This Week In Futures Options
TWIFO 163: Crazy Week for Crude, Gold and Iron Ore
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:52:23
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HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CRUDE OIL Down 10% on the week coming into Thursday. That followed a session in which the futures closed at $51.09 a barrel, the lowest level since Jan. 14. Futures fell as much as 5.8% Wednesday to seven-month lows after American crude stockpiles posted a surprise increase. The loss sent the resource tumbling into bear market territory. Having extra supply dilutes prices, while fears of a global recession added to worries that demand may slow. EIA Lowers World Oil Demand Forecast Again Oil Regains Ground as Saudis Discuss Crude-Market Intervention METALS - GOLD Good week - Up 5.21% coming into Thursday. Gold's ride hinges on rates. For gold prices to head for $1,600 or higher, it will take a few more rate cuts from the Fed. Global tensions still matter for gold, but with the trade war in play, global tensions are now correlated with economic expectations and, thus, rates. METALS - SILVER Silver is having another rock'em sock'em week. Silver prices b