You're talking at different scale. That TOO I expect that the day aft LD is going to be bullish! I'm more interested in DOE and API. You've some source, I remember? What's your forecast for the figures. High on inventories? Do you think the result alone will be enough to take us to 71?
I repeat! It's BP Capital...British Petroleum Capital...NOT Barclays! The oil company BP has an investment arm...BP Capital. So tell me...will these alternate fuel cars reach Pakistan, India, Indonesia, China, Russia, Bangladesh - bulk of the world's population in the nest five? I don't think so!
Do not invest anywhere based on this assumption. :) And btw, WHO are the largest alternative energy investors? These big oil companies. Do you REALLY believe they are serious about losing their bread & butter (oil) when they've already invested SO much in finding and drilling oil blocks as early as the last ten years and as afar as the next ten? Do you really think they'd give up GoM, Carabobo & Tupi in favor of some alternte fuel...w/ lesser sales...and lesser money? Surely not!
Nothing in the financial world is untenable! When oil was $25, we didn't think it would hit 50! When it hit 50, we didn't think it would reach 100. When it broke through 100, we didn't think it would reach 150. When it peaked at 147, we didn't think it would collapse to 33. So what makes you think we can't have 200 (not that I agree - it's plausible though)! And in NONE of the above cases did the world machinery cease to function. Things happen...and will continue to happen.
Today's is the fifth financial crisis to have occured - G. Depression, oil shock, tech blast, oil again & mortgage crisis - and will continue to occur. The problem is that we dumb humans forget...and get into it again! You think another crisis isn't in the offing? :)
Just stay easy and make your money either side - $30 (short) or $200 (long). We're waayyyyy too small to worry about the world demand & supply of oil!
And her, T. Boon Picken (head, BP Capital) also said oil would reach 300 in ten years! So let's take an average and settle on $150 again. So that would give ud 150 - 68 = $82 in profits. This is money which is yours & mine.
BP made a great discovery in GoM a couple of days back...Venezuela's Carabobo oil block...and the Tupi in Brazil are SUFFICIENT to feed the world for the next thirty years.
Just because I am no analyst at Goldman or an oil economist at Exxon doesn't mean you guys should take me less seriously... :p
Before you go on and lecture me, I'd like to apologize for my outbursts. I respect you very VERY much and am really embarrassed...but I just can't stand unfairness. Even if I don't agree w/ Spec's opinions, I respect EVERY member of the Forum. And you JUST CAN't ask anyone WHY they don't trade? Perhaps their circumstances don't allow. But this guy just goes on & on & on...
You know I'm either passionate (about oil) or just making jokes. Please don't judge me on this episode. It was what Spec terms a 'shock to pull back...'.
Again, my apologies to you and the Forum & I'll try not to do this again.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
You're talking at different scale. That TOO I expect that the day aft LD is going to be bullish! I'm more interested in DOE and API. You've some source, I remember? What's your forecast for the figures. High on inventories? Do you think the result alone will be enough to take us to 71?
Indeed. Correction...
Sorry. I meant 'assumption'...not argument. Because I think it'll struggle beyond 68.70...
Whats your underlying argument for oil to test 70 or even 71?
I repeat! It's BP Capital...British Petroleum Capital...NOT Barclays! The oil company BP has an investment arm...BP Capital. So tell me...will these alternate fuel cars reach Pakistan, India, Indonesia, China, Russia, Bangladesh - bulk of the world's population in the nest five? I don't think so!
Do not invest anywhere based on this assumption. :) And btw, WHO are the largest alternative energy investors? These big oil companies. Do you REALLY believe they are serious about losing their bread & butter (oil) when they've already invested SO much in finding and drilling oil blocks as early as the last ten years and as afar as the next ten? Do you really think they'd give up GoM, Carabobo & Tupi in favor of some alternte fuel...w/ lesser sales...and lesser money? Surely not!
Your take on oil for the week? I know you're invested heavily in it...
What's your take on oil when the markets open tomorrow? I don't see it breaking 68.70 again! Will we see 66s during the week? Thanks!
Nothing in the financial world is untenable! When oil was $25, we didn't think it would hit 50! When it hit 50, we didn't think it would reach 100. When it broke through 100, we didn't think it would reach 150. When it peaked at 147, we didn't think it would collapse to 33. So what makes you think we can't have 200 (not that I agree - it's plausible though)! And in NONE of the above cases did the world machinery cease to function. Things happen...and will continue to happen.
Today's is the fifth financial crisis to have occured - G. Depression, oil shock, tech blast, oil again & mortgage crisis - and will continue to occur. The problem is that we dumb humans forget...and get into it again! You think another crisis isn't in the offing? :)
Just stay easy and make your money either side - $30 (short) or $200 (long). We're waayyyyy too small to worry about the world demand & supply of oil!
And her, T. Boon Picken (head, BP Capital) also said oil would reach 300 in ten years! So let's take an average and settle on $150 again. So that would give ud 150 - 68 = $82 in profits. This is money which is yours & mine.
BP made a great discovery in GoM a couple of days back...Venezuela's Carabobo oil block...and the Tupi in Brazil are SUFFICIENT to feed the world for the next thirty years.
Just because I am no analyst at Goldman or an oil economist at Exxon doesn't mean you guys should take me less seriously... :p
I think Inter was talking about a retirement home for himself, not for others... :p
Before you go on and lecture me, I'd like to apologize for my outbursts. I respect you very VERY much and am really embarrassed...but I just can't stand unfairness. Even if I don't agree w/ Spec's opinions, I respect EVERY member of the Forum. And you JUST CAN't ask anyone WHY they don't trade? Perhaps their circumstances don't allow. But this guy just goes on & on & on...
You know I'm either passionate (about oil) or just making jokes. Please don't judge me on this episode. It was what Spec terms a 'shock to pull back...'.
Again, my apologies to you and the Forum & I'll try not to do this again.
P.S. I feel much better now...