#1 Oil Bull now short

Discussion in 'Commodity Futures' started by dividend, Feb 21, 2008.

  1. $54.83
     
    #31     Nov 13, 2008
  2. :eek:..:(
     
    #32     Nov 13, 2008
  3. Election is over now. Hedgefunds have blown up.

     
    #33     Nov 14, 2008
  4. Time to go back up.. equilibrium reached and overshot.
     
    #34     Nov 14, 2008
  5. Yes, maybe... but now there are better trades than oil in my opinion.


     
    #35     Nov 15, 2008
  6. I concur, but commodities as a whole are my interest in this thread. The GSCI (Traded GSG) should be approaching equilibrium. Unfortunately the GSCI is weighted close to 50% in oil which I mentioned earlier seems to have overshot.

    The GSCI will be one safe haven in the phase coming after deflation. A nice hedge against massive inflation that occurs during every crash. This possibility is not being considered by the crowd yet. Everyone is calling for deflation at the moment.

    This fake interest rate the fed is trying to feed and distribute through the banking system, historically backfires as investors look for returns keeping up with real inflation elsewhere. The end result is the fractional reserve system reluctantly will have to raise rates rapidly and to double digits.

     
    #36     Nov 15, 2008
  7. $33.44 traded


    They said it could never happen.
     
    #37     Dec 19, 2008