Foxx

https://twitter.com/russian_market/status/1252576864612356096

reports are beginning to emerge. Op-ed: Recovering from this unprecedented oil crash could take years and may not benefit Saudi or Russian producers ... The cost of storing physical crude, the enormous gap between supply and demand and other disruptions to the market led to this historic rout. One of them was only lightly touched upon and some other issues are emerging this morning as the collateral damage being done is in the early stages of being tallied. Yesterday, the Financial Times reported that a Singaporean trader hid some $800 million in losses from oil trades gone sour. His counterparties include HSBC, Société Générale and ABN Amro. On Tuesday, there are reports that South Korean investors have recently loaded up in structured notes tied to the price of crude and are likely suffering large losses as the result of yesterday’s historic crash. Add to that, the likelihood of additional, and large, losses among hedge funds, domestic holders of leveraged oil exchange-traded funds, highly levered oil producers and a coming wave of bankruptcies among those same companies and the damage done to oil markets is far from over. ETF marketers are already suggesting they may, or will, halt trading in them or possibly liquidate them, causing a further cascade in the price of oil. ... it's AXIOS but i found this to be telling... The aftermath of oil's march into the unknown ...The big picture: The historic price collapse reflects two things at the same time. 1. More narrowly, it was about the calendar as the expiration of the May futures contract looms today. Speculative traders and companies were rushing to unload contracts for May delivery, but with the oil unwanted, they had to start paying to get rid of them. "[W]ith adequate storage in Cushing [Oklahoma] unavailable to those who need it, selling intensified in the May futures contract," Wood Mackenzie analyst Ann-Louise Hittle said in a note. "This issue is most intense for May WTI because oil demand is at its weakest." ...

a lot of evidentiary links provided here to back up the claims. Pedophilia a Requirement for UK Ruling Elite

right, because the main stream propagandists are going to report the actual truths. have you learned nothing at all in these last 4 years?

you are a shell of your former self. i think i have told you that before tho... why so disingenuous? yes, there was talk of Virginia counties seceding, was there not? are you going on record as saying that there was no wrong doing with the whole soft coup?

let me ask you a serious question (hoping for a serious response). are you snow blind?

not sure where the oil consumption levels are currently at with the down turn but before it, it was around 100 million barrels a day. also, before the Russia/Saudi agreement, the world production was in the neighborhood of 95 million barrels a day. this will certainly help for maybe a month, 2 tops.

they're asshats (one even had as asshat avatar for a spell). they can try and obfuscate but they can't change what is coming. #worsethanwatergate

this was posted Friday the 17th at forexlive: There are some strange things going on in oil as ETF flows skew the market additionally, Goldman sacs said the following: Given the difficulty and costs of storing oil (even in normal times), investors typically never keep positions into expiration. The size of the long positions in May WTI had therefore already shrunk significantly as all the major commodity indices and ETFs rolled earlier this month into the June contract. Illustrating that point, the unprecedented collapse in May WTI prices occurred with only 100k contracts trading today, a tenth of the June contract volumes. In terms of holders, the surge in retail interest in recent weeks -- as illustrated by the USO ETF which now represents 30% of the June WTI contract open interest -- suggests that retail positions (in outright WTI contracts rather than systematically rolling products) were likely still long May WTI contracts into this week and now forced sellers (consistent with the sell-off accelerating in the 30 minutes ahead of the close and the sharp rebound that followed). regardless, we shall see in the days ahead.

https://twitter.com/AlextheCastle90/status/1252424623972421633 https://twitter.com/kenningtonsays/status/1252431602929381376 ******************************************** the South Korean Won has taken a hit on the news so it would be logical for them to deny it. South Korea Denies North Korean Leader Kim Jong-Un Is ‘Gravely Ill’ As Speculation Mounts

i see speculation that a lot of mom and pop day traders are the ones left holding the bag. of course there will be a number of professionals too, the ones who thought they were smarter than everyone else. regardless, we should know some of who the major players that got caught were in the next few days or so.

