Posted on 05/05/2011 8:40:46 AM PDT by OrangeHoof
The price of crude oil has dropped sharply this morning with both Brent Crude and West Texas Intermediate Crude dropping over $4/barrel.
As of 11:10 EDT, Brent Crude has sunk $4.34/bl to $116.41 while WTI Crude has dropped $4.67 to $104.57/bl.
I never thought of that, but what you say makes perfect sense.
Margin Call Gentlemen.
Conversely, you could have an organization that now has individuals vying for control, and looking to make a name for themselves in order press their claim/s for leadership. This would likely lead to a short-term benefit where players realign within the organization, then the impetus to show an ability to generate results.
Let's face it, the Western World is a pretty target rich environment for a bunch of cave-dwellers. Given the propensity for many Americans to bury their heads into their Ipods/Ipads, most would never see it coming.
Complacency is the friend of the enemy. This is directly relative to the situation of America today. Too many people "not" paying attention to the incremental attack on America by the Left.
Silver getting destroyed. Down to $35/oz today after last week’s high of $49.
That’s a 28% drop in one week!
BUYING OPPORTUNITY FOR SILVER
http://finance.yahoo.com/news/Oil-prices-tumble-cnnm-2352323674.html?x=0&.v=1
The drop hasn’t translated into lower gasoline prices though. The national average price for a gallon of gasoline rose for the forty-fourth straight day to $3.985 on Thursday, according to motorist group AAA.
Lower crude prices usually translate into lower gasoline prices, but the effect is delayed.
Oil is now down an incredible $8.00 a barrel today.
Gold down $34.00 to 1481.00.
Hmmmmmmm.
Silver may have a ways to go on the down side before bottoming out. I’m thinking a drop to $25. Double dip recessions tend to take the wind out of everything, especially commodities.
Soros, Goldman, and the rest of the speculators are probably shorting the hell out of it at the moment.
You know that Obama wants nothing more than plunging gas prices just in time for the election. Just watch, they’ll bring it down to $3/gallon (or lower) by next summer and everyone will jump on the reelection bandwagon. Happy days are here again! Of course, nobody will have a job, but gas will be “cheap” once again.
Geithner said a few days ago that they were coming to the end of the current $600,000,000,000 lump of printing paper money in early June.
The Ivy League apparently rids its graduates of wisdom.
For a while {a few years} it was doing just that. They changed from a long time in-store on hand stockroom inventory policy to an On Time to store inventory system. The immediate result was products were being discontinued and their on hand inventory was greatly affected as well. Customers went elsewhere.
Only in the past month did corporation finally acknowledge their serious mistake or should we just call it Walmart rediscovers the old Walmart? Wal-Mart outlines new strategy
The truth is that people lobbed and bought politicians for years to create the bogus commodities market and it is I my right to lobby to take it away and or control it.
The truth is that people lobbed and bought politicians for years to create the bogus commodities market and it is a given right to lobby to take it away and or control it. That is what our country is all about.
I heard that Soros sold a bunch of gold, silver, and oil holdings.
I think that the drop in commodity prices (Including oil) is a clear indication that there will not be a QE3.
Without QE3 the White House and Congress will have to address the deficit very soon. The Treasury will not be able to find buyers for all of the bonds they are issuing as well as another $600 billion.
I expect a pull back in oil prices for a month or so (Similar things happened in early 2008, with a surge then a large correction in May, then record prices in July).
They were NOT saying I need 100 toasters delivered in 2 days; what's the price?
Just a simple correction in the markets. This usually happens in bulls.
When the bear comes, the crash will be 15% in a day.
He sold paper gold & silver, and of course he wouldn’t be holding physical oil...
probably trying to get the rubes to sell their physical gold so he could buy that up instead of the paper version.
Back before hand the big boys managed to cut the best, but secret, deals and the smaller oil purchasers got screwed. Nobody really knew what anybody else was paying.
I think in the end there will be a QE3 this summer, when the debt ceiling is raised.
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