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  • OPEC Wants Less Speculation on Oil Futures [View article]
    Live with leverage, die by leverage.
    Feb 01 09:42 am |Rating: +1 0 |Link to Comment
  • Oil Price Economics the 60 Minutes Way [View article]
    Perhaps you dont know about the Enron loophole that Graham put in or that the price of oil started to drop when the senate hearings started.
    If you dont know how prices get manipulated by these investment banks and their analysts then you missed the nineties or didn't trade then. Call Henry Blodgett, he will explain. The only difference is that the commodities exchange has looser margin and short requirements so it was easier to run these up, like gold..And dont forget 40 to 1 leverage. Yes Wall Street has their fingerprints all over this one.
    Jan 12 08:23 am |Rating: +11 0 |Link to Comment
  • 60 Minutes on Oil: Did Anyone Verify Anything? [View article]
    If you believe that oil is worth anything over $50, you were probably also buying AOL over 100 and trying to justify that too.
    If you cannot see a speculative bubble as it occurs you will lose all your money. The ETF changed the oil game and the collapse will insure that the same players will move over to something else.
    Like the new carbon exchange market.
    Jan 12 08:02 am |Rating: +18 -18 |Link to Comment
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