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It’s a really complex topic, and if anyone had the exact answer, they’d make a fortune, of course. Personally, unless there are extremely strong fundamental industry changes, I think spreads like this are generally under utilized. Everyone always tends to say “it’s different this time” until...

I’ve noticed a commodity I trade shows backwardation in the far forward contracts when there are no trades actually occurring. The spot price can rise some days and the far forward contracts may all drop. I understand that the mid range contracts may be dropping that day, but how does Nymex...

It has become extremely difficult to take physical delivery in recent years. Most depositories are effectively in default on their obligation to arrange load out. Therefore few brokerages will allow physical delivery of contracts so check carefully with your broker first. Then you will need a...

I don’t know any way to short effectively in US besides futures or options on futures. Now to the more important question of what actual fundamentals make you want to short? Please don’t tell me some chart pattern.

It’s not the gas stations colluding, it’s a cartel of refineries and pipelines.

To San Miguel, yes they are thinly traded with a large bid/ask gap. To Cannon_Trading, very impressive you’re watching this and you’re a great brokerage. I understand the spreads between front and back months will tend to diminish as a supply glut works itself out, and that is happening as...

Gold tends to rise during inflationary periods and fall during deflation. These short term deleveraging events like now or 2008 are deflationary so gold tends to fall short term. People need cash and sell everything to cover their obligations. The banking industry response however, is vastly...

See attached charts - in last 2 days (April 1 and 2) the May ‘20 contract began rising rapidly but the Dec ‘22 contract began dropping. Any ideas why?

Today the May 2020 WTI contract rose from around $20 to around $25. Huge jump right? Meanwhile the far future contracts fell. For example Dec 22 fell over $1 and similar for Dec 23. Those were the biggest drops in those contracts for over a week on the same day the near term prices had their...

Ahhhh the sweet irony of this thread. Look at title, look at comments, back to title, back to comments... get it now?

cool thread. I may be the only one commenting so far who fits the criteria so here's my take. Partially through frugality and partially thru trading I retired at 39. Would I do it over or have spent the money...? Problem is you only get to take one path in life and don't know what the...

It is not so easy to gain alternate citizenship and the offshore entities all seem a bit sketchy and are open to new regulatory interpretations at any moment. For an EU citizen sure I wonder why they simply don't change residency, but for the US it is a major undertaking.

The significant difference I see between the US and Greece is that the US can use its military to extort the world. The situation is like two people who start running up debt, one, Zorba, is eventually forced to work more hours and spend less. The other, Sam, is able to run around stealing...

LOL

Whew, long thread but best discussion I've read on btc anywhere. The main thing I'm trying to guess at is: How long until multiple copycats of btc, such as litecoin, are created and to what degree will that erode the value of btc? I'm not even talking about a moderate improvement, which...

I just happened to check back today and was sooo glad to see the old format returned. I had completely written off the site and never expected it would return to the previous user friendly format. It is rare that anyone listens to users and reverses a decision - corporate America could learn a...

Wow pure genius, guess we don't need to buy your trading system... Umm.. just to be clear here - you do realize that the market continues making the higher highs in multiple timeframes UNTIL it inevitably peaks and drops? I think the general argument being made here has been that nobody can...

To quote one pundit, "We went over the fiscal cliff a long time ago. Right now we're a burning wreck at the bottom of the mountain."

If this is a serioius question, you might as well ask why doesn't the treasury just print the $trillion in bills. The last president who tried that didn't fare too well. See the way it works bud, is only Banks is allowed to print money from thin air - now shove off with your questions...

I just wonder how the hell you ever get the accounts open. It took me 20 personal trips to 5 banks just to open one business account for an irrevocable trust. From what I can see, the establishment's answer to these asset protection schemes, will be to continue to allow the connected elite to...