Tag: futures

The Oil Futures Crash Is a Warning to Gold Speculators

The Oil Futures Crash Is a Warning to Gold Speculators

The metals complex showed relative stability this week as the oil market suffered a historic meltdown. West Texas Intermediate Crude crashed 70% at one point this week on the continuous contract, bringing prices briefly below $7 per barrel. By Thursday, prices were trading between $14 and $18 per barrel. The volatility on the May futures contract was even more extreme. On Monday, May futures for crude oil crashed to one dollar, then to zero, then to a few pennies below zero, then to an unbelievable negative $37 per barrel. With the world literally running out of places to store oil, oil contracts for immediate physical offtake represented a liability rather […]

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Physical Demand Wreaks Havoc on Futures Exchanges

| March 30, 2020 | Category: Trading
Physical Demand Wreaks Havoc on Futures Exchanges

In recent days, retail demand for physical bullion has tapered only slightly from the frenetic pace of the prior two weeks. Many of Money Metals’ major retail competitors appear to be facing big challenges obtaining enough inventory of coins, bars, and rounds and fulfilling orders timely. To be fair to the struggling dealers, buyers have vastly outnumbered the sellers for weeks, despite the big jump in premiums. By virtue of having its own in-house fulfillment operation combined with strong capitalization and sourcing, Money Metals seems to be well positioned in terms of securing stock and fulfilling orders quickly – and we have not been refusing orders from smaller customers while […]

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Chris Powell: Futures Markets Give High-Volume Trading Discounts to Governments

Chris Powell: Futures Markets Give High-Volume Trading Discounts to Governments

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason (Money Metals Exchange): It is my privilege now to welcome in Chris Powell, Secretary-Treasurer at the Gold Antitrust Action Committee, also known as GATA. Chris is a long-time journalist and hard money advocate, and through his tireless efforts at GATA he is working to expose the manipulation of the gold and silver markets. Through GATA’s work over the years. Some important revelations have come to light, which quite honestly should concern everyone. It’s great to have him back on with us. Chris, how are you, and thanks for taking the time to talk with us today. Chris […]

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