what does backwardation mean? How does it effect the price for Gold? by briandenver

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gold · @briandenver · Dec 2 '21

$0.38

what does backwardation mean? How does it effect the price for Gold?

what does backwardation mean ?

Normal backwardation, also sometimes called backwardation, is the market condition where the price of a commodity's forward or futures contract is trading below the expected spot price at contract maturity.

The photo below highlighted the price for Tin Which is a metal used an electronic solder.

![65D684B2-BC02-4A6B-B700-91230A5AE30F.jpeg](https://images.hive.blog/DQmdgsHuoCWgKMrTRTy5iLWe8mp4dTr6FtgVtby7J1BgQPi/65D684B2-BC02-4A6B-B700-91230A5AE30F.jpeg)

If you notice gold and silver our way at the bottom.  I think this is an example why gold and silver have not gone up while most other commodities have increased.

👍 mmmmkkkk311, briandenver, mariuszkarowski, informator, ntowl, mino1

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@briandenver · Dec 3 '21

$0.03

![557D755F-CDFF-488C-9C6B-CC17330B8B73.jpeg](https://images.hive.blog/DQmW1cTMUCAZZQD9QSERqpjzpSDuWxbTyRmizW2h3Ub9igq/557D755F-CDFF-488C-9C6B-CC17330B8B73.jpeg)

👍 briandenver

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@briandenver · Dec 3 '21

$0.03

Here are the daily prices for December 2 of a lot of common medals that are traded on commodities.
![81ED8000-5941-4B34-B594-14091774072D.jpeg](https://images.hive.blog/DQmfUoEm9KEjzLC8hyG3szosgLRyfc27vdLMq3rrat2Pwd4/81ED8000-5941-4B34-B594-14091774072D.jpeg)

👍 briandenver

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