tyb
ZERO
BWAHAHAHAHAHAHAHAHAHA
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
Gold settles above $1,700 as oil's May contract plunges by about 90%
It has come off that a little in spot market- a daily "print" is taken at 1:30pm EST and that is the settlement price. Oil is "stuck" at .01 cent. Don't think they know what to do with it here.
Gold futures on Monday settled solidly higher, reclaiming a perch above $1,700, as early gains for the dollar faded and as a tumble in crude-oil prices-a sign of waning risk appetite, provided a pathway for the precious metal to gain some ground higher. June gold GCM20, +0.59% closed up $12.40, or 0.7%, to end at $1,711.20 an ounce. The gain in gold comes as oil's May contract was plunging to the single-digits CL.1, -98.85%, shedding nearly 90% of its value as investors worry about a lack of storage capacity for the commodity and a glut of oil swirling in the market. Investors appeared to be picking up gold against that backdrop, experts said.
https://www.marketwatch.com/story/gold-settles-above-1700-as-oils-may-contract-plunges-by-about-90-2020-04-20
https://www.kitco.com/charts/livegold.html
your time print brah
CME contracts caught up. May Delivery is at .10 but it will continue to move around as data delayed and June is at $21.80
https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html
Oil can trade negative on the CME's exchange as May contract plunges below zero on NYMEX
CME Group CME, -2.12% says it has been testing negative trades for oil futures, of major energy prices fall below zero. "CME Clearing has a tested plan to support the possibility of a negative options underlying and enable markets to continue to function normally," the exchange operator said in a note on April 8. CME reiterated on Monday that if West Texas Intermediate oil futures, in any month, settle at a price between $8 and $11 a barrel that it could switch to a price model that would allow for negative pricing. On Monday, the WTI contract for May delivery traded on the New York Mercantile Exchange CLK20, -120.25% CL.1, -120.25%, which expires on Tuesday, was down $19.70, or more than 100%, at negative $1.43 cents a barrel. The June contract CLM20, -15.26%, which is the most actively traded, was down $3.47, or 14%, at $21.52 a barrel.
https://www.marketwatch.com/story/oil-can-trade-negative-on-the-cmes-exchange-as-may-contract-plunges-below-zero-on-nymex-2020-04-20
the CME Group stock down over 2% on the back of this.
in 3…2..1.
it will take some time. This is just one day and the system has ways of keeping it going with derivatives. But it will be something tied to hard assets that are verifiable unlike the current FIAT system.
PAT916 C-560 east from Moffett Field-after ground stop-origin Long Beach Int'l
Google leases NASA airbase for robots, planes and space exploration
Search firm signs 60-year, $1.16bn lease to renovate three large hangars at a Nasa airfield outside of San Francisco including historic Hangar One
moar here
https://www.theguardian.com/technology/2014/nov/11/google-nasa-airbase-hangers-robots-planes-space-exploration
it doesn't..for them. They are already loaded up at Cushing OK-storage facility and the tankers are all leased and sitting off-shore "waiting" for a price increase.
just like the Y2K bullshit. never programmed in 4 digits into all the trading programs then. Not set up for negative prices now.
CME: "We are experiencing technical difficulties…
https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html
this guy having a bad day
unless you buy COMEX contracts you are left out and the pricing for those are all washed out with today's move.ETF's are a joke. Best to watch it from afar and take great pleasure in it's destruction.
here is a place to check out when it settles down
https://www.thebalance.com/trading-crude-oil-futures-809351
>>8864195 Chase and other banks shuffled Paycheck Protection Program small business applications, lawsuit says
'notable
All the debt that is tied to the Gas/Oil Complex is going to get NUKED'