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Oil at $100 a Barrel `Fair,' Venezuela's Chavez Says (Update1) By Steven Bodzin Nov. 13 (Bloomberg) -- Oil prices of $80 to $100 a barrel are ``fair'' and Venezuela will seek to keep prices in that range, Venezuelan President Hugo Chavez said. ``We seek stabilization at $100 a barrel...

There is no easy money in natty, but I wish you all the best. Dec options go off the board on the 27th--what strike did you buy?

It's not common, but it has been happening with greater frequency at these elevated price levels. The 10:30 move yesterday was off of inventories, so there was a catalyst for that one, but crude is prone to quick reversals and has been crazy volatile lately with prices as high as they are.

Did anyone happen to see at 10:40 when natty traded from a low of 8.134 to a high of 8.475 in a one minute time frame. There were only 692 lots traded in that minute, and then on the way back down there were a few thousand traded as it got back to 8.15 within 3 or 4 minutes of the spike. The...

Sorry if I offended you with the use of the word fuck, it was not my intention (as I very much enjoy that word!). Your reply did incite a chuckle ("How very kind of you to chime in though with such a wonderous opinion... "), and for that I thank you. I too like the psychology threads, but...

Not being a retail trader I don't use IB, but last I knew you couldn't even transact NYMEX options in any venue (neither pit nor screen) through them as they hadn't rolled out the product for their customers yet. I know some people like them, but I have several friends who use them, and the...

Oil is damn close to as high as it has ever been in real terms, and it will definitely slow the economy if it stays this high. The longer it stays up here the more your buy and hold approach will end up burning you. Check out this study that BP put out and Reuters printed a few weeks ago...

I hope this represents a permanent deviation from your usual arrogance and hostility toward those who challenge your method of "trading" (I happen to call what you do investing). You might be better received if that is in fact the case there, slick.

In response to the original post, no, I would not support it. Perhaps we should have siphoned some oil in the beginning to offset the expenses to liberate the people of Iraq (something I supported when there was evidence of WMD's), but it was "Mission Accomplished" back in '03, and 4 years...

It's a NYMEX on CME Globex deal, just like the futures. The crude and natty opts have been on the screen since late June, and product opts came on a month or two ago. Pretty slick for simple stuff with decent open interest toward the front of the curve, but strips, back months, and complex...

The crack is a calendar crack, so you need to compare Dec to Dec. Once crude expires the crack is typically expressed in the month that is now front, so when Nov CL went off 10 days ago the Dec cracks became prompt. The cracks have been quite weak given the strength in crude, which has...

You got 'er buddy, when it comes undone it will come undone with a vengeance. All the fund managers and small speculators seem to want to give this a push in concert, but when there is finally a trigger that causes a hefty pullback, we could see all of the speculative length rushing for the...

On the floor the call them tablets--not sure where that name came from.

Just be careful, because sooner or later the tide is sure to go out a bit before it comes back in.

Agreed, corn-based ethanol is a less than useful program for us in terms of efficiency, and I don't expect it to last. As far as economics go, coal, nuclear and hydrocarbons are the cheapest things we have to make energy at this point, so until energy as a whole gets expensive enough and stays...

Why do you want the licenses? The 66 combines the 63 and 65, fyi. I have them all and they're boring as hell to study for and worthless unless you want to be a broker. Even if you do want to be a broker, I would go the OTC route, as that is where all of the growth seems to be these days...

In my opinion the crude bubble is the result of massive amounts of investment capital seeking a high return, and does not actually reflect oil price fundamentals. The market got moving this summer, broke old highs, the dollar began to fall, geopolitical concerns flared up here and there...

Yes tradestrong, I agree, the village idiot (stock_trad3r) has spoken, so now all we have to do is wait for the bear market so he can have Baron cxl his account. What's funny to me is that this thread was started as a Stock_Trad3r trashing thread, and he (with the help of sophiekay and a few...

Crude is the bull market now, so are soybeans, gold as well, and the au naturale may be the next, but before too long I think it will be best to be short all of the above, and every index future to boot! Markets can only ignore the writing on the wall for so long; the fundamentals clearly...

The banks that hold the debt are the ones who proceed with foreclosure proceedings after the borrower goes into default. The laws are different in every state, but it can take anywhere from a month to a year to get the previous owners out, and at that time the property goes into the bank's REO...