Burticus

Today in Commodities: Quarterly Window Dressing

I am not a trader/analyst, only a humble country CPA who can read a map.

Rode oil from about 42 down, then back up to 66 this year where I snatched my chips off the table. Double long ETF did not perform as well as WTIC, which limited my gain.

Made a 1:1 leveraged side bet on silver in January at around 11.61 and still holding as of the Sept 30 close at 16.62 for a gain of 5 FRNs per ounce or 43%. Not a bad gain, but still sticking with my plan, waiting for the price explosion as the central banksters hasten the FRN's death march to the fiat graveyard then fiat Hell.

Accordingly, I must agree with the author that these were good plays.

Short silver?! Though there could be a dip, no way would I risk being short on October 25, when Israel is scheduled to attack Iran, which will also serve to distract from the currency vaporization from November into 2010.

Expect Recovery in Oil Prices - Barclays

How about somebody on S.A. addressing why light sweet WTIC is again trading at a 1.50 to 2.00 FRN discount to heavy sour Brent crude!

Smells to me like the usual foul stench coming from the direction of FedGovSachs, manipulating the markets again with their secret swaps, trading programs and the strategic petroleum reserve. I suspect the criminal syndicate insiders were positioned for this trade in advance, unlike the rest of us.

Disclosure: Long pitchforks, torches and hangin' rope.

Oil Bull Market: Fast and Furious

Remember, the current oil rally follows a 75% decline in price to around 35 FRNs, about half the price where oil was trading in the year prior to July 2008. This makes comparisons to prior rallies very tenuous. The recent unprecedented massive increase in the fiat electron currency supply by our central banksters adds a major currency debasement factor to the usual supply/demand fundamentals. Given the serious depletion of the world's major oil fields and limited exploration and development of deep water and alternative sources at today's prices, it is a virtual certainty that oil prices will rise to new heights in the next few years, despite the Great Recession.

While cautious in my current long position, I am certainly not ballsy enough to short oil at this point and definitely not in the long term.

Please spare me the whiney-cryey "blame the speculators" and "bad for the recovery" comments. Mr. Market will do what it will do and we will all live (or die) with it. If you don't like what you see, fire all elephants and jackasses before America becomes a fascist/socialist/comm... economic system under a totalitarian oligarchy.