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 Jun 06, 2008 4:05 pm Post subject: Re: Another Record ($139.16)
emersonbiggins wrote:
<snip> the rest of us, OTOH...
"When the game is over, the king and the pawns are returned to the same box"
Tankers don't grow on trees and they can not be built by analphabets - it takes loads of middle class engineers to get them built and running. The same goes for drilling rigs and refineries. And just about everything else needed to keep the wheels on this world turning. The interdependencies are not possible to chart or understand.
Posted: Fri Jun 06, 2008 4:17 pm Post subject: Re: Another Record ($139.16)
MacG wrote:
emersonbiggins wrote:
<snip> the rest of us, OTOH...
"When the game is over, the king and the pawns are returned to the same box"
Tankers don't grow on trees and they can not be built by analphabets - it takes loads of middle class engineers to get them built and running. The same goes for drilling rigs and refineries. And just about everything else needed to keep the wheels on this world turning. The interdependencies are not possible to chart or understand.
98,000 acres in Paraguay and satellite phones = autonomy, if you can get it.
The Rockerfellers and Rothchilds of the world won't be intermingling in the town square for the leftover crumbs. _________________ "It's called the American Dream because you'd have to be asleep to believe it."
Joined: Apr 06, 2006 Posts: 3626 Location: 3 miles NW of Champoeg, Republic of Cascadia
Posted: Fri Jun 06, 2008 5:03 pm Post subject: Re: Another Record ($139.16)
MacG wrote:
Tankers don't grow on trees and they can not be built by analphabets - it takes loads of middle class engineers to get them built and running.
Sweet, got a fancy new vocabulary word along with all this economic/geopolitical insanity. Thanks Mac!
Agree with Zar, too. The highest ups can only push things so far; don't think they're really on top of things either. They get to steer the ship, but if the iceberg's dead ahead...all they have in their favor is the insight to dress up as a woman/child/spaceman/Indian/sort of idealized vision of late renaissance man. _________________ Cogito, ergo non satis bibivi
C'mon man, who're you gonna believe?
Posted: Fri Jun 06, 2008 5:21 pm Post subject: Re: Another Record ($139.16)
[quote="TheDude"]
MacG wrote:
.all they have in their favor is the insight to dress up as a woman/child/spaceman/Indian/sort of idealized vision of late renaissance man.
I think it was posted on another thread and sorry for no reference... all they have left is Cultural Marxism. They pit us against ourselves. Blacks hate Whites, Chinese vs. Japanese and on and on. The concept of the proletariat vs. the establishment has been played in last century and now it seems they need a racial divide to keep the producing class from their throats. I'm not sure if that was where you were going so I'm sorry if I misunderstand your comment. You know, it's a surreal world when you live amongst such a concentration of illegal aliens and hate it but at the same time see them as your brothers... pulled from all directions... _________________ -Dac
Winners never quit and quiters never win, but those that never win and never quit are idiots.
Joined: Aug 13, 2005 Posts: 269 Location: Sydney, Australia.
Posted: Fri Jun 06, 2008 5:27 pm Post subject: Re: Another Record ($139.16)
woah. I went to bed last night, and oil was like $122-ish?, wake up today and oil is $138.54. If mere talk about war can cause a jump like this, what will an actual war do? I shudder to think.
But I thought you might like to know that the WSJ also came to the same conclusions we already had.
Who said the media will never get PO?
Quote:
Crude Leaps Nearly $11, In Fresh Hit to Economy
By NEIL KING JR.
June 7, 2008
At the same time, oil analysts say there are fundamental forces keeping prices high. Despite soaring retail prices, the demand for diesel -- the lifeblood fuel of the world economy -- continues to rise as consumers in places like China and Chile turn to generators to fill in for failing electricity grids.
The investment bank Morgan Stanley is predicting that prices will top $150 a barrel as the U.S. market -- which consumes nearly a quarter of the world's daily output -- confronts tightening supplies of crude. Oil stockpiles in the U.S. have fallen far below the five-year average, a report from the bank points out.
One factor leading to a crimped U.S. market: Persian Gulf suppliers are shipping increased quantities to fast-growing Asia, at a time when exports are falling sharply from two of America's largest suppliers, Mexico and Venezuela.
WSJ _________________ It's already over, now it's just a matter of adjusting.
Posted: Fri Jun 06, 2008 6:46 pm Post subject: Re: Another Record ($139.01) +ZOMG!+
chuck6877 wrote:
Damn, I'm eating some crow!!! I was WRONG.
