Silver as an investment

Category Archives: Futures exchange

Bitcoin Futures Top $18,000, Soar 20% From Open – Halted for Second Time

Update: At 10:05pm ET,  the CFE halted trading in Cboe Bitcoin Futures (XBT), in accordance with CFE Rule 1302(i)(ii) which defines the threshold for the halt as a 20% surge. XBT will re-open for trading approximately five (5)minutes from the time of the halt. Bitcoin Futures have topped $18,000 for the first time… It was […]

Bitcoin’s Growing Price Gap Between Exchanges Creates Potential Headaches For Futures Trading

On Thursday, as the Bitcoin price made record high after record high, spiking to somewhere between $16,000-19,500, it was one of the top stories across mainstream media outlets, never mind Reuters, Bloomberg and the FT. However, what exactly was the all-time high for Bitcoin? Because of Bitcoin's growing "price gap", it depended where you looked. […]

ScotiaMocatta Put For Sale After Multibillion Money-Laundering Scandal

The world’s oldest gold trader is for sale after a massive money laundering scandal may have terminally crippled one of the most iconic names in the business. Canada’s Bank of Nova Scotia is exploring options for its gold business ScotiaMocatta, the Financial Times reported, which include a possible sale of Canada’s most popular precious metals […]

The Gold-Backed-Oil-Yuan Futures Contract Myth

On September 1, 2017, the Nikkei Asian Review published an article titled, “China sees new world order with oil benchmark backed by gold”, written by Damon Evans. Just below the headline in the introduction it states, “China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in […]

Commodity Carnage Crushes Trumpflation Hopes: “Everyone’s Nervous The Bottom Is Falling Out”

Another night of ugliness in Asia as the 'froth' is blasted out of the exuberant hot-money-chased commodity markets. Chinese steel and iron ore futures tumbled on Wednesday to the lowest prices in months as market sentiment turned bearish on the demand outlook. As Reuters reports, China's producer price inflation cooled for the first time in […]

Tumbling Oil Launches Record Options Trading As “800 Million Barrels” Change Hands

With oil’s recent somnolent, low-vol levitation at their back, the number of hedge funds and other speculators who were soothed by the gradual move higher and betting on the success of OPEC reflationary strategy, had recently grown to an all time high, as seen in the chart below showing the number of long net-spec positions […]

“Anything Can Happen” – Is Now The Time To ‘Fade The Fed’?

Via Kevin Muir of The Macro Tourist blog, Last week’s hawkish Federal Reserve guidance sent the front end of the yield curve for a tailspin. In the process, the odds of a March hike went from less than 50% to almost 100%. The movement in the Fed funds futures curve was swift and vicious. The […]

A Hint of Gold Backwardation – Rising Gold Scarcity

Last month, we noted that there could be a trend change in progress. Not only are the prices of the metals rising (which is just a mirror-image of the dollar falling, from 27.6 milligrams of gold just before Christmas to currently under 26mg). But the scarcity of gold as we measure it, using the spread […]