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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 13, 2010 22:52
Yes they are not very busy to quell the oil spill ... I mean every seabird drowned in oil is a loss for the whole world while every official less is a win for a country.
asad
London, UK
Posted Anonymously
14 years ago
May 13, 2010 22:45
Catnip,

Thanks for filling me in on this.

So this means that EITHER the current price has to increase $5 to match the front-end contract OR the front-end contract has to decrease by $5 BEFORE the end of this month.

Now, the million $ question (literally & practically) is WHICH of the two will happen! Cushings is gushing and the tankers are farting in the sea...so SOMEHOW 'situations' have to be 'created' for the current price to increase.

Boyssss...load up your long hauls - Friday games this time will be long... ;)


Asad
asad
London, UK
Posted Anonymously
14 years ago
May 13, 2010 22:42
GUnjack/Lucky,

I was posting from a remote computer - info not saved by default - so it came by as Bahamas. But hey, it's STILL better than Chloe being in Kazakhstan (no offence intended - only the sunshine comparison *winks*)!

Said, I laughed at the 'congrats bro you did it'.


Asad


P.S. Gunjack, I voted for Tory...NOT that they'll make ANY difference to the NHS, BA, deficits...what else?
Stationdealer
London, UK
Posts: 715
14 years ago
May 13, 2010 22:33
Call it what ever you want I think all this is damaging the reputation of a good old financial system. I Still dont see no reason in EUR selling or in GBP's case for these sell off, completely unfounded. I'm not selling at all and I remain Bullish here.

I do not see any joke in this, but how long till margin at these money manager vs financial brokers/hedge fund banks starts squeezing. It's starting to stink now! Another week like this and every one will be ready to pull the plug.

WAKE UP.......
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 13, 2010 22:03
Asad
I don't think it is legal yes I think it is done. The practice had caused the sharp drop in oil from 150 to 40 becuase it works only in contango. In backwardation those big guys couldn't sell futures. Suddenly there is an oversupply of oil and its still there.
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 13, 2010 21:37
thanks
montmorency
Abingdon, UK
Posts: 610
14 years ago
May 13, 2010 21:17
@Lucky You'll be lucky! -)
said
mulhouse, France
Posts: 2822
14 years ago
May 13, 2010 21:15
asad is it you ... to the bahamas?
congrat bro u did it.
Gunjack
London, UK
Posts: 1184
14 years ago
May 13, 2010 19:44
@Asad when did you move to the Bahamas??...whats the matter the tory govt and our amazing public services and infrastructure not good enough for you anymore??
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 13, 2010 19:22
i am waiting for a close below 1236 in gold to confirm bearish trend towards at least 1214 for tomorrow
cause asian session they are not moving gold higher
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