2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 386.87

-0.1%

Dec 3 4:00 PM EST

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To: sense who wrote (156520)	4/20/2020 11:47:51 AM
From: sense	Read Replies (1) of 218166

Oil answers the call: Plummets from $18 to under $11 on the spot market this morning. The drop comes coincident with the rollover from the current month contract to the forward month June contract. The May futures contracts become deliverable tomorrow... which means lazy investors skittering out of the near month only now at the last moment, are being hugely rewarded for their sloth. The difference shows up in the ETF results, also... as the earlier roll overs now have SCO trading based on the June contract... which opened this morning around $24 and is still trading above $22... the shorts making money, but not the kind of money that comes with an overnight drop from $18 to almost $10. What that does create is a bit of obviousness... where the forward month contract trades at $22 and the spot market trades under $11... and there is only the next thirty days for the two to find a balance.

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