Oil will easily go to 200 in the next two years
gold 1200
gold 1200
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The Top of Oil
- Thread starter patbateman
- Start date
Quote from pumpanddumper:
To make things burn more, I loved oil in the beginning of the year at $55. Should of just sat on an assload as planned but I dump it at $62. F me in the goat ass.
Same thing with silver. Fuck, what did I start trading stocks again.
got out of gold @ 720 ... really sucks now it's almost 800
Oil is the new internet hype. It goes up on speculation, and just go and go and go. Inventories arent that bad. Is like an analyst said. Oil goes up because it can.
A lot of alternative energy is already coming in. New and large oil fields are getting worked on. There is enough supply.
Its investment capital taking oil up. Nothing else. When oil price go up 5 dollar on a day when there was really a "non event" about a bit falling inventories... Well for a few years back this had very little effect on the market. Then you understand this is going to hit very hard in the end.
Oil is going to go through the roof now. Maybe 110-120 before new years. Everyone can see it. Someone want to make $$$$ on it, and so they make it so they do. Its we, the consumers, who must pay for it.
Note.. I do not trade oil. Just follow the oil markets.
ORM
A lot of alternative energy is already coming in. New and large oil fields are getting worked on. There is enough supply.
Its investment capital taking oil up. Nothing else. When oil price go up 5 dollar on a day when there was really a "non event" about a bit falling inventories... Well for a few years back this had very little effect on the market. Then you understand this is going to hit very hard in the end.
Oil is going to go through the roof now. Maybe 110-120 before new years. Everyone can see it. Someone want to make $$$$ on it, and so they make it so they do. Its we, the consumers, who must pay for it.
Note.. I do not trade oil. Just follow the oil markets.
ORM
The top of oil and gold a long long away
I have a sell signal on my higher time frame chart above the 15 minute..I am showing a sell on the 30 minute and have removed my stop from 15 minute chart entry and entered 2 QM short at 95.20 with a target for the 2 contracts at 94.20 . I have my stop at 96.20 for the 6 positions..