how else did you expect them to launder their ill gotten gains?

papers please... where have we seen this before?? oh... right... Chile to issue world's first 'immunity passports' to people who have recovered from coronavirus Chile is expected to issue the world’s first “immunity passports” to people who have recovered from the coronavirus, marking them exempt from quarantines and other restrictions. The so-called immunity passports would allow those who have recovered from the coronavirus or tested positive for the presence of antibodies to return to work and help reopen the country, The Washington Post reported. Paula Daza, an undersecretary in the Chilean Health Ministry, said more than 4,600 people are already eligible for the digital or physical cards. Residents can apply for cards and be tested for antibodies if they haven’t shown symptoms for the disease, as authorities vowed mass testing would be available. ... Montana County Demands People Wear Government-Issued Arm Bands To Do Business In what might be one of the most over-the-top and draconian responses to coronavirus yet seen in Montana, Valley County is mandating that people wear government-issued pink arm bands in under to purchase products inside of stores. The measure, enforced by the Valley County Health Department, insists that store-owners keep customers out unless they have the pink arm-bands, which denote the customer has been in the area more than 14 days and submitted to quarantine protocol. According to the flier produced by the Valley County Health Department, out-of-towners who lack the government-issued armbands will be prohibited from stores and residents are notified to call law enforcement if they do not comply. The health department even issued a script to warn customers to flee, saying, “You are violating our Governor’s and Valley County’s Health Officer’s orders. I am happy to shop for you with curbside delivery. I will get the items for you and bring them to your car. If you don’t cooperate, you will force me to call law enforcement.”... ...

lol. rushing a probe that has been going on for two years. you guys are in for a world of hurt, you were caught.

thread https://twitter.com/RogerDiwan/status/1252324705291374592

you might want to line it with some 6 mil black plastic. while PT lumber no longer contains arsenic and is considered safe for raised beds, it still is a good idea to line it, imo. digging up my beds from '06 the plastic is still there and hasn't really deteriorated.

there is a small possibility here is that it is a long squeeze. if it is indeed, the shorts may be waiting for the bankruptcy courts to settle. however more than likely it is because the players are paying them to not take delivery because they have nowhere to put it. interesting times to be sure.

you are correct. long day here and though i know better, i just saw the red. let me edit my post. thanks. if i come across articles regarding this, which i'm sure there will be plenty, i will post.

i thought i started that thread but looking through my topics started, i don't see it. not sure what the archiving mechanism is with regard to this forum, but this thread should do. i find it hard to believe that with everything that is going on in the world, this thread is not active, at all. myself, i am redoing the greenhouse, hell not redoing, i am building a new one and expanding the garden. might have killed my grape vines by cutting them back too far last fall, dunno but i am not seeing any new shoots so far. that would suck, they were about five years old and very productive. anyone doing anything this year? i know i can't be alone. come on, let's hear what your doing.

thanks for the shout out, TPS. at market close, the price was, -$32.14. it has rebounded in after hours trading to where it stands right now at, -$15.60. this is the last day of May trading, not exactly sure when the time is but come tomorrow we will be trading June delivery. if you have a May contract, your most definitely in the hole. how many bankruptcies are we going to see because of this? shorts are making a killing. of course the DOW was down for the day most likely because of the precipitous oil drop. it is going to be interesting to see where oil goes from here because there is literally nowhere to store it. you just can't plow under raw crude without having massive fines, lawsuits and environmental cleanup costs. the contracts out through to Jan '21 are all in positive territory right now, from $21.25 for June delivery to $33.11 for Jan '21 delivery. the coming week is going to be an interesting watch, not only for oil but the DOW and S&P. back below 20K and 2500 respectfully?

thanks. it does appear that there is a slight discrepancy between what is taken in and what is doled out to the NYC region.

of course you do. the propagandists would have it no other way. not a slam against you.