Art Cashin: Gold Backwardation Suggests Real "Conspiracy"

``A key support of these theories is the backwardation in gold -- the spot price is higher than the near future contract.  That's unusual. It could normally be resolved by selling spot gold and buying the cheaper future one month out.  Thus, in a month, you would reap an apparent locked-in, riskless profit.  Yet no one seems to be doing it.  Is there doubt that there is gold in storage that will be deliverable in a month?  So, the theorists assume. ''