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as you can see, there is a cotango effect on the price of gold. a spot price lower than that of futures. futures are traded at 1994 price and spot at 1957. is selling futures at 1994 a good idea?
If you just want to go short the futures contract there is no guarantee that the price will go down. However, if you want to buy spot and sell futures you may make money as the futures delivery date gets closer.
