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$53 OIL..........who wins, who loses.

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  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭
    So long King Abdullah. Don't let the door hit ya on the way to Purgatory.
  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    Russia is wins. They are converting their highly priced dollars (US Treasuries) for low priced gold. 20 straight months of reducing their Treasury holdings while their gold holdings continue to grow.

    Those that argue oil is Russia's largest income producer are correct. However, they forget that Russia has a very low national debt.

    S&P's recent extreme downgrade of Russia's sovereign rating fails to consider that Russia conversion of those high priced dollars to the cheap gold only strengthens their future fiscal position when the dollar tanks and gold goes through the roof. Selling high and buying low at the same time will prove to be a brilliant move.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭


    << <i>Russia is wins. They are converting their highly priced dollars (US Treasuries) for low priced gold. 20 straight months of reducing their Treasury holdings while their gold holdings continue to grow.

    Those that argue oil is Russia's largest income producer are correct. However, they forget that Russia has a very low national debt.

    S&P's recent extreme downgrade of Russia's sovereign rating fails to consider that Russia conversion of those high priced dollars to the cheap gold only strengthens their future fiscal position when the dollar tanks and gold goes through the roof. Selling high and buying low at the same time will prove to be a brilliant move. >>



    Heh, unless "the West" then, once all of Russia's money is in gold, goes ahead and starts selling their gold reserves to manipulate the price downward and squeeze them that way for a while until, with oil and gold both down for the count (the market can stay "irrational far longer than they can stay solvent) they finally cry "uncle" and start to behave.

    Liberty: Parent of Science & Industry

  • bidaskbidask Posts: 14,017 ✭✭✭✭✭


    << <i>

    << <i><< $53 OIL..........who wins, who loses >>

    Those who shorted oil at $53 are winners (at least at the moment). >>



    True. Unlike the other markets, at least oil is openly manipulated by a handful of players. >>

    Yeah like those damn feds.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • jmski52jmski52 Posts: 22,851 ✭✭✭✭✭
    Now that gold and silver are down from their high prices, I get to say, "yeah, but at least I'm paying less for gas!!"

    I paid $200 to get chains and a blade put on my yard tractor for the winter, and it's in the 40's & 50's - plus, we haven't had any snow since November. It's been worth it.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭


    << <i> $59 OIL..........who wins, who loses?

    Well, consumers of oil win, that list is large.

    Losers will certainly include those who leveraged investments into the boomtowns which caused wages and prices for many things to increase locally, while supply of labor housing, and goods was strained, in the Dakotas and elsewhere due to the boom. Regression toward the mean always hurts those who bet heavily that trends will continue in one direction, and borrow to do it. >>



    Back up to $59 today, the final trading day of April..

    Liberty: Parent of Science & Industry

  • DrBusterDrBuster Posts: 5,379 ✭✭✭✭✭
    If it gets close to $75/80 at end of day Dec 31 that will be just fine with me.
  • cohodkcohodk Posts: 19,129 ✭✭✭✭✭
    Will barely make it to 60.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Dare I ask whatever happened to the Glicker?
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    Hopefully in the witness protection program with a new name.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Hopefully in the witness protection program with a new name

    That makes it sounds like he sold someone out...wha haaapen?
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • bronco2078bronco2078 Posts: 10,225 ✭✭✭✭✭


    << <i>Hopefully in the witness protection program with a new name

    That makes it sounds like he sold someone out...wha haaapen? >>







    Go to the open forum I believe he is there

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Hopefully in the witness protection program with a new name

    That makes it sounds like he sold someone out...wha haaapen?

    Go to the open forum I believe he is there


    What's an open forum? image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • dpooledpoole Posts: 5,940 ✭✭✭✭✭


    << <i>What's an open forum? >>



    Ah, children.

    Don't they teach History in schools anymore???
  • streeterstreeter Posts: 4,312 ✭✭✭✭✭
    POM,

    Google is your friend. Remember dot net.

    They are in the dead pool for 2015 but you'll enjoy it for a month. Hold your nose real tight.
    Have a nice day
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭


    << <i>Will barely make it to 60. >>



    the world is awash in oil.. currently about 58, heading lower IMO, down below 50 again before finishing 2015 near 55

    Liberty: Parent of Science & Industry

  • cohodkcohodk Posts: 19,129 ✭✭✭✭✭
    before finishing 2016 near 55

    I probably fixed it for ya. image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,129 ✭✭✭✭✭
    $51
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • DrBusterDrBuster Posts: 5,379 ✭✭✭✭✭
    The hemi wins. Although it should be cheaper at the pump w/$50 oil. ~$2.65 around here.
  • OperationButterOperationButter Posts: 1,672 ✭✭✭
    Just filled up at chevron in San Diego @ 4.39 for the lowest grade. Where are my cheap gas prices?
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • cohodkcohodk Posts: 19,129 ✭✭✭✭✭
    You allowed yourself to be robbed. Gas throughout CA is in the mid $2 range.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    yeah, save money, drive to Fresno to fill up image

    Liberty: Parent of Science & Industry

  • OperationButterOperationButter Posts: 1,672 ✭✭✭


    << <i>You allowed yourself to be robbed. Gas throughout CA is in the mid $2 range. >>



    San Diego didn't get the memo
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • OperationButterOperationButter Posts: 1,672 ✭✭✭


    << <i>

    << <i>You allowed yourself to be robbed. Gas throughout CA is in the mid $2 range. >>



    San Diego didn't get the memo >>



    National average $2.77. San Diego average $4.22.
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Supply and demand at work in America's Finest City

    Liberty: Parent of Science & Industry

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