13.09.2011 - Cash for gold, financial market edition
Before going on, we should emphasise the rates don’t necessarily reflect the position of the bullion banks in question, but rather the position of their customers — since the banks mainly act as intermediary brokers, rather than anything else. Nevertheless, what the chart shows is very interesting. The GOFO rate curve for many institutions is flat, or even inverted in some cases. While inversion of the GOFO curve is not exceptional, it is very rare..............................................Full Article: Source
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