Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Posted: Fri Jul 11, 2008 5:29 am Post subject: Oil back up to 145
And just like that the losses of the 3 day dip have been erased.
Anybody want to admit to being credulous enough to buying short positions when oil was down to 135?
Like I wrote before - there are 100 visible reasons why oil will go up.
Can anybody name 5 reasons that oil will go down? _________________ Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
Posted: Fri Jul 11, 2008 5:50 am Post subject: Re: Oil back up to 145
Cashmere wrote:
Can anybody name 5 reasons that oil will go down?
1. Economic recession
2. New capacity coming on line
3. Every new car bought uses less fuel than the one scraped
4. If there is no strike in Brazil
5. Is the EU/Iran-talks on nukes is successfull
I still believe you are right though, the price will go further up, but I’m far from sure _________________ Me Tar sands, you Jane
Joined: Oct 23, 2004 Posts: 5928 Location: New Jersey
Posted: Fri Jul 11, 2008 5:55 am Post subject: Re: Oil back up to 145
The pending collpase of mortgage giants, Fannie & Freddie, marks the beginning of the next wave of dollar debasement.
The first one started last November with a major change in Federal Reserve policies. The second one probably starts today as the government assumes trillions $s in mortgages, plus many trillions $ more in derivatives.
Due to these monetary/fiscal policies, eventually we will look back and see $145 as just a short stop on the way to a much higher price. _________________ It's already over, now it's just a matter of adjusting.
Posted: Fri Jul 11, 2008 6:03 am Post subject: Re: Oil back up to 145
Here is the real question that people on here seem to dance around a bit. What is a good place in which to put money so that I can profit from the coming run-up in oil prices? Do I go for oil company stocks, oil service company stocks, natural gas stocks, maybe an ETF like symbol "OIL" or what?
Posted: Fri Jul 11, 2008 6:18 am Post subject: Re: Oil back up to 145
TreeFarmer wrote:
Here is the real question that people on here seem to dance around a bit. What is a good place in which to put money so that I can profit from the coming run-up in oil prices? Do I go for oil company stocks, oil service company stocks, natural gas stocks, maybe an ETF like symbol "OIL" or what?
TF
I always recomend people to:
"buy on the rumour and sell on the news, do the opposite, do both or do neither depending on which way the wind is blowing" _________________ Me Tar sands, you Jane
Joined: Oct 18, 2004 Posts: 2124 Location: kiwibush
Posted: Fri Jul 11, 2008 6:27 am Post subject: Re: Oil back up to 145
Olle wrote:
Cashmere wrote:
Can anybody name 5 reasons that oil will go down?
1. Economic recession
2. New capacity coming on line
3. Every new car bought uses less fuel than the one scraped
4. If there is no strike in Brazil
5. Is the EU/Iran-talks on nukes is successfull
I still believe you are right though, the price will go further up, but I’m far from sure
Nothing short of imminent catastrophic mass death will convince the current generation of indoctrinated consumers that the era of oil is over.
And you can rest assured, that time is close at hand and there's nothing you will do to prepare for it given your above predicament likewise I, and most of humanity. Apart from the very culprits responsible for our predicament and who ironically, have the means to outlive us lesser mortals. _________________ Bugger me, I hear oil's runnin out mate!
Joined: Sep 03, 2007 Posts: 639 Location: Sunny Virginia, USA
Posted: Fri Jul 11, 2008 6:30 am Post subject: Re: Oil back up to 145
TreeFarmer wrote:
Here is the real question that people on here seem to dance around a bit. What is a good place in which to put money so that I can profit from the coming run-up in oil prices? Do I go for oil company stocks, oil service company stocks, natural gas stocks, maybe an ETF like symbol "OIL" or what?
TF
I'm not too worried about maintaining financial wealth in the banks or stock as that can dissapear overnight. I'm putting it into things that have real value. Some of those things can be confiscated by decree, but most of it would not be considered valuable or worth the effort to try to steal in the eyes of the government.
For my money, I'm putting it into:
=======================
Bicycles (electric and normal)
House improvements
Gardening, tools, seeds
Books
A new rifle
Metals (copper coated lead being the primary investment metal).
For my mind:
=======================
Learning to garden and save seeds
Learning skills of the past
Keeping up with my employer's needs, for now
For my time:
=======================
Whatever is needed to accomplish the above
Finishing my degree (3 classes left)
Getting to know the neighbors better
Talking to people willing to share ideas and listen to mine
Getting politically active on the local level
Now if I had read David Ramsey's book The Total Money Makeover 20 years ago and was sitting on a wad instead of my remaining debt which is being paid ASAP, I'd do what most investment people say.
32% in cash equivalents (metal, stocks, bonds, etc)
32% in low to moderate risk
32% in moderate to higher risk vehicles
4% hidden in the mattress (my addition to the mix)
Every year adjusting the money made so that each piece is once again at it's proper percentile. I would also endever to make sure at least half of it could be liquidated and wired to my bank in short order.
