saifl

Options Trader: Thursday Outlook

In That case you should be against Phil davis as he is "Shorts" oil. That to me is Speculation.
I trash him not on a personal level. I trash him because he misinforms the public about how serious a problem we have with "peak oil".
I have been in this since $30 a barrel and I have heard all you guys explaining it away with Iraq war, China surge in demand, Weak dollar, refining capacity (lol that was freaking funny) and Speculation.
Do you know which was the best performing commodity from 2001?
It was Rhodium. 99% of the people who trade futures have not heard about it. Because it does not have a futures market. The Commodity bull market has just begun. Like Phil Davis and you it has many detractors which means we are still pretty early.
What do you think happened from 1970-1980? Gold went up from $35 to $850. Sure many called it a bubble after it was up 3X.
It went up another 8 fold after that!.
"Do you live in the United States?"
Yes.