Recent content by Mundame

I do the grocery shopping, and I can tell you inflation is a LOT more than 2 -- 3%. :eek: "Core inflation": as far as I can tell, that means they select whatever isn't inflating hoping to lie the rate down.

I think another issue may well be all the saber-rattling going on re possible war against Iran. I read yesterday that Iran has just started stockpiling oil, whether against war or to mess with the market by stockpiling against a shutdown, I don't know, but that news from the Jerusalem Post...

Hum. Thanks, Rhino, that was a useful reminder definition. Basics are so important ------ I just read yesterday that an upward trend means higher LOWS, not just higher highs. I guess I was supposed to know that, but I had forgotten --- I immediately started analysing all my charts that way.

and Okay. I tend to lay it all to the weak dollar, but you two point out there are several things going on here (I do think speculators are part of it, however ---- hedging with oil against other trades). So there IS a problem with China and India coming on like gangbusters, and that...

Or.................... Oil and gas stay the same; they're just stuff. The dollar loses and loses value down to where you have to pay $67 for a gallon that today costs $4. Nothing is happening to oil: supply remains tight but adequate, no hurricanes, no unusual violence in Nigeria...

You wait and see which way it turns.......................... And hope your trade is going that way rather than the opposite. At least that's what I do. Okay, I use MACD divergence: if the lines are far apart, the trend may continue for awhile. It may not, too, but if I panic and...

Well said, Cygnus! :D

Hmmmmm, I put NOG onto my list, thanx...............was that 11.49 enough to call it an explosion, Stoney?

Travellingtrader's remarks opening this thread are close to Joe Lieberman's Senate hearing remarks TODAY --------- Lieberman is suggesting that commodities speculation be outlawed because of the wild price rises, notably in oil, which just hit 133 a barrel this afternoon, right? I've been...