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filipo

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  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]
    Yes, I know, but not large enough to counterbalance the actual slump.
    Look, why don't you just face it:
    http://bit.ly/1zsQesE
    ??

    What is it that you want from me ?
    That I confirm what you like me to say, or that I tell you the truth ?
    Dec 17, 2014. 11:08 AM | 1 Like Like |Link to Comment
  • Bottom In Gold Likely To Be Below $770 [View article]
    WMARK,
    "Interestingly, they buy almost every part of the animal you can imagine. "
    It's because they EAT every part of the animal you can imagine.
    Dec 17, 2014. 05:50 AM | 1 Like Like |Link to Comment
  • GLD: Please Do Not Overreact - Part 1 [View article]
    Saw,
    The greatest car chase I ever saw was in Bullitt.
    McQueen was my hero, esp. in The Great Escape. His Climbing the hills with this Triumph Bonneville has inspired many.
    Did you ever see Chicken Run ? They mimmicked several parts of this movie on The Great Escape. It's rather funny.
    He died at the right time. He'll stay young forever !
    Dec 17, 2014. 05:46 AM | Likes Like |Link to Comment
  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]
    622,
    "It means there will probably be large supply shortages in the second half of 2015."

    As I said, the timeframe completely depends on when and how many major producers will leave the field.
    Right now, I see no sign of that. Prices still fall further down:
    http://bloom.bg/HbuGnA
    and don't bottom out yet.
    If you want to beleive they ARE bottoming, fine with me, but that's not the reality. Between the first time you said they were bottoming and now, the WTI came down from $60 to $55.
    And between $55 and $50 I'm sure you still will keep on repeating the same mantra and lose money.

    But you are right about one thing, once there are supply shortages, the price will rise again.
    I have no idea when that will be.
    Dec 17, 2014. 04:48 AM | 1 Like Like |Link to Comment
  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]
    622,
    "many new proposed projects were probably cancelled."
    So, you didn't mean actual production cuts then.
    With that I can agree, but that doesn't decrease the actual supply glut.
    Dec 16, 2014. 05:33 PM | Likes Like |Link to Comment
  • Bottom In Gold Likely To Be Below $770 [View article]
    Ari,
    "most analysts believe $200+B of it is locked up in sovereign funds that are illiquid, "

    HAve you proof of this ?
    Any reference to an article will do.
    Dec 16, 2014. 05:31 PM | 1 Like Like |Link to Comment
  • Bottom In Gold Likely To Be Below $770 [View article]
    hobart,
    Right, they have these reserves.
    And what's more, they can close their borders to prevent capital outflow.
    Capital outflows are a Russian disease.
    Already in the 19th cent rich Russians came to Southern France to buy chateaux and now they are in London.
    I expect them to get a come home call from Putin now.
    Dec 16, 2014. 05:28 PM | 1 Like Like |Link to Comment
  • Bottom In Gold Likely To Be Below $770 [View article]
    Ari,
    China not only increased production of beef, pork, chicken and veal, but for mostof these sorts of meat also increased it's imports, except from Australia.
    The EU jumped in and exports now to China what they formerly exported to Russia.
    I have a feeling that the Chinese import more now to purvey their brothers-in-need, the Russians.
    You can find all these things in this excellent report:
    http://1.usa.gov/1FQy1rq

    No Russian industry ?
    You're badly informed, or else denying reality:
    http://bit.ly/1qXPpGh

    "Why do you think they cannot even drill/explore"
    They can, but they want shared risks.
    Is the presence of British BP in the Bay of Florida proof that the US aren't capable of drilling themselves ? And what about Dutch Shell in Alaska ?
    Haven't the Americans the technology to drill themselves ?

