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Hedge funds raise their bullish bets on oil, to the highest level in more than four years;...

Hedge funds raise their bullish bets on oil, to the highest level in more than four years; net-long positions climbed to a record. "It’s all about the dollar being debased," says one trader.
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Comments (5)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    Hedge funds were wrong at the top in '08, and they'll be wrong here. Consumers are under way to much strain globally to accommodate $100 oil.
    8 Nov 2010, 01:42 PM Reply Like
  • tunaman4u2
    , contributor
    Comments (3360) | Send Message
     
    Awesome, giving $ to the same people that jacked oil up to $150
    Economic recovery eh? HA!
    PONZI!
    8 Nov 2010, 01:46 PM Reply Like
  • User 353732
    , contributor
    Comments (5059) | Send Message
     
    First, Gold and other monetary metals began the long process of resetting their exchange rates versus the fake dollar.
    Then.\, copper, rare earths, other industrial metals followed; next come agricultural commodities and oil, with the lag is joining the marking down not just of the dollar as currency but the dollar as symbol of the US Regime.

     

    All internationally traded widely used commodities are now shouting the same thing: the world has no confidence in the dollar and the US Regime of Big Govt, Big Money and Big Media.
    Lying, cheating and scale ,on an epic scale, are finally being exposed.
    8 Nov 2010, 01:46 PM Reply Like
  • j_remington
    , contributor
    Comments (1343) | Send Message
     
    Hedge funds talking their book as they sell their oil futures contracts.
    8 Nov 2010, 01:55 PM Reply Like
  • kmi
    , contributor
    Comments (4525) | Send Message
     
    Oil is not a stock and it won't trade like one. $147/brl was an aberration; if these guys think the global crisis wasn't precipitated or helped along by an overblown oil bubble they are confused.
    9 Nov 2010, 07:51 AM Reply Like
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