Recent content by patbateman

a 30 dollar move up or down in gold isnt "insane" by any means. You will be hurt by this move up. i trade it every day...its going up despite other commodities lagging...despite dollar strength, despite CASH for GOLD and US MINT gold coins being hawked every day on CNBC. There will be a HUGE...

POH POH..please look at the chart. When a market makes fresh highs....its telling you something. Gold is only up 13% this year. why cant it double? The most important raw ingredient for success in trading is an open mind. Think big. The path of least resistance is higher. Gold to 2000 by...

Allen has mistaken me for this d!ckhead marcus halberstram. We both wear oliver peoples glasses and have a penchant for valentino suits......although i have a slightly better haircut. WTF is oil rallying for again overnight? crazy moves....

Surdo, nice short. Stupididiot.. i having luch with cliff huxtable at the Four Seasons. Dorsia after that.....if i can get a reservation. OIL to 85

HOLY SH!T . Terrible posting. covered 2 futures this morning around 91.30. egg all over my face, among other things. I do think we are in the final innings tho....

The recent runup was a result of a perfect storm-turkey,gulf storm, pemex , Iran sanctions, and a technical breakout on the daily chart...the market seems now to be exhausted fundamentally and technically....All i hear on TV is 100$ OIL.

Arnie , couldnt agree more. The quarter point cut is priced in fully. Equities , energy, and metals are all up while the dollar has been further trashed. The rate cut is priced into these asset classes and so i am looking for all to crack in the short-medium term. Who is left to buy?

CL trades to 89.52 after hours...5:15 ET

Wow only bullish responses....adding to positon right now...

This market still has massive spec long positions that have yet to be unwound. got short today at 91.70, looking to take half off at 85, other half at 80.......tomorrow will be telling as to where the market will finish off the year imo

we just saw a top in oil prices today. May the late longs be punished. Bernanke might not cut. The only issue tomorrow is the oil inventory numbers. If it comes out bullish and sells off i think we can assume we wont see 90 again this year.

Got out after it dropped from 77. I have been long since it found support at 73.50, but it obviously puked on Friday (7/28). I am obviously am still a bull on this trade. My perma-bullishness has blinded me from short term gyrations. Give it time. -I have to return some videotapes.

so we ended at the lows of 77. I am long over the weekend, banking on some news that Iran will enter the fray in the situatoin in the mid east. Low downside, good upside IMO. Buying the dips.......

intraday thus far, we touched the high of yesterday after some serious profit taking. Rallied 60 cents off the lows to 77.50 80 here we come.