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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (179155)	10/4/2021 8:50:59 PM
From: voop	1 Recommendation Recommended By marcher Read Replies (1) \| Respond to of 219085

Would that be reverse alchemy?

To: carranza2 who wrote (179155)	10/4/2021 10:26:44 PM
From: TobagoJack	Respond to of 219085

RE <<Gold mediates the transformation of photons (light) into matter>> ... is very neat, and you are correct, can be weaved into a good sci-fi as to <<What kind of matter?>>, so far by the looks of the market, light => gold = cr@p seems to be the case :0) in the meantime lets see what light of day does to natural gas zerohedge.com World's Largest Commodity Traders Face Massive Margin Calls As Global NatGas Arb Explodes BY TYLER DURDEN MONDAY, OCT 04, 2021 - 07:06 PM Just one week ago, we highlighted the first victim of the latest "rogue wave" in global natural gas markets. As Miami-based Statar Capital gave up its "hefty gains" from earlier in the year, tumbling into the red amid the NatGas market turbulence, we warned that it would not be the last fund to admit major losses through this period of chaos. It appears we were right, and three years after James Cordier - head trader at OptionsSellers.com - became infamous after a "catastrophic loss event" thanks to a "rogue wave" in NatGas options markets, Reuters reports on what could be the next escalation in energy markets, [url=][/url] Seven sources with direct knowledge of the matter told Reuters that the world's top commodity trading houses are being told by brokers and exchanges to deposit hundreds of millions of dollars in extra funds to cover their exposure to soaring gas prices. Glencore, Gunvor, Trafigura and Vitol are among the commodity merchants facing massive margin calls on their positions in natural gas markets across Europe and US. According to reports, it appears the trading shops have all been hammered by a spread (or arbitrage trade) gone wrong. For years, the prices of European (red) and US natural gas (green) have traded within a well-defined range. When the spread between the two reaches one extreme or the other, you buy one and sell the other - easy, right? [url=][/url] Source: Bloomberg So as European NatGas prices surged in Q2, it reached a notable extreme relative to US NatGas, prompting traders to instigate the strategy of selling European Gas and Buying US Gas in the hopes the spread compresses. The strategy backfired last month when European gas prices soared due to a variety of factors including low inventories, high demand for gas in Asia, low Russian and LNG supply to Europe, and outages. [url=][/url] Source: Bloomberg As the chart above makes clear, this is not just a modest break of the strategy, it's a multiple-sigma collapse of what was - for 12 years - a relatively low risk, slow reversion strategy. Officials are of course playing down this report: "While there have been margin calls associated with the European natural gas price rally, Gunvor maintains a healthy liquidity position and instruments to manage any further volatility," a company spokesperson said. Glencore, Trafigura and Vitol declined to comment. The situation is particularly difficult for small-to-mid-sized trading firms, the sources said, who described the margin calls as on a scale not seen before. One wonders if these shops have been buying options protection to try and manage this position's massive wrong way bet. NatGas implied vols have never been higher... [url=][/url] Source: Bloomberg "Nothing to see here, move along" is the message but we wonder just how bad this could be as Reuters reports that two of the sources said trading houses and other players had together accumulated $30 billion worth of short positions in the TTF market, with European utilities taking the opposite long side of the play.

To: carranza2 who wrote (179155)	10/20/2021 6:38:18 PM
From: TobagoJack	1 Recommendation Recommended By maceng2 Read Replies (1) \| Respond to of 219085

<<Gold>> The most extreme projection for gold in 2024 is $6500. We still show volatility rising sharply in 2022. ask-socrates.com Gold & the Benchmarks TUESDAY, 19 OCTOBER 2021 BY: MARTIN ARMSTRONG The Benchmarks in Gold & Silver produced a reaction high instead of a low. This is indicating that the metals are preparing to return to an uptrend. These will not converge again until March and then July of 2024 implying that that is where we may see highs form. The most extreme projection for gold in 2024 is $6500. We still show volatility rising sharply in 2022. Keep in mind that REACTIONS are typically 2 to 3 time units. The tide is turning even the WSJ coming out about Gates' emails. There is a crash in the armor and I think every one is getting fed up with the COVID scam. Even the vaccinated now are starting to realize that the promise of ending COVID if everyone was vaccinated is nonsense and they can get COVID and still die. This is contributing to the 3 year reaction so in 2022, this may start to come to a head. We will be going over the metals at the WEC.