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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)
Ashraf
A lot, though, depends on the US opening - they're the ONLY ones around the world dragging markets upstairs! Maybe they'll take oil higher?
But as the w/end approaches...expect it to tank!
Asad
P.S. Quit this & enjoy your vacations...
Asad
Did anyone notice the unusual difference b/w contract prices of crude futures?
May: 84.92
June: 85.63
July: 86.52
Such large difference doesn't usually occur (or I'm reading too much into it). Logically, the preceding and following contract prices should converge; if not, then it's uh oh...
Asad
I have a worrying feeling that the manipulation story and the paper versus physical story or stories could mushroom into a Black Swan event before too long. Could be nasty. I hope I'm wrong.
A question for your consideration.
How do you analyse the Andrew McGuire story. This has had NO coverage in the mainstream media and EXPANSIVE coverage in the underground media. Unfortunately, the guy has been shut out by the CFTC - none really actioned his information. Weirdly, he was also part of a hit-&-run incident in London recently. The Cartel wants him out! For sure.
I, for one, CAN confirm that JPM (& Morgan Stanley) indulge in naked PM manipulation...but it never came to light...until now.
Again, how do you analyse this given that the price of PM has been manipulated downwards, what should be the real price? & the implication that there is MORE paper PM in the world than actual? Thanks!
Asad
EURO HAS ROCK BOTTOMED!!!??
@sydneyjames: tnx for tips!