Kudos to MMs

Quote from Maverick74:

No, not capice. Nitro, do you realize that we can take all the Gold in the entire world, all the Gold that has been mined from 2000 BC to the present and fill up two olympic size swimming pools with it. That's it! That's all there is. Two swimming pools for everyone in the world! All the world banks, all the world governments, everyone...two swimming pools! That's it. When you have such a finite supply and strong demand, then yes, price can go much higher. No such supply restraints exist for oil. Try again my friend. Maybe you should use a lifeline or call a friend.
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Yes. I am the one that told you that. LOL! Anyway, you think that oil is too high. I think it is way too cheap. Ok. Odds are things go back to same old same old, which means oil sells off. But ooooooooooone daaaay, we shall see....
 
Quote from nitro:

Yes. I am the one that told you that. LOL! Anyway, you think that oil is too high. I think it is way too cheap. Ok. Odds are things go back to same old same old, which means oil sells off. But ooooooooooone daaaay, we shall see....
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I don't believe you told me that. Send me the link to that post.

Nitro, my main argument is not exactly what the fair value of oil is. Nor do I care what the fair value of the s&p is. I'm a trader, I trade price, not fundamentals. My problem lies with your explanation for why you think oil is too cheap. You have not given me a very good reason that oil should be higher. You basically have settled on the "because I said so" defense. When I was in the 3rd grade that always use to give me trouble when some kid pulled that out, but now I do a better job responding to that line of defense. LOL. I really think you should have picked the "phone a friend" option. :)
 
Quote from Maverick74:

I don't believe you told me that. Send me the link to that post.

Nitro, my main argument is not exactly what the fair value of oil is. Nor do I care what the fair value of the s&p is. I'm a trader, I trade price, not fundamentals. My problem lies with your explanation for why you think oil is too cheap. You have not given me a very good reason that oil should be higher. You basically have settled on the "because I said so" defense. When I was in the 3rd grade that always use to give me trouble when some kid pulled that out, but now I do a better job responding to that line of defense. LOL. I really think you should have picked the "phone a friend" option. :)
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I told you in person. :) Whatever...
 
Quote from Maverick74:

No, not capice. Nitro, do you realize that we can take all the Gold in the entire world, all the Gold that has been mined from 2000 BC to the present and fill up two olympic size swimming pools with it. That's it! That's all there is. Two swimming pools for everyone in the world! All the world banks, all the world governments, everyone...two swimming pools! That's it. When you have such a finite supply and strong demand, then yes, price can go much higher. No such supply restraints exist for oil. Try again my friend. Maybe you should use a lifeline or call a friend.
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gold is close to useless,like the dollar,you accused nitro of pulling numbers out of a hat,your reaching here mav
 
Quote from ammo:

gold is close to useless,like the dollar,you accused nitro of pulling numbers out of a hat,your reaching here mav
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I never said Gold wasn't useless. What point are you trying to make?
 
Quote from nitro:

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I did something similar in my model. If I put in by hand my "missing financial dark matter" that is holding the SPX at these levels, and then applied my equations forward, it comes back with a "FV" of about 1300 on the nose.

FWIW.
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SPX low today 1299.56

Most people on this thread would be better off sacrificing their left testicle for access to this model (a purely hypothetical idea)
 
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