Bron Suchecki – What GOFO and Backwardation Says About the Gold Market

Published on May 9, 2018

See on Internet Archive

by
Bron Suchecki
My articles My videos My books
Follow on:LinkedIN Twitter Seeking Alpha Youtube Google +

Bron Suchecki of Monetary Metals (https://monetary-metals.com) joins us on the channel to shed light on the Gold Forward Offered Rate (GOFO), the implications when the gold market goes into backwardation and usefulness of GOFO as an indicator of the market.

Bron also shares his outlook for gold and silver in 2018.

Discussed in the interview:
03:09 Gold works as a control on the monetary system
05:00 Do currencies need to be backed by gold?
07:18 The U.S dollar will not be the reserve currency forever
08:10 What is the Gold Forward Rate & backwardation
11:32 When the spot price is higher than the futures price
16:32 GOFO is a subtle indicator, it is not definitive
22:02 Why the LBMA stopped publishing GOFO
26:06 Possible factor causing sideway gold & silver prices
29:15 Was 2015 the bottom for gold?
31:09 Performance of gold & silver in 2018
35:40 Difference between the price ratio and the mining ratio

Find out more about Silver Bullion: https://www.silverbullion.com.sg

Silver Bullion Twitter: https://twitter.com/SilverBullionPL

Are you the author?

About Bron Suchecki

Bron Suchecki has worked in the precious metals markets since 1994, when he joined the Perth Mint as an Administration Officer in their Sydney retail outlet. In 1998 he moved to Perth to work in the then fledgling Depository division. He has held a number of roles since then in the treasury, risk and governance areas of the Mint. All posts are Bron's personal opinion and not endorsed by the Perth Mint in any way.

My articles My books
Follow on:LinkedIN Twitter Seeking Alpha Youtube Google +

Previous post See more for 6a) Gold and its Price Next post
Tags:

Permanent link to this article: https://snbchf.com/video/bron-suchecki-what-gofo-and-backwardation-says-about-the-gold-market/