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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)
The Cartel is was consolidating its oil positions until the crash-bang of May 6 happened! And then a few bearish sessions followed. We all read hoe they've made huuuuuuuuuuge profits this Qr. They've started consolidating again (at least one biggie I know of).
If my source is correct, this would be the last time we'll be seeing early-70s for a long time. Lucky, I'm following EXACTLY your strategy. I've made my money in the months before - now I'll be buying all the way down to 70 (if it goes there i.e.), taking little positions...and consolidating for that 85-90 mark...
Asad
Now they've pushed it up this far, surely it's going to turn again and reach, and exceed, 1250 before very long.