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Man don't get me started. article excerpt: But Goldman Sachs said inventories were progressively being eroded by stronger than expected demand. "We continue to believe that the recent, lower oil price levels will prove short-lived, particularly as the lower prices have contributed to...

Love to see the P & L on that 500%. :p

I tried to scalp on the day of the news and lost a few hundred. By the way I was long. The trend was down. Doh!! I could've had a V8!! Looks like the stock is getting cheaper though, maybe I'll jump in when it gets to $.30 per share like I did Espire. Makes for good wallpaper. :D

Here, here. You guys haven't heard of the surprise candidate that will bring back the left and right together, so once again there will be strains of "Kumbaya" and hand holding? Shame on you!:D

weekly esz06.

A couple of charts here, daily and weekly ESZ06 (sp dec emini). The daily parabolic stop and reverse has reversed short; on the weekly chart the parabolic stop and reverse is sitting at $1352.00, this is also the daily 50 period exponential moving average. I will be watching that level closely...

cover USO $51.85, cover GLD $61.50. This is a profit of $.35 or $35.00. Typically would hold the trade longer but GLD is strong and may rally again. Due for an up day on oil. GLD $61.50 USO $51.85 $9.65

Here is some loose, and I mean loose correlation analysis. USO started trading April 10, 2006. Take the closing price of USO which closed higher than GLD at the time. $68.20- $59.01 = $9.19. Now if you sold USO and bought GLD around this time you see they converge or cross 5/19/06 for what...

stop for USO $50.05 and stop for GLD $64.05. :D

let's revisit the previous trade which was closed for a small profit. There is a $10.00 difference between GLD and USO. Buy 100 USO $52.05 and sell 100 GLD at $62.05. There is a simple $10.00 difference here. I am looking for this spread to narrow. Will use a two point stop on either side...

A close today over $615.00 would be significant. Gold up six out of the last seven days. The weekly moving average for the december ZGZ06 cbot contract is $603.00. I would still be cautious here. Pundits are explaining gold's current rise due to the weak dollar.

Classic, haven't laughed that hard in weeks. :D I'll start the bidding at $250, great way to save on rent too. Are trade ins considered?

This latest price action in oil has been scary if you are long oil, bear market rally today? I would be surprised if the contract doesn't break $55.00 soon. My only question at this point is will oil go to $50.00? If it does and breaks below that, then I will get that 1972 suburban I've had my...

Cover USO at $52.15. total profit was $.15 or $15.00 on the USO trade and $.40 or $40.00 on GLD. As I said the trade was in and out, and yes I was worried about oil as the trend is down. Total profit $65.00. The trade was made to show that one could possibly profit from the divergence of...

Going to cover GLD at $59.60 for a profit of $.40 or $40.00. Will keep the long position on USO. USO may not bottom till after the elections. I am long at $52.05 with a stop at $50.05. Oil is somewhat risky now as the trend is still down. Hoping to cover with a short profit. As an aside, Eric...

There is randolm walk and its sister, the efficient market hypothesis. This debate is old, starting with Bachelier and his paper The Theory of Speculation, probably older than that I am sure. The typical argument is whether or not the market can be beaten, outperformed, traded, as opposed to buy...

There is a good divergence currently between gold and oil. I call it Murphy's law. I will sell 100 shares of GLD at $60.00 and buy 100 shares of USO at $52.05. This will be a short term play, I am looking for gold to sell off and oil to rally. The highest average true range for USO is about...

I was explaining about gold oil correlation and thought I would mention it here briefly. Gold and oil have had a long term correlation of around $15.00. Meaning one ounce of gold historically is worth around $15.00 barrels of oil. Spot gold as of this post is about $600.40, divided by the...

Not verified but here is a link on trading $$$: http://boringest.blogasian.com/2005/08/26/commodity-pit-traders

Having reread the article on Investopedia, I don't think it does a great job explaining the system. The system is a breakout system. There have been many over the years and there is an almost infinite variety. The 5 and 20 system is a good simple moving crossover system as it gives an entry and...