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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
unstable , with unstable production. I am still long on gasoline fut bought 771 now 721 and not going up. It was clear reasonably - not from chart astrology - that the raise was 100% speculative as there is by far not any demand supply mismatch. But it could come, in Europe because Lybian and Nigerian oil are most effective for cracking down to high octane gasoline.
Europe imports 80% of Lybian and Nigerian output. Today premium plus cost already EUR 1.65 per liter that is equivalent to 7.5 USD/gallon also premium and standard come from today on with 10% ethanol. So one should buy suger11 and corn, and oil sand stocks.
Now you can have a great day. I am glad I helped you for this.
Where have I said that?
I posted you exactly where I mentioned that I went short. It was in the morning yesterday.
Nothing more to add.