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

So this is the ONLY reason gold was up $100 on Monday and a $100 on Tuesday? And now we’re back to normal parameters?

Posted by Richard640 @ 19:41 on March 26, 2020  

But right now, “those stockpiles can’t reach other global trading centers so easily,” said Ash. “Monday’s UK lockdown announcement sparked Tuesday’s $100 premium for New York settlement and it’s what’s spooking traders in Comex derivatives.”

That contributed to a rally for futures prices on Comex Tuesday. “The confusion in the London spot market prompted the big European metals traders to rush to buy Comex gold futures as a hedge, as they felt they couldn’t get what they felt were accurate or fair London spot gold prices,” said Jim Wyckoff, senior analyst atKitco.com, in a Wednesday note.-

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Go to Top

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