120 calls are a better play than the lottery. Shorts are going to get steam rolled without protection. Likely see 120 in the next 2 weeks... The dollar is weak and there is no excess supply to pull price back. If IMF SDR's come to fruition prices will reach record highs almost instantly. Price will continue to march up until the dollar strengthens.
comments << On Tuesday NATO meeting may say 'as libyan govt air rides are continuing on opposition we are getting ready to limit Libyan air rides advances as situation warrants. Indicating destroing Libyan run ways if govt air rides start causing human casuvality. Knowing this Libyan govt so far using air rides to limit rebels advancement , not to kill rebels directly with air rides >>>> http://online.wsj.com/article/SB10001424052748703386704576185800310247010.html?mod=mktw Libyan govt ---------------- But government forces succeeded in stopping an advance by rebels on Sirte from their capital, Benghazi, in the east, and Monday's air strikes kept the rebels on the defensive. Col. Gadhafi's military is larger and better equipped than the rebels, but it faces the daunting task of having to dislodge rebels from heavily populated urban settings and in remote desert locations. The rebels have been strengthened by defections of soldiers with equipment. One retired Western military officer on the ground in Libya says the government could take out rebel positions in Zawiya, for example, about 30 miles from Tripoli, if it were ready to accept huge collateral damage and civilian deaths. It is unclear whether the government has the resources to mount such an effort in more than a few places. UN ----- The secretary-general urged Libya, in a telephone conversation Sunday with Libyan foreign minister Musa Kusa, to lift media restrictions and allow humanitarian organizations freedom of movement ," Mr. Ban's spokesman said. Mr. Kusa agreed to the immediate dispatch of a U.N. humanitarian assessment team to Tripoli, he said. US ----- Senior Obama administration officials said it would be difficult for the U.S. to enforce a no-fly zone without the direct participation of key North Atlantic Treaty Organization allies with major air bases near Libya, particularly in Italy. U.S. officials said NATO planners were meeting daily to prepare options for defense ministers scheduled to discuss Libya on Thursday. Sen. John Kerry, a Massachusetts Democrat who heads the Foreign Relations Committee, told "Face the Nation" the U.S. can do more to "bolster the opposition," but he offered no details. Mr. Kerry said the U.S. and its allies should plan for a no-fly zone but not implement it right away. Short of enforcing a no-fly zone, Mr. Kerry said the country's runways could be bombed to make it harder for Col. Gadhafi to use aircraft to attack the opposition.
How many markets can you simultaneously follow and trade in this manner? Not that you need to follow multiple markets since CL is a meal in itself, but I'm just curious.