Swiss Asia Capital's CIO on Gold, Oil

The video discusses the current state of global markets, highlighting tight monetary conditions and widening credit spreads. It examines the gold market, noting the impact of dollar strength and the mining sector's performance. The discussion shifts to oil, explaining how sentiment and the Shanghai market influence prices, with a focus on the shift of physical trade to the East.

Explain the relationship between the physical and paper markets for oil as discussed in the text.

What potential changes in the price mechanism are anticipated as the physical trade evolves?