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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Light Sweet Crude ...
PostPosted: Sun Feb 07, 2010 3:57 pm Reply with quoteBack to top

Weekly close at 71.88 and still above the 200 period exp avg...but who knows?

It's gotta be better than FRNs.

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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Light Sweet Crude ...
PostPosted: Fri Mar 12, 2010 3:12 pm Reply with quoteBack to top

82.57 and it looks like it is breaking out.

Also, BKX looks like it is tempting a breakout...WTF...and SKF breaking down...hit low this a.m. at 19.92...hmmm?

PTB gotta be holding this sucker up until health care passes...maybe it is because Janet Yellen will be appointed Fed vice chair and she is yellen print more $...?

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There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
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pba20420
C-4


Joined: 04 Jan 2008
Posts: 1112
Location: Goodland, Kansas

Re: Light Sweet Crude ...
PostPosted: Fri Mar 12, 2010 6:02 pm Reply with quoteBack to top

No wonder the price of gas in Kansas has jumped 30 cents in the last week.

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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Light Sweet Crude ...
PostPosted: Wed May 23, 2012 5:42 pm Reply with quoteBack to top

we've got an 8 handle again for the first time in a-loooong-while

i figure 10 more bucks or so and the FED will be back in QE-greenlight-territory

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Light Sweet Crude ...
PostPosted: Thu May 31, 2012 3:55 pm Reply with quoteBack to top

$85 & change ...

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Light Sweet Crude ...
PostPosted: Fri Jun 01, 2012 3:14 pm Reply with quoteBack to top

Dunno what this means. Everything is so manipulated. Oil down to 83+, DOW down 200+, and gold up 50...WTF. TPTB are shaking all the trees and getting the sheeple to not know which way to run.

_________________
There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Light Sweet Crude ...
PostPosted: Fri Jun 01, 2012 7:01 pm Reply with quoteBack to top

dreamer wrote:
Dunno what this means. Everything is so manipulated. Oil down to 83+, DOW down 200+, and gold up 50...WTF. TPTB are shaking all the trees and getting the sheeple to not know which way to run.


I think today's action is based on the belief that the US is headed back into recession, so gold is replacing the dollar as the safe harbor trade (finally). Of course I believe that if we get away with "just" a recession, we should be dancing in the streets.

Every single stock I own is in the green today -- that's more rare for me than a sighting of an albino dodo bird

Dreamer - how are you positioning yourself going into the weekend? I'm holding on to all my gold/silver stocks, but I'm a bit worried about holding anything short in case someone decides to step in and do something helpful ...

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Light Sweet Crude ...
PostPosted: Fri Jun 01, 2012 7:20 pm Reply with quoteBack to top

bdc. I think U R correct about the MSM recession belief...but I agree with the guys that I follow that we never left the recession. I think Sinclair is correct that da bernank has no choice but QE to infinity (in bernank's mind).

That is why PMs are doing a moon shot. They never should have been beaten down so hard anyhow.

I went All into NUGT awhile back at 9.05. I'm holding on for now no stops.

_________________
There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Light Sweet Crude ...
PostPosted: Mon Jun 25, 2012 5:20 pm Reply with quoteBack to top

$78.60 ... getting into the FED's QE range

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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