Rep. Alex Mooney (R-WV) Is Demanding Answers from the CFTC on Gold Shortages

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This Week's Oil Crash Is a Warning to Speculators in Futures Markets



Gold prices are up 0.9% since last Friday’s close to bring spot prices to $1,720 per ounce. Silver shows a weekly decline now of 1.8% to trade at $15.13 an ounce as of this Friday recording. Platinum is putting off by 2.4% decline for the week to bring the per ounce price to $768. And finally, palladium looks lower this week by 6.4% and currently comes in at $2,074.

The metals complex showed relative stability this week as the oil market suffered a historic meltdown. West Texas Intermediate Crude crashed 70% at one point this week on the continuous contract, bringing prices briefly below $7 per barrel. By Thursday, prices were trading between $14 and $18 per barrel.




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