    "their major companies into Bankruptcy b/c they all owe massive foreign debt"
    That's what they have Always done: not pay back their foreign debts. That's what they are best in. They did that under the Revolution of 1917 and they did that in 1999.
    Dec 16, 2014. 05:20 PM | 1 Like Like |Link to Comment
  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]
    622,
    USD dipped due to bad manufacturing PMI figures -that you didn't see- NOTWITHSTANDING cheap oil:
    http://bit.ly/1qXIVaF

    Oh, and then there's the loans to the shale oil industry that you didn't see either, not doing so well either:
    http://bit.ly/1qXIVaG

    "The dollar is down today, and gold is up, which are positive signs for oil prices."
    Yes, very bullish indeed: +0.05%
    http://bloom.bg/HbuGnA
    Dec 16, 2014. 04:49 PM | 2 Likes Like |Link to Comment
  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]
    622,
    Good luck with your linear thinking.
    Dec 16, 2014. 04:43 PM | Likes Like |Link to Comment
  • Bottom In Gold Likely To Be Below $770 [View article]
    WMARK,
    Thanks to the sanctions Russia can and will now live in complete autarchy, even if the ruble tumbles to 1% against the USD.
    Russians don't need to import things except fresh fruit and meat which they do now from China at domestic prices set in advance through a trade deal.
    They don't need to import energy or minerals. They have everything they strictly need.
    The only thing that will be curtailed are their fancy trips to the Côte d'Azur or to wherever they could go before. That kind of rising isolation will profit to Putin.
    Anyway, contrary to Brazil, Venezuela, Argentina, even Qatar and Saudi-Arabia and similar oil-producers who import large quantities of luxury goods and pay with a strongly eroding currency, I see no inflation danger for Russia.
    That's the difference between 1999 and now. In 1999 they were still dependent on the West for technology. Now they aren't.
    The only temporary problem they'll face is the lack of cash from energy exports and from capital outflows.
    But if they are smart, they close the open market FX, disabling the outflows.
    Dec 16, 2014. 09:38 AM | 1 Like Like |Link to Comment
  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]
    622,
    Yeah, sure, but the question is, when ?
    At $55, $50, $45, $40 ?
    My advice is wait until a few big weak supply hands have collapsed.
    Dec 16, 2014. 09:16 AM | Likes Like |Link to Comment
  • GLD: Please Do Not Overreact - Part 1 [View article]
    Saw,
    "he runs a mean ski resort though!"
    Does he still now ? He must be near 80.
    I probably must have mixed him up with Newman when I said he liked racing cars too. Memories sometimes get distorted. It definitely must have been Newman I had in mind.
    Was it Newman who once had this huge camper -actually it more looked like a oversized transformable bus- with which he trailed a car on a journey through the US ? It must have been a few years before his death in 2009 I read about that.
    You engaged me to go to Wiki and read all about Newman's car racing career. Didn't know he was that active: 2nd at the 24hrs of Le Mans in a 935. That's quite an achievement for an outsider. I'll always recall him as a very courageous fellow.
    Dec 16, 2014. 09:08 AM | Likes Like |Link to Comment
  • GLD: Please Do Not Overreact - Part 1 [View article]
    Saw,
    Yes, it's amazing how many stupid things we done when young. If I recall what I have been doing driving bikes, it's a miracle I'm still alive.
    Ironically, my real lethal accident came when I performed such a seemingly unharmful sport as volleyball at the age of 53 in the veteran league. Broke my left knee and it never came good after 3 operations.

    Isn't it weird that bank robbers got glorified in those days ? I mean, I liked that movie too, but if you consider it properly, it's pedagogical value can now be questioned. I think, since then, we got too many robbers, of all kinds, banksters included.

    I read somewhere that Robert Redford likes racing cars too ?
    Dec 16, 2014. 12:21 AM | Likes Like |Link to Comment
  • 8 Major Reasons Why The Current Low Oil Price Is Not Here To Stay [View article]
    622,
    Can you give me a reference of an article that says so ?
    Reuters or Bloomberg will do.
    Dec 15, 2014. 05:29 PM | Likes Like |Link to Comment
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