The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content


()

Top links: Miners provide positive contrarian signal for gold

A roundup of what The Globe and Mail's market strategist Scott Barlow is reading this morning on the World Wide Web.

The Financial Times reports that gold miners are using futures markets to lock in future sales, again hedging against declines in the bullion price. Historically, this has been a positive sign for gold – the amount of forward selling by gold miners has been a contrarian indicator.