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AuRico Gold Inc. Message Board

  • canine_cunning canine_cunning Jul 18, 2013 2:38 PM Flag

    dying golds/silvers = auq remains mega bubble by all relative measures = crash coming

     

    With every gold/silver you can name falling into the toilet, I have NO idea how this thing sustains prices above 20 cents a share in the best case scenario????

    The future is very bleak for the fatally wounded golds/silvers that ALL FAILED as "flight to safety" assets this past year during all international crises and financial storms.

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    • Odd how Silver is in fundemental Backwardation, till the end of the year.
      Large contract gold is also in Backwardation compared to the carrying costs just like silver, has carrying cost backwardation.
      That has to worry some one somewhere that they will have to deliver on that backwardation.Costly to be sure for the shorts. Just like oil's continued backwardation. Both are in need of an explosion to the up side to deliver those contracts, that are in close in backward carry. You do see that backward carry ,right ,in the futures contracts for gold and silver? Or do you understand contango and backwardation?

 
AUQ
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