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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 413.19+1.1%Jan 6 4:00 PM EST
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To: carranza2 who wrote (156785)4/20/2020 6:57:04 PM
From: carranza2   of 219063
 
Actually, the negative price was a feature of a lack of storage, traders being unable to roll over futures contracts, thus being forced to take delivery with nowhere to store their oil thanks to abundant supply. Cushing, OK is full. Thus, they had to give it away.

They won’t get caught with their pants at their ankles again, I should think. So, it’s likely something we won’t see again.
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