2025 Lunatic Fringe - Market and Trade Chat

[pmbug]

 

[JayDubya]

That's a pretty astounding figure but the CME still holds the right to cash-settle, regardless of the buyers preference for delivery so that's exactly what they'll do. The size and nature of the order may still capture attention and cause some short-term movements or speculation but basically things will move forward as if nothing really happened just like any other day.

Let's hope more people (players is the metals markets) take notice and see it for what it really is.

 

[Voodoo]

How about the silver contracts for April?

 

[pmbug]

It looks like the open interest in silver is all in the May contract at the moment:

https://www.cmegroup.com/markets/metals/precious/silver.volume.html

 

[pmbug]

 

[Voodoo]

Man that was a Huuuge Gold trade. 106,000 contracts is over 42 Million OZ of Gold. Ie, let me count the zeros. 132 BILLION dollars. That is only central bank or Warren Buffet territory.

 

[pmbug]

 

[Voodoo]

Shenanigans, more shenanigans.

 

[Voodoo]

Here is Rafi's video today where he noticed this and showed that it mostly went away today. Platinum also had a big trade where silver was pretty muted.

 

[pmbug]

 

[pmbug]

 

[pmbug]

 

[pmbug]

...
Some goods will not be subject to the Reciprocal Tariff. These include: (1) articles subject to 50 USC 1702(b); (2) steel/aluminum articles and autos/auto parts already subject to Section 232 tariffs; (3) copper, pharmaceuticals, semiconductors, and lumber articles; (4) all articles that may become subject to future Section 232 tariffs; (5) bullion; and (6) energy and other certain minerals that are not available in the United States
...

Fact Sheet: President Donald J. Trump Declares National Emergency to Increase our Competitive Edge, Protect our Sovereignty, and Strengthen our National and Economic Security

PURSUING RECIPROCITY TO REBUILD THE ECONOMY AND RESTORE NATIONAL AND ECONOMIC SECURITY: Today, President Donald J. Trump declared that foreign trade and

www.whitehouse.gov

 

[Viking]

Fact Sheet: President Donald J. Trump Declares National Emergency to Increase our Competitive Edge, Protect our Sovereignty, and Strengthen our National and Economic Security

PURSUING RECIPROCITY TO REBUILD THE ECONOMY AND RESTORE NATIONAL AND ECONOMIC SECURITY: Today, President Donald J. Trump declared that foreign trade and

www.whitehouse.gov

What about adult toys?

 

[Voodoo]

I see that Gold, Copper, Lumber and other things are exempt. One Glaring Exception.... That list said bullion so who knows.