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Indeed.

So are you including Japanese housewives in your core group of dip buying professionals??

With close to 351 million bbls. of crude in inventory nationwide I don't see backwardation anytime soon, but the contango is gone for now. Today's inventory report showed a draw in products which I think was the driver of the bullish move today, but we also saw a draw at the delivery point for...

Well the official kickoff of electronic options for NYMEX products has begun...but I see no bids or offers for any of the major strikes. Does anyone else have any information on this?

Sugar trades in cents per pound, so your gain is actually 5 one hundredths of a penny, not five cents. Sugar #11 is a 112,000 lb. contract, so your gain is $56 per contract. Your initial buy in price does indeed matter, as does the price that you close out the position at. The FCM will...

The July contract goes off the board on the 20th, which is Wednesday. Depending on your time horizon, the Aug may be better, but both should have very good liquidity and volume at this point. Below is a link to the NYMEX website's termination schedule. http://www.nymex.com/CL_term.aspx

Thanks for giving us permission not to follow your guess (which is what it seems like you are making). If you're playing roulette and you put your money on black and it lands on black I don't think you're on to something. What are you basing this on anyway? Today's strength?

It's a Clearport product that trades OTC. You can't just go buy or sell it like a regulated future, you need to use a voice broker to find a counterparty to take the other side of the trade. Coal is not a spec heavy commodity, it is used primarily by commercials for hedging.

\ How do you propose that oil gets down to 30 dollars a bbl.? Markets control oil prices. If you know anyone who's willing to sell it that cheap, I'll find you all the buyers you want...

Those warnings have been out for months and have been partially to blame for natural gas prices staying up above 7.25 since the hurricane predictions surfaced in late March. It's more or less a crap shoot if we do get a production threatening storm in the gulf, but assuming the weather men are...

Praying that things will go down enough to end the buy the dip chatter and perhaps drive some of the more frequent such posters into hibernation...

Quote of the week, right there. I don't think he got it, but the rest of us did. Thanks for a good laugh...

OPEC came out and said that they had no intention of raising output, and saw no need to meet before their next scheduled meeting in September, that was the headline that got thinsg running and then technicals and moentum pushed us higher. A few days ago OPEC came out and said that if the...

Evidently he does mind. You still have to do juice options on the NYBOT floor at this point (not a big softs guy, but I'm told OJ futes should be done in the pit at this point as well, as it's easy to get taken trading the very thin electronic market). If you need a good broker (or two--nice...

If a strike occurs I wouldn't count on it holding 68 dollars...rather unlikely in my opinion. It's a dangerous time to be short, but the market seems to need more a catalyst to take off and prove the bulls right.

I say up....

You are placing your order below the market if you are using limits, so what makes you believe that the market should come down and fill you and then reverse higher, or conversely come up and fill you and then turn around and continue downward? If you don't like it you might be better off using...

www.frontierweather.com

Why not keep buying...if it's really zero risk as our thread guru professes, of course that is the only way to approach it. The question is: do you believe it?...

Corn based ethanol will fail miserably, in my opinion. The only reason it is enjoying it's current success is the government subsidy on production and blending and the tariffs on imported sugar based ethanol from Brazil. When those incentives for corn based ethanol are inevitably scaled back...