Each peice is broken up into various vehicles of investment with proper stop-losses on the high risk ventures. There is no single safe place to put your money, IMHO. In these trying times, it's even more uncertain. _________________ When somebody makes a statement you don't understand, don't tell him he's crazy. Ask him what he means. -- Otto Harkaman, Space Viking
Joined: Jun 20, 2008 Posts: 67 Location: Quebec/Ottawa, Canada
Posted: Fri Jul 11, 2008 6:38 am Post subject: Re: Oil back up to 145
Woah ! Speaking of currency debasement, gold just shot up from 950-960 in the last half-hour. It was 930 just over 24 hours ago and 920 48 hours ago.
Perhaps this is related to the news that gov't might have to take oer FRE and FNM and shareholders might get nohting. Will be interesting to see the stock market reaction today.
I see gold goes up at 8:00-8:30 EST or so last few days.
Posted: Fri Jul 11, 2008 7:11 am Post subject: Re: Oil back up to 145
Olle wrote:
Cashmere wrote:
Can anybody name 5 reasons that oil will go down?
1. Economic recession
2. New capacity coming on line
3. Every new car bought uses less fuel than the one scraped
4. If there is no strike in Brazil
5. Is the EU/Iran-talks on nukes is successfull
I still believe you are right though, the price will go further up, but I’m far from sure
1. Economic recession
Already going on.
2. New capacity coming on line
Nothing can come on line to offset current declines - not even those that are postulated already.
3. Every new car bought uses less fuel than the one scraped
Not quickly enough. Only a few non-hydrid U.S. cars currently made get more than 35 MPG - too late.
4. If there is no strike in Brazil.
The non-incidence of bad things is Bearish? Seems a bit empty.
5. Is the EU/Iran-talks on nukes is successful.
?
Like I said, nothing on the horizon is bearish. _________________ Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
Posted: Fri Jul 11, 2008 7:37 am Post subject: Re: Oil back up to 145
Cashmere wrote:
Olle wrote:
Cashmere wrote:
Can anybody name 5 reasons that oil will go down?
1. Economic recession
2. New capacity coming on line
3. Every new car bought uses less fuel than the one scraped
4. If there is no strike in Brazil
5. Is the EU/Iran-talks on nukes is successfull
I still believe you are right though, the price will go further up, but I’m far from sure
1. Economic recession
Already going on.
2. New capacity coming on line
Nothing can come on line to offset current declines - not even those that are postulated already.
3. Every new car bought uses less fuel than the one scraped
Not quickly enough. Only a few non-hydrid U.S. cars currently made get more than 35 MPG - too late.
4. If there is no strike in Brazil.
The non-incidence of bad things is Bearish? Seems a bit empty.
5. Is the EU/Iran-talks on nukes is successful.
?
Like I said, nothing on the horizon is bearish.
The you KNOW the future and you KNOW how to make money out of it. Lucky you... _________________ Me Tar sands, you Jane
Posted: Fri Jul 11, 2008 7:57 am Post subject: Re: Oil back up to 145
jlw61 wrote:
Now if I had read David Ramsey's book The Total Money Makeover 20 years ago and was sitting on a wad instead of my remaining debt which is being paid ASAP, I'd do what most investment people say.
32% in cash equivalents (metal, stocks, bonds, etc)
32% in low to moderate risk
32% in moderate to higher risk vehicles
4% hidden in the mattress (my addition to the mix)
I've read Dave's book and I also highly recommend it to everyone. As for your investment mix, I don't see real estate there anywhere. I would suggest that you drop "moderate to higher risk vehicles" totally and invest in real estate. Perhaps 50 to 70% of your wealth should be in real estate, all the other stuff is playing Wall Street's and Washington's game.
Posted: Fri Jul 11, 2008 8:53 am Post subject: Re: Oil back up to 145
Odds of Iran getting a serious kosher/US Air power spanking with a USN bitchslap on the side is 99.444% before October.We will see new record highs before we'll see oil under $130.
Posted: Fri Jul 11, 2008 9:29 am Post subject: Re: Oil back up to 145
Cashmere wrote:
1. Economic recession
Already going on.
2. New capacity coming on line
Nothing can come on line to offset current declines - not even those that are postulated already.
3. Every new car bought uses less fuel than the one scraped
Not quickly enough. Only a few non-hydrid U.S. cars currently made get more than 35 MPG - too late.
4. If there is no strike in Brazil.
The non-incidence of bad things is Bearish? Seems a bit empty.
5. Is the EU/Iran-talks on nukes is successful.
?
Like I said, nothing on the horizon is bearish.
Of course, one could similarly make one-line counterpoints for each of the 100 visible reasons you claim there are for why oil should go up.
All times are GMT - 6 Hours Goto page 1, 2, 3, 4Next
Page 1 of 4
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
News
Discussions
Resources
Members
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
