First World Markets Shenanigans - Page 17 - Offshore - Wazua

Welcome Guest

Wazua » Investor » Offshore » First World Markets Shenanigans

First World Markets Shenanigans

Options

Previous Topic · Next Topic

nairobby		#161 Posted : Monday, April 20, 2020 9:45:25 PM
Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya		What is happening
Back to top		\|
User Profile

slick		#162 Posted : Monday, April 20, 2020 10:11:19 PM
Rank: Member Joined: 6/1/2017 Posts: 288		WOW WTI OIL PRICE AT NEGATIVE 37.63 USD .What does this really mean? https://www.marketwatch....-10-a-barrel-2020-04-20 As the link above states Quote: U.S. oil's May contract plunged into negative territory on Monday, meaning that you would have to pay to get someone to take barrels of oil off your hands. West Texas Intermediate oil trading on the New York Mercantile Exchange plunged nearly 300% to settle at negative $37.63 a barrel. The May contract expires CL.1, -199.61% CLK20, -199.61% Tuesday. That one-day drop marks the first time the contract has traded negative in history and would be the largest tumble on record going back to 1983 , while a finish near its current level would be far below the previous all-time low for a front-month contract, according to Dow Jones Market Data. Can I get a truck and go to an oil depo and they pay me to take oil from them??NUTS Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
Back to top		\| \| Edit by user: Monday, April 20, 2020 10:16 PM \| Reason: Not specified
User Profile

murchr		#163 Posted : Monday, April 20, 2020 10:22:55 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Oil has gone burst. Wao! No one is driving to work. Saudi vs Russia fight still on, what is tge end game? Its time like this i miss @hisah "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
Back to top		\| \| Edit by user: Monday, April 20, 2020 10:27 PM \| Reason: Not specified
User Profile

slick		#164 Posted : Monday, April 20, 2020 10:35:47 PM
Rank: Member Joined: 6/1/2017 Posts: 288		murchr wrote: Oil has gone burst. Wao! No one is driving to work. Saudi vs Russia fight still on, what is tge end game? Its time like this i miss @hisah Physical oil market though have low prices cannot in any semblance of reality be having a negative price.In the bizarre metaphysical parallel universe of Wall Street yes but in the real world no. This is the fundamental stupidity of futures markets determining prices of underlying assets.Its just traders speculative gambling. Now this presents a solid case for futures markets to be banned from determining prices of especially commodities as its subject to manipulation and as we have seen today utter lunacy. Some oil man works hard to get oil off the ground then some gambling punks of Wall Street determines his selling price in this dubious manner??Not fair Not to worry.Tomorrow we shall be back to 20 USD as this dubious May futures contract expires Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
Back to top		\| \| Edit by user: Monday, April 20, 2020 10:45 PM \| Reason: Not specified
User Profile

winmak		#165 Posted : Tuesday, April 21, 2020 7:27:07 AM
Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru		slick wrote: HISTORY HAS BEEN MADE.WTI OIL PRICE HITS ZERO!!!!!BEYOND INSANITY I have seen many ludicrous things in Western markets like central banks buying stocks,corporate and government bonds,negative yielding bonds but WTI oil price at ZERO takes the crown for sheer lunacy Hit negative 37 at some point😬😬 Being paid to take off the oil off their hands For investors as a whole, returns decrease as motion increases ~ WB
Back to top		\|
User Profile

slick		#166 Posted : Tuesday, April 21, 2020 7:42:43 AM
Rank: Member Joined: 6/1/2017 Posts: 288		slick wrote: WOW WTI OIL PRICE AT NEGATIVE 37.63 USD .What does this really mean? https://www.marketwatch....-10-a-barrel-2020-04-20 As the link above states Quote: U.S. oil's May contract plunged into negative territory on Monday, meaning that you would have to pay to get someone to take barrels of oil off your hands. West Texas Intermediate oil trading on the New York Mercantile Exchange plunged nearly 300% to settle at negative $37.63 a barrel. The May contract expires CL.1, -199.61% CLK20, -199.61% Tuesday. That one-day drop marks the first time the contract has traded negative in history and would be the largest tumble on record going back to 1983 , while a finish near its current level would be far below the previous all-time low for a front-month contract, according to Dow Jones Market Data. Can I get a truck and go to an oil depo and they pay me to take oil from them??NUTS Though WTI oil price hit NEGATIVE 37.63 USD yesterday the major oil producing companies dropped only slightly with Chevron down 4.13% and Exxon Mobil down 4.70% yesterday.The shale oil frackers is another matter altogether.Bankruptcies in the shale oil is a real possibility if the Fed doesnt buy their junk bonds and I know the Fed will print money to buy these bonds. Its stupid futures prices determining oil prices that went bezerk but nobody was seriously taking that price and a case for banning futures markets as a price setting scheme should be explored Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
Back to top		\|
User Profile

