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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
The May contract is rolling over to June & the current difference b/w the two is 1.5. Do you know what this means when we wake up in the morning? :p
Asad
they acted on behalf of far bigger institutions than they are. its going to be the same effect of silver jpm whistleblower.
Thanks
http://blogs.reuters.com/columns/2010/04/16/europeans-wont-be-amused-by-alleged-goldman-scam/
It'd be SO cool if another lawsuit followed, charging Goldman for its role in the Greek crisis! Now that'll be a double (dip) whammy...
Asad
"Lehman Brothers Holdings Inc. may have grounds to sue Goldman Sachs Group Inc. and Barclays Plc after they obtained assets from CME Group Inc. for less than half their value, bankruptcy examiner Anton Valukas said..."
The examiner concludes that an argument can be made that the transfers at issue were fraudulent, Mr. Valukas said in the report. Under bankruptcy law, the auction may be able to be undone, he said."
http://www.crainsnewyork.com/article/20100414/FREE/100419939/1072
not now the pullback has terminated yet to resume the downtrend
I raised this issue earlier last week as well...and now it's 'swelled' enough for me to ignore.
The price differential b/w crude's May, June & July contracts...
May: 83.24
June: 84.67
July: 86.22
...is unusually wider, don't you think so. A classico contango! Say that we approach the month end ~ the same situation...umm, this points to higher oil prices doesn't it?
What's your take on this? Thanks...
Asad