from King World News
Here is a contrarian gold alert, gold now in backwardation, ominous sign for the US dollar, plus a bonus interview!
Gold Now In Backwardation
September 28 (King World News) – Garlic Moran, at Moran-Tice Capital Management: “I have open interest down 19,000 contracts Thursday & Friday. You can now buy Gold after Comex Options Expiration & Rollover below the 100DMA; with Gold $5 into backwardation in a bull market. The odds strongly favor a bottom over the short term.”