slick		#167 Posted : Tuesday, April 21, 2020 8:15:43 AM
Rank: Member Joined: 6/1/2017 Posts: 288		slick wrote: slick wrote: WOW WTI OIL PRICE AT NEGATIVE 37.63 USD .What does this really mean? https://www.marketwatch....-10-a-barrel-2020-04-20 As the link above states Quote: U.S. oil's May contract plunged into negative territory on Monday, meaning that you would have to pay to get someone to take barrels of oil off your hands. West Texas Intermediate oil trading on the New York Mercantile Exchange plunged nearly 300% to settle at negative $37.63 a barrel. The May contract expires CL.1, -199.61% CLK20, -199.61% Tuesday. That one-day drop marks the first time the contract has traded negative in history and would be the largest tumble on record going back to 1983 , while a finish near its current level would be far below the previous all-time low for a front-month contract, according to Dow Jones Market Data. Can I get a truck and go to an oil depo and they pay me to take oil from them??NUTS Though WTI oil price hit NEGATIVE 37.63 USD yesterday the major oil producing companies dropped only slightly with Chevron down 4.13% and Exxon Mobil down 4.70% yesterday.The shale oil frackers is another matter altogether.Bankruptcies in the shale oil is a real possibility if the Fed doesnt buy their junk bonds and I know the Fed will print money to buy these bonds. Its stupid futures prices determining oil prices that went bezerk but nobody was seriously taking that price and a case for banning futures markets as a price setting scheme should be explored WTI oil price now back to 21 USD as the ludicrous May futures contract expire.Ideally what happened jana is that traders who had bought the May futures contract would have been forced to take physical delivery of oil if they kept the contract until expiry.Since storage capacity is all filled up,these traders would not have anyplace to store their oil so they panicked out of the May futures contract yesterday thus the negative 37.63 USD price.Traders actually paid buyers to sell these futures to them.WOW now thats just nuts. Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
Back to top		\| \| Edit by user: Tuesday, April 21, 2020 8:22 AM \| Reason: Not specified
User Profile

Ericsson		#168 Posted : Tuesday, April 21, 2020 8:34:44 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		murchr wrote: Oil has gone burst. Wao! No one is driving to work. Saudi vs Russia fight still on, what is tge end game? Its time like this i miss @hisah European economies are beginning to open their economies Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
Back to top		WWW \|
User Profile

wukan		#169 Posted : Tuesday, April 21, 2020 9:30:04 AM
Rank: Veteran Joined: 11/13/2015 Posts: 1,654		Fed overreacted and overplayed its hand in the market. You are likely to see more market dislocations in the coming days especially in emerging markets. The best thing for emerging markets is to default en mass on dollar bonds. That will bring the dollar and the fed back to sanity. Otherwise they will not answer the coming margin calls.
Back to top		\|
User Profile

slick		#170 Posted : Tuesday, April 21, 2020 10:38:18 AM
Rank: Member Joined: 6/1/2017 Posts: 288		wukan wrote: Fed overreacted and overplayed its hand in the market. You are likely to see more market dislocations in the coming days especially in emerging markets. The best thing for emerging markets is to default en mass on dollar bonds. That will bring the dollar and the fed back to sanity. Otherwise they will not answer the coming margin calls. Not that simple for emerging markets to just default on USD denominated bonds.Washington will slap sanctions on you crippling your economy even further or organize a coup to dethrone the defaulting government possibly even an invasion Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
Back to top		\|
User Profile

25 Pages«<1516171819>»

Wazua » Investor » Offshore » First World Markets Shenanigans

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Print this topic

Normal
Threaded