Thread: Discuss Commodities and Stock Market Indices

Originally Posted by skinnypuppy

Ready for a spectacular drop in Brent oil? @ Fist of Zen

ready yet?

Originally Posted by skinnypuppy

ready yet?

Yeah high fives today for us oil and gold bears. But one day does not make a market, especially in these manipulated markets.

Get ready to buy back oil gold & silver again at lower prices.

its not much times i have seen that u gays have point in comment of cors that can happened,and the nice thing about that u gays are aroud when the BEARS is present.so.
q1are we going to see gold agian 1550 before we go down
q2 where is oil target stations to tank up
feedback is wc Thanks

Originally Posted by New Game

its not much times i have seen that u gays have point in comment of cors that can happened,and the nice thing about that u gays are aroud when the BEARS is present.so.
q1are we going to see gold agian 1550 before we go down
q2 where is oil target stations to tank up
feedback is wc Thanks

q1 Depends if gold cannot hold 1500 then it should quickly fall toward 1450. So watch 1500 and then the last major low of 1478 for a double bottom or not.

q2 As I said before I lowered my target for WTI from 91 down to the 200 DMA next which is ~85.

Market manipulation is effective only short-term and it ultimately backfires. So now I anticipate an even stronger snapback later. I am a long-term trader and expect these all will be higher next year than today, much higher. Lower short-term, higher long-term.

Flops happen before major takeoffs.

If this thing was really going to sink it would of declined for a week sucking us bulls in. Basically walked down to 1520-1510...then the hammer would of come down to 1460-80. This is a flop before takeoff not the start of a bear.

Originally Posted by Gregory McLeod

It's all a matter of timing.
I think you gentlemen are both correct. Gold could first push down to the $1429 to $1389 area before launching into the $1650 area. This is just my opinion.

HI Bunny,qwhat if dubbel bottem is,what if breaks or not

how cares as loung as i can walk with the trend
GD

shucks... goldman just went sell on oil.. maybe it's time to take profits?



http://www.zerohedge.com/article/fli...-after-cutting

Originally Posted by speculator84

Flops happen before major takeoffs.

If this thing was really going to sink it would of declined for a week sucking us bulls in. Basically walked down to 1520-1510...then the hammer would of come down to 1460-80. This is a flop before takeoff not the start of a bear.

Spec we obviously agree this is not a true bear, but how do you know this is over already in just one day instead of part of a lengthier corrective wave down? Testing 1478 is quite possible before reaching a new high.

The gold trade is not an express train one way. And a freeze in the chinese banking system, like we just got a small whiff of, would throw that train off the rails. Because a liquidity crisis is the antithesis to monetary debauchary. But chinese officials will do everything now to make it a banner year for the face of the outgoing leadership in 2012. Nevertheless any threat of a liquidity crunch will restrain gold. Also, deflationary forces still push back occasionally and when they do, big hedge funds dump anything liquid such as gold.

Obama Administration Taps Strategic Petroleum Reserve Releasing 30M Barrels of Oil - In order to reduce the cost of fuel going into the summer driving season, the White House has decided to release the 30 million barrels of crude oil held in the Strategic Petroleum Reserve.

We saw a a drop in WTI crude (USOIL) to below $90.00 a barrel before moving higher. Brent Crude is the target of the administration because Libyan Oil supply has kept Brent (UKOil stubbornly high. The raising of margin requirements which has driven out speculators from WTI contracts is not an effective tool on Brent crude contracts because traders can obtain lines of credit to trade this contract.

Originally Posted by skinnypuppy

shucks... goldman just went sell on oil.. maybe it's time to take profits?

Applies to other commodities too like last time? Have they yet recanted their "year of the dollar" call?

Originally Posted by Gregory McLeod

Obama Administration Taps Strategic Petroleum Reserve Releasing 30M Barrels of Oil

Brent Crude is the target of the administration because Libyan Oil supply has kept Brent (UKOil stubbornly high.

Remember how analysts first said that Libyan Oil supply was too little to matter?

I wonder if I joined the Gaddafi forces if he would let me borrow this pink outfit. I have a pink handbag which would look absolutely smashing in this and I can't find it in any stores

Originally Posted by Mary R

I wonder if I joined the Gaddafi forces if he would let me borrow this pink outfit. I have a pink handbag which would look absolutely smashing in this and I can't find it in any stores

Haha. that could be like your very own lady gaga moment.

Originally Posted by SkiBunny

Applies to other commodities too like last time? Have they yet recanted their "year of the dollar" call?

in two months they first went sell on oil and it gained 10 dollars. then they went buy and yesterday was the crown of that trade. yesterday they went sell. this is the only thing making me uneasy about my brent shorts.. otherwise the minimum h&s target for wti is 80 flat.

Originally Posted by Mary R

I wonder if I joined the Gaddafi forces if he would let me borrow this pink outfit. I have a pink handbag which would look absolutely smashing in this and I can't find it in any stores

you may have to kill some libyan people in return for his favor.