i think you confused the positions. reverse crack spread is a bet on a narrowing margin, so that would be buying crude futures and selling gas/heating oil, and vice versa for a long spread position
just wanted to say keep up the good work. news on these companies is generally hard to find and gather, and I really appreciate finding it all in one place.
Yeah this is total bs. Most painful moment of the past 3 months: being mega-short on financials the day before the surprise 50bp discount rate cut in late August.
I was celebrating my guaranteed massive gains at 2am in the morning when the Nikkei was down 6-7% overnight, and then bernanke had to cry uncle...
never have i seen the government reward stupidity and corruption on this scale, at the expense of prudent investors and savers
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Crude Oil = $98; Gold = $845 [View article]
I was celebrating my guaranteed massive gains at 2am in the morning when the Nikkei was down 6-7% overnight, and then bernanke had to cry uncle...
never have i seen the government reward stupidity and corruption on this scale, at the expense of prudent investors and savers