Options
Oil under $11/barrel
CaptHenway
Posts: 34,088 ✭✭✭✭✭
What will this do to metals?
Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
1
Comments
nothing so far.
are we having fun yet?
Have not seen any real movement in metals charts yet.... though the market for bullion seems pretty warm right now....Cheers, RickO
Only for May contracts and today is the last day of trading, June is 22.78 as I type.
I recall reading a short while back some writer saying that it's conceivable that oil could actually fall into a negative value. Suppliers actually paying buyers to load up their ships and take it off their hands.
Yes it seemed a bit preposterous at the time. However in this strange climate, it's conceivable that almost anything could be possible.
How this would affect metal prices i do not know, and i doubt if anyone else truly does either. For those who predict it right, it would simply be a lucky guess for the most part.
Thanks. That would explain it. Nobody wants to take delivery.
All I know is I can see farther and breathe easier when I step outside. All this lack of oil consumption and air pollution is working wonders for Mother Earth.
I must also confess it is nice filling up the tank at sub $1.00 a gallon. lol
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
All I know is I feel like I should be buying a bunch for long term.
How'd you get it for under a buck blitz, rewards points?? Lowest around me is in the $1.30s, and the no ethanol I put in the hemi is ~$2.50..
Lucky! It’s still $2.20ish here in tax-me-plenty Washington.
Had to exit the commonwealth across the boarder into Warren. Oh
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
sub 10 now
sub 9 now
$1.98 in central NJ. Filled my truck for 20 bucks! Peace Roy
BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW
sub-8
Anybody holding a May contact is so screwed!
sub 5
Ouch. The Clampetts are poor again.
sub 4
sub 3
Crude Oil
5.43
-12.84 (-70.28%)
This is astonishing, and i don't astonish very easily.
Perhaps those in countries which are so dependent on oil for survival, and their country is now in a state of imminent financial collapse, are going to buy as much gold and silver as they can?
That is if they have any money left.
sub 2
Crude Oil
2.6100
-15.6600(-85.71%)
In a blink of an eye from 5 to 2.
Looks like that SOB writer i mentioned earlier may turn out to be right. Realistically he's already right predicting it would go so low.
over $2.50 day low 1.02 lowest level ever
I wouldn't be walking under any oil company office buildings right now - may be some falling objects.
Crude Oil
1.2500
-17.0200(-93.16%)
Is this a Twilight Zone episode?
Crazy! What happens here in the U.S. if this sticks for any length of time? I know we are largely producing our own right now.
0.90 - day low
gasoline 0.7059 for a gallon
WTH? Anomaly? What a time I am living in.
Gold shines.
gas will cost less then what I paid when I was 16
new low negative 24 cents
sub -$1
sub -$3
sub -$4
sub -$6
sub -$7
Pretty cool for a clad quarter, i could now buy a barrel of oil.
i'll have to see if Walmart is selling any.
sub -$8
sub -$11
sub -$13
sub -$28
I nailed it at a dime!
My YouTube Channel
new day low -$40.32
trading now at -$37
trading halted at -$35.20
trading halted at -$36.76
new posts to end here, see above
Take that big oil, now you gonna be paying me to use gasoline. lol
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
If we all put in a few bucks we could buy a super tanker full of dat crude stuff.
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.
That was fun!!
Knowledge is the enemy of fear
And we thought negative interest rates were weird.
It’s ankle grabbing time!!!