Monday, January 18, 2021

Tag: This Week’s Oil Crash Is a Warning to Speculators in Futures Markets

This Week’s Oil Crash Is a Warning to Speculators in Futures Markets

by Mike Gleason, Money Metals:

Hello again, and welcome to another edition of the Weekly Market Wrap Podcast, I’m Mike Gleason.

Well, just when you thought you’d seen it all in markets, this week brought something that was previously assumed by many to be impossible: a negative price for a physical commodity.

More on that in a bit. But first, let’s review this week’s market action in precious metals, which have been posting some positive gains since bottoming last month.