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  • G-20 officials discussed the threat to the global economy from rising oil prices, sources say, but the U.S. did not openly call for a release of countries' strategic oil reserves. On Friday, Geithner said the U.S. is considering a strategic reserves release as tensions with Iran push up oil prices.  [View news story]
    actually last year when US realeased SOR, price went from 94 to 89.80 then back to 95.. not 105 or 85... but agree on what u said about short-sighted
    Feb 26, 2012. 11:56 AM | 6 Likes Like |Link to Comment
  • The IEA consulted Saudi Arabia, China and India before it approved the release of 60M barrels of its emergency reserves, the agency's executive director says. Nobuo Tanaka adds that the release is meant to fill the gap in supply until higher crude volumes from Saudi Arabia reach the market.  [View news story]
    The other way to look at it: The current administration wants to have short term drop in oil before elections at the cost of burning 2M/bbl a day.
    Jun 26, 2011. 09:08 AM | 6 Likes Like |Link to Comment
  • The IEA consulted Saudi Arabia, China and India before it approved the release of 60M barrels of its emergency reserves, the agency's executive director says. Nobuo Tanaka adds that the release is meant to fill the gap in supply until higher crude volumes from Saudi Arabia reach the market.  [View news story]
    This will brings the classic debate about the saudis not having spare capacity. Remember that according to them, they were going to raise 1,8M barrels a day in July and now EIA went to market to throw 2M a day.
    Jun 26, 2011. 08:43 AM | 3 Likes Like |Link to Comment
  • Natural Gas ETFs and Contango [View article]
    totally agree.
    You have one of the commoditie laggards and you have to face contango every month (and the contango in months like november or december is huge) so is a losing game for UNG longs even if the underlying is going up.
    A good example of this is how USO tracks the crude oil bull market. meanwhile the conitnues CL contract grow 3x from december 2008 lows, USO not even double it.
    Jun 21, 2011. 04:20 PM | 1 Like Like |Link to Comment
  • Silver is plunging in early trading Sunday evening, -12.1% at $42.73. No particular news, but there is (make that was) a lot of air underneath the price. Ed Bradford at Full Carry notes the metal was trading 88% above its 200 day moving average. Gold is spared any damage thus far.  [View news story]
    margins hikes was a matter of time. It makes no sense that a product that can swing about 10% in a blink of eyes had 5/6% margin initial.
    May 1, 2011. 07:48 PM | 8 Likes Like |Link to Comment
  • Silver is plunging in early trading Sunday evening, -12.1% at $42.73. No particular news, but there is (make that was) a lot of air underneath the price. Ed Bradford at Full Carry notes the metal was trading 88% above its 200 day moving average. Gold is spared any damage thus far.  [View news story]
    May started, get a grip!.
    Now, seriously, Tomorrow will be a frenzy day, no matter what happened, if this sell is confirmed or a recuperation by the floor market occurs..
    May 1, 2011. 07:39 PM | 4 Likes Like |Link to Comment
  • Following weeks of protests, Syria lifts its emergency law. The law, in place for nearly 5 decades, effectively suspended constitutional protections for citizens.  [View news story]
    how can an emergency last 48-years!
    Apr 19, 2011. 12:53 PM | Likes Like |Link to Comment
  • Market recap: Stocks followed oil prices higher, continuing the "strange, positive correlation" between equities and oil. The financial sector fell again, after the group failed to sustain a rally yesterday, but techs were lifted by Riverbed's upbeat report. The Fed Beige Book had little effect. Crude oil moved above $107; Treasurys rose. NYSE advancing issues slightly outpaced decliners.  [View news story]
    Why the need to labeled everything as correlated when obviously there isn't such correlation. Why would stocks follow crude? just because both rallied a little bit in the same hour? What about the rest 23hs that the stocks and crude doesn't have any correlation.
    Apr 13, 2011. 11:25 PM | Likes Like |Link to Comment
  • The Risk of the Buy-Write Strategy [View article]
    The article is ok as a warning for those thinking writing is the holy grail, but, the two charts compared doesn't mean anything. Of course that if it is compared in a ramping bull market writing will lost against just plain buy n hold, of course that in a flat market writing its king and that in a bear market writing wouldn't save you any losses if you hold your buy. So you can try during the past 10 years finding points when writing wins or lost agains the buy n hold that you're comparing, depending on what kind of market you had on the interval.
    Apr 5, 2011. 10:14 AM | 3 Likes Like |Link to Comment
  • Breaking: Bank of Ireland (IRE -3.8%) will need €5B in capital, according to stress tests to be officially released tomorrow. The funds will likely come from the government, making it the majority owner of the bank. {Bloomberg}  [View news story]
    well, for now on...
    Mar 30, 2011. 02:14 PM | 1 Like Like |Link to Comment
  • Three-quarters of Americans say rising gas prices are making them defer spending, and more than 62% say they won't be spending generously until next year or later, according to a new survey. More are saying they're headed for discounters and dollar stores. (earlier: Wal-Mart and gas)  [View news story]
    This kind of impact (rising gas prices) is not that quick on Consumer confidence, so it will take a couple of months to cool off the momentum, if this will like it seems..
    Mar 21, 2011. 01:56 PM | 1 Like Like |Link to Comment
  • Crude futures are up almost 2% to $103 in early evening trading as investors keep an eye on a volatile Libya situation. S&P futures are +0.4% to 1279.50.  [View news story]
    When the markets wants to put a risk premium, fundamentals are taking aside for a while, no matter if saudis back up the libian quota.
    Mar 20, 2011. 07:08 PM | 1 Like Like |Link to Comment
  • Crude futures are up almost 2% to $103 in early evening trading as investors keep an eye on a volatile Libya situation. S&P futures are +0.4% to 1279.50.  [View news story]
    $103 is the value of the CLJ1 which is expire on tuesday, volume already migrated during thursday and friday to CLK1 which is currently $103,84 up about $2,30 and which doubles in volume to the old April contract.

    Given that the market end the friday with the ''cease-fire'' from kaddafi on the wires we may poised for a run to at least $105 and who knows during the week may be $110, as this weekend we have the confirmation that the libia issue will take long.
    Mar 20, 2011. 06:39 PM | 3 Likes Like |Link to Comment
  • Cullen Roche goes postal on the "Japan nears bankruptcy crowd," arguing anybody who tries to compare Japan to a debt-suffocated EU country knows little of what they speak. Disclaimer: Roche believes countries which issue their own currency cannot run of money with which to pay off debt.  [View news story]
    Meanwhile the market continues to buy Japanese Yen, there is no way they will default, they will just print. The same thing goes for USA, of course, after all that accumulation of years of issuing currency, inflation-commodities will jump eventually.
    Mar 17, 2011. 02:21 PM | 3 Likes Like |Link to Comment
  • Oil plunges more than $2 in minutes on a rumor that Gaddafi has been shot. WTI crude is now $7 off of its high from earlier today - $97/barrel. OIL -1.2%. BNO -0.5%.  [View news story]
    This looks pretty much like these days when we get wild swing when saddam was reported dead (I think it was on 2003, and until they finally catch it, 5-7 rumors were untrue). Needless to say what happen after the wild swings... We are 400 to 500% above those levels... Yeah, I know libia is not iraq in the crudeoil world, but still..
    Feb 24, 2011. 06:43 PM | 1 Like Like |Link to Comment
COMMENTS STATS
26 Comments
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