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Gold Forward Rates, Futures in Backwardation for First Time Since 2001

The gold forward offered rate and futures prices are in backwardation for the first time since 2001, ETF Securities US Research Director Mike McGlone tells TheStreet's Joe Deaux. McGlone says he thinks this is a sign for more support under gold price

http://www.11alive.com/video/3157112352001/1/Gold-Forward-Rates-Futures-in-Backwardation-for-First-Time-Since-2001 http://cdn.newslook.com/b4/b4ccca2619e7deeefe667d3c65e52b02/images/frame_ext.jpg Gold Forward Rates, Futures in Backwardation for First Time Since 2001 The gold forward offered rate and futures prices are in backwardation for the first time since 2001, ETF Securities US Research Director Mike McGlone tells TheStreet's Joe Deaux. McGlone says he thinks this is a sign for more support under gold price Joe DeauxMike McGloneFinancenewslookUnited States of AmericaETF Securities 02:27

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