OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Now this is getting really weird

Posted by Maddog @ 18:58 on March 25, 2020  

I use a CFD dealer to punt, as it is tax efficient….if u make money…….well they just made Spot Gold CFD’s liquidation only…but u can still trade their Crimex futures based mkts….due to problems with spot gold prices.

On Monday the spread between bid offer, was 0.40 cents, for spot Gold and 0.60 cents Futures….on Tuesday spot became 3.00 spread and futures was still 0.60 cents, then today spot is now @ 3.5/4.00 and Futures @ $ 1/1.2….plus spot is trading @ $ 30 discount, to futures….

the Futures mkt is therfore much better priced/liquid than the spot price….which makes some sense if most dealers are at home…..but why the discount…it makes no sense at all.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.