Oil and precious metals reverse early losses, helped along by rallying stock markets here and in...

Oil and precious metals reverse early losses, helped along by rallying stock markets here and in Europe. WTI crude +1.4% to $104.42. Gold +0.6% to $1.682, silver +2% to $33.13. Natural gas hits another 10-year low, -1% to $2.10.

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Comments (3)
  • tonyeg
    , contributor
    Comments (172) | Send Message
    The price of WTI oil is going down to $70 a barrel. Why? The Saudi's explained in a recent financial times article on how they have plenty of spare capacity to cover any short term supply disruptions. How they have oil stored all over the world, storage facilities are 100% full. Israel is not going to bomb Iran on Obama's watch, the adminstration thwarted a spring attack by making it public. The Russians want to see Obama get re-elected due to their nuclear deterrent posturing, they will make sure there is plenty of oil supply out there, they are even helping Obama with Iran. After Romney solidifies the Republican party's nomination, Obama is going to go after the speculator's who have driven up the price of oil. Find a broker to help you invest a few thousand dollars on shorting oil you will be handsomely rewarded. Share this info with friends and family, help defeat the speculators who are drivng up the price of oil and hurting the world's economic recovery. FYI, Jim Cramer has said over and over the price of oil does not reflect supply and demand, it only reflects the greed of the oil speculators. Once the price of oil comes down the producers will only ship more to maintain their income, especially Iran.
    2 Apr 2012, 01:50 PM Reply Like
  • gh1616
    , contributor
    Comments (864) | Send Message
    First, I didn't vote that I liked or agreed with this post. Second your sources: a Saudi's FT article, & Jim "pump em' up" Cramer...........Pleas... Finally, Russia helping Obuma with Iran?? What is your source for this claim??


    And, you want readers/posters of an investment news site to share your opinion with friends & family to "help defeat the speculators"?? Do you have a clue who the speculators are?? Here's a basic-primer....its the futures market!!


    Light sweet crude & probably gas prices will come down but, it will be because of high inventory levels. That's only IF there are not further tensions or an outright attack. So you go right ahead & short. I hope your not the financial adviser for your friends & family!!
    2 Apr 2012, 08:41 PM Reply Like
  • tonyeg
    , contributor
    Comments (172) | Send Message
    Instead, Russia has called for a step-by-step process in which Iran would take steps to ease concerns about its nuclear programme and be rewarded with the gradual repeal of sanctions.


    As a first step, Ryabkov said, Iran could pledge not to introduce any more centrifuge machines in its enrichment facilities and the global powers would refrain from slapping further sanctions on Tehran.


    Here is my source:


    3 Apr 2012, 03:32 PM Reply Like
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