CL Redux

[InvestVision]

GOLD man view with today's $80 OIL ...

http://www.marketwatch.com/story/oil-futures-slump-after-sp-downgrade-2011-08-08?dist=afterbell

Despite “heightened uncertainty” around the outlook for commodities including oil, analysts at Goldman Sachs told clients they’ve retained a “constructive view” of the sector’s prospects.

Factors included “still-high expectations of global GDP growth sufficient to tighten key commodity markets, expected strong growth in [emerging markets] ... and commodity-supply disappointments that have substantially offset if not dominated demand disappointments in key markets,” they wrote.

For oil, “it’s only a matter of time before inventories and [Organization of the Petroleum Exporting Countries] spare capacity become effectively exhausted, requiring higher oil prices to restrain demand,” the analysts added.

 

[InvestVision]

BCE you nailed the point

when people pulling out of US stocks they have to put it some where

a) in Europe stocks
b) Japan
c) Gold
d) US T notes

c) is good option, but one can't put 100% in gold , some portion go there , so next best to c) is d) so that why US T notes are holding ...

Quote from BCE:

[B. If people are pulling money out of stocks they need to put it somewhere.

[/B]

 

[Visaria]

e) Under the mattress

 

[BCE]

Quote from JoshDance:

I shorted .24 right after that and closed for +1 foolishly. Should have waited for .80.

Good luck to those holding longs--I wish them the best, but I'd be surprised if they aren't shaken out during globex. 80 flat has not been touched, it would be a good excuse to unload some longs.

Nice trade. WTG.

Agree about longs overnight. I'm predicting further selling in the morning and then maybe a nice little bounce.

Also the Fed is tomorrow so they may wait to hear what they have to say.

Quote from Visaria:

e) Under the mattress

Had my friend look under your mattress and we agreed to split the profits. He found $13. Sheeeeeeesh!

BTW V
Now it turns out that when your broker and you transferred your position over to JD and me he inadvertently flipped it short and now we're really up huge. Plus when I thought I was closing out the position for a big loss the other day it turns out I was only adding more to my short position and now I'm really up big. Thanks for the help. In appreciation I had my friend slip a little bit under your mattress. Now you're up to $100. You're welcome. The pleasure is all mine.

 

[dax3k]

Bought 2 CL contract @ 77.50

Let's dance biatch

 

[BCE]

Moody’s Top U.S. Rating Rebuts S&P

http://www.elitetrader.com/vb/showthread.php?s=&threadid=225047

 

[BCE]

Graphically Speaking Credit Rating

http://www.elitetrader.com/vb/showthread.php?s=&threadid=225048

 

[startraitor]

long 77.33, $1.00 stop

 

[startraitor]

stopped and long 2x 76.45, stop 74.50, target 79.35

 

[Visaria]

Quote from BCE:



Had my friend look under your mattress and we agreed to split the profits. He found $13. Sheeeeeeesh!

BTW V
Now it turns out that when your broker and you transferred your position over to JD and me he inadvertently flipped it short and now we're really up huge. Plus when I thought I was closing out the position for a big loss the other day it turns out I was only adding more to my short position and now I'm really up big. Thanks for the help. In appreciation I had my friend slip a little bit under your mattress. Now you're up to $100. You're welcome. The pleasure is all mine. [/B]

What! Only a $100?