I knew fundamentals were bullish but I thought we'd for sure have a larger pullback than $13.00!
One technical note:
When WTIC went to $135.09 it reached the highest above the 200 day moving average it had for this bull market as it went to 1.422 times the 200 dma
So what you're saying is that technical trading works... except when it doesn't??
Posted: Fri Jun 06, 2008 6:55 pm Post subject: Re: Another Record ($139.16)
MacG wrote:
Zardoz wrote:
It's all random. That's the scariest scenario of all, isn't it? That's what conspiracy theorists can't handle. That's what they're really afraid of.
I share this view. Everything I've seen and learned support it. It's beyond human capabilities to understand today's world.
Yes, there is a lot of secret manipulation by various powerful actors which have physical consequences, but the consequences are mainly unintentional. They don't understand the world they are manipulating.
+1. A belief that the men in the black helicopters/the Illuminati/the Rothschilds/whoever are running the world is akin to belief in the monster under the bed.
Posted: Fri Jun 06, 2008 7:04 pm Post subject: Re: Another Record ($139.01) +ZOMG!+
darren wrote:
So what you're saying is that technical trading works... except when it doesn't??
Worked fine for me. Inverted hammer, below 20d moving average, in an uptrend, followed next day by trading above the real body of the hammer->buy signal. Doesn't usually work out that nicely, but the signals were there. _________________ "So while you sit and whistle Dixie with your money and your power.
I can hear the flowers a-growin in the rubble of the towers.
I hear leaders quit their lying
I hear babies quit their crying.
I hear soldiers quit their dying, one and all." - OCMS
Posted: Fri Jun 06, 2008 7:15 pm Post subject: Re: Another Record ($139.16)
darren wrote:
+1. A belief that the men in the black helicopters/the Illuminati/the Rothschilds/whoever are running the world is akin to belief in the monster under the bed.
I agree as well. I think it's easier for people to accept conspiracies than it is for them to accept that the universe has no particular agenda and isn't conscious to work for or against us. As long as you have an enemy, you have an explanation.
The fact that there are as many opinions about what is happening as there are people is proof enough that no one person fully understands all the details. People get caught up in reviling or idolizing figures like Ben Bernanke or the White House, convinced that those entities really do have control over the economy and are going to destroy them or save them.
We have been so brainwashed by our societies that we really do believe that our way of life is normal and sustainable. It isn't -- what goes up must come down.
Joined: Apr 13, 2005 Posts: 3206 Location: St.Louis, Mo
Posted: Fri Jun 06, 2008 7:26 pm Post subject: Re: Another Record ($139.16)
darren wrote:
MacG wrote:
Zardoz wrote:
It's all random. That's the scariest scenario of all, isn't it? That's what conspiracy theorists can't handle. That's what they're really afraid of.
I share this view. Everything I've seen and learned support it. It's beyond human capabilities to understand today's world.
Yes, there is a lot of secret manipulation by various powerful actors which have physical consequences, but the consequences are mainly unintentional. They don't understand the world they are manipulating.
+1. A belief that the men in the black helicopters/the Illuminati/the Rothschilds/whoever are running the world is akin to belief in the monster under the bed.
You don't believe the central bankers control things ? Try this one.
Posted: Fri Jun 06, 2008 8:42 pm Post subject: Re: Another Record ($139.01) +ZOMG!+
smallpoxgirl wrote:
darren wrote:
So what you're saying is that technical trading works... except when it doesn't??
Worked fine for me. Inverted hammer, below 20d moving average, in an uptrend, followed next day by trading above the real body of the hammer->buy signal. Doesn't usually work out that nicely, but the signals were there.
I wish you'd have told me smallpoxgirl
I've subscribed to a couple guys for the last few years and read a ton of stuff, and I just know some basic things. I'm definitely an amateur that knows enough to go lose some money!!
Smallpoxgirl, what do you think will happen next?
Adam Hamilton is real big about the % above the 200dma and how it repeats itself.
I think 1.42 X the 200 dma may be a moving top for a while. We'll have to watch......
Did you notice that the oil stocks went down today?! They're correcting back to the 200dma, and it looks like nothing is stopping them(not even an $11.00 rise in the price of oil!).
Posted: Fri Jun 06, 2008 9:56 pm Post subject: Re: Another Record ($139.16)
.
I predicted a hight of 169$ this year , but Friday rise came as a big surprise , I thought there would be a stabilization at 120 ~130.
now it looks like 150 is there for the taking
one doesn't know anymore if it's crude price going north or the US $ going south .... or how much of either !
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