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It is, the futures is a joke, and are out of whack...it especially with the low interest rates.Originally Posted by olympic
demand was always high in the united states for oil, we just see the price keep going up, the problem is that they are taking advantage of the free market, paying off betters to raise the price of oil to make these ridiculous amount of profits. It's a game and we're stuck in the middle .. all of us.
The margin needs to be raised, because right now it is cheap to borrow cash and buy oil, silver, or gold without having to put a large portion of your own capital into it.
The Metals Exchanged has raised the margin on silver trades twice and is going to do it a third time, making you, the investor, put in much more of your own money before you can put in borrowed cash. Guess what it got hammered
I personally dislike Jim Cramer and most of the jackass' that give stock advice on CNBC (al they do is talk up or down their positions), but I agree with him here... News Headlines