2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

GLD 408.23

+2.3%

Dec 22 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bull_dozer who wrote (155961)	4/5/2020 11:35:37 PM
From: sense	Read Replies (2) of 218662

Pre-market futures opening seems to be responding to the Sunday daily coronavirus briefing... with the focus squarely on the major averages, things are popping in response to "glimmers of hope"... Futures Surge As Trump Touts "Glimmers Of Hope" In Italy & New York Oil was down only 10% at the open... while the market seems to be intent on ignoring what Trump said about oil in the same briefing... where he spent a good bit of time on it. Right now WTI is trading down only 4% while Brent is down only 2%... The gist of what Trump said was... if they don't get their act together... tariffs are coming. He wasn't coy about it at all... while still revealing only that one element of potential action... leaving others "for later". He was clear enough that he WILL act to protect the U.S. oil industry from being damaged... by others (my words) recklessly uneconomic actions. Worth watching... as the nature of the impact on oil positions is highly dependent on location... Tariffs imposed on oil imports to the U.S. will send WTI spot prices screaming higher... but the same act will drive the rest of the world's oil prices farther down in value... amplifying the surplus that isn't being addressed adequately already... In futures and options markets ? The contango is likely to grow worse as production continues to outpace demand, driving global spot prices lower. The U.S. has already dropped the rig rate by 18% since January... still leaving current production swelling, even while future production is already dropping due to the 18% cut ensuring fewer new wells and fewer new well completions in the not so distant future... Options and futures might be a smarter way to play the resulting massive disconnects in the market ?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next