Silver as an investment

Category Archives: Normal backwardation

Anticipating “VIX Shock”, Interactive Brokers Raises Volatility Margins

Even as the VIX has continued to plumb new all time lows, unable to rebound from the realm of single-digits where it has spent a record amount of time in 2017, warnings about a potential surge in the volatility index have been growing in recent weeks. Last week, in a note looking at what may […]

Oil Speculators Have Never Been This Long

Despite soaring rig counts, surging US shale production, and increasing doubts over OPEC/NOPEC cuts being sustained (albeit with Saudi jawboning)… Oil speculators have decided to add to their long positions in the last week, pushing the net position in futures to a new record high – above the 2014 peak from which crude collapsed.   […]

Raoul Pal Warns The Day Of Reckoning Looms For VIX Shorts: “Reminds Me Of Portfolio Insurance In 1987”

ubmitted by Patrick Ceresna via Macrovoices.com,   In a podcast interview on MacroVoices, Macro Guru Raoul Pal makes some comments on some of the biggest imbalances in the markets today.  He compares the VIX contango trade to the portfolio insurance problem that was blamed for the 1987 crash… they don't realize the rate of change […]

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 […]