Fisher just admitted price of oil higher becuase of specs
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You think "speculators" and "manipulators" are one in the same?
Many have tried to corner markets and failed. They failed for a reason. Commodities can't be manipulated for long periods. The more unique individuals participating in an individual commodity then the less likely that specific commodity can be manipulated and there are many many many people trading Crude.
Local colleges offer business and economic classes each quarter, sign up soon. A mind is a terrible thing to waste.
"Commodities can't be manipulated for long periods"
Nothing can. Does that stop penny stock manipulators from making millions.
Why would that stop the oil mob from raking it in?
Learn.
wtf is a long period. you can make tens of billions in 6 months or less
who do you think is financing the longs? shorts???
bullshit. its you and your half wit uncle at the pump.
here , have a shat .
Nothing can. Does that stop penny stock manipulators from making millions.
Why would that stop the oil mob from raking it in?
Learn.
wtf is a long period. you can make tens of billions in 6 months or less
who do you think is financing the longs? shorts???
bullshit. its you and your half wit uncle at the pump.
here , have a shat .
You just hit the nail!. Marc Rich, the greaters and most powerfull physical trader ever existed lost his company (glencore) trying to corner the Market in 1992.
The WTI went from 145 to 34 at the same time the USD/EURO went from 1,66 to 1,20. Yes, the Indexes and ETF play a big role in the oil markets, But the FED is the ultimate manipulator in this industry. if you're an oil producer and the dollars goes down you want more dollar for your product, plain and simple!.
What we need is more especulators (Not the other way around) and get rid of those ETFs and those GoldmanSachs Indexes and of course a stronger US dollar. Right Now the WTI is the cheaper crude grade in the market. Brent is trading at 126, LLS at 127, Urals at 122, Minas at 126, Forties at 126, Bonny Light at 128. and none of those crude grade are centralized!.
BTW Crude oil is used in more than 6000 products that goes from plastic to a lipstick.. So Yes, the supply/demand is also a HUGE factor.
EMR! LOL. I don't think I've ever seen you get so pissed off. At least you calmed down toward the end. Hey, those who understand capitalism use it to their advantage. Those who don't whine about it or put their hand out. There's an easy friggin way NOT to pay more at the pump. Buy blasted crude futures.
Some day the government will be taxing WIND. Wanna know how to offset the tax? Buy wind futures or invest in windmill manufacturers.
Some day the government will be taxing WIND. Wanna know how to offset the tax? Buy wind futures or invest in windmill manufacturers.