Gold, Oil & Indices (Equity & Bond Indices)

Good luck. I'd say we see some huge breakout to the north soon...

i shorted gold at 1123 then shorted again at 1127.5

This is for those of you interested in long-term oil prices, this is possibly a very significant development:

Researchers at the University of Texas at Arlington announced that they have developed a breakthrough and clean way to turn the cheapest kind of coal-lignite- into synthetic crude. "We're improving the cost every day. We started off some time ago at an uneconomical $17,000 a barrel. Today, we're at ... $28.84 a barrel," Rick Billo, UTA's dean of engineering, told an Austin television reporter.

Texas lignite coal sells for $18 a tonne. The coal conversion technology uses one tonne of coal to produce 1.5 barrels of crude oil. One barrel of crude produces 42 U.S. gallons of gasoline. In other words, $18 worth of coal yields 63 gallons of gasoline: 0.28 cents a gallon. A prototype refinery is slated for completion by the end of the year:
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/texas-university-has-eureka-moment-for-coal-to-gas/article1502823/

allo pronto

i am not gonna touch gold for a while, it seems unclear at the moment