The Mother Load Experience

[MotherLoad]

It's Monday morning 8 am on the East coast and the lucky folks with the number 7 in their SSN are cashing in their gub'mint checks:

http://www.kitco.com/charts/livesilver.html

The $140 oil today had NOTHING to do with that fire in the headlines.

Next Monday it'll be $145 on a strike in Mexico, cyclone in Indonesia, or a thundercloud spotted over the oil sands in Canada.

jiesen i appreciate your humor lol thundercloud spotted lol

[jiesen]

Price of a dollar

It's Monday morning 8 am on the East coast and the lucky folks with the number 7 in their SSN are cashing in their gub'mint checks:

http://www.kitco.com/charts/livesilver.html

The $140 oil today had NOTHING to do with that fire in the headlines.

Next Monday it'll be $145 on a strike in Mexico, cyclone in Indonesia, or a thundercloud spotted over the oil sands in Canada.

[jiesen]

My trade is a swing trade of sorts. I'm willing to hold a little longer than most swing trades for DUG. This is more about timing, for me, but I think that I get your point... so many people feeling that these prices are unrealistic and therefore shorting oil. However, they are getting caught in their positions and forced to close the trade as oil continues to rise to the top without taking a breather. Therefore, as shorts are closed, this sends the price even higher as they effectively buy at a loss... Am I assuming your point correctly?

That is exactly my point.

[MotherLoad]

so... what you're saying is the current price of $135 for a barrel of oil is way too high for right now, but if it hits $140 you'll buy some to close out your short position?

is it any wonder then that prices can become so detached from supply/demand?

By the way, I haven't heard any complaining yet from the folks getting their stimulus checks. I'll bet that when the Dems get their chance to buy off the voters, the checks will be at least double these ones (and oil will cost double, as will a gallon of milk, etc.). Besides supply/demand and speculation, the price of anything will also be affected by the propensity of the government to print new money.

Thats part of the problem, if you printed in money in your basement, they would jail you as a counterfeiter. However the crooks at the fed can print money out of thin air. The fed needs to be removed from having any power!

God help the People, they really need it now with these crooks in power.
God while im at it? Do you think you can lead me to a wowmen with ron pauls mind and liz tylers body?

signed
your humble servant!

Oh btw Razer back in today

[peanuts]

so... what you're saying is the current price of $135 for a barrel of oil is way too high for right now, but if it hits $140 you'll buy some to close out your short position?

is it any wonder then that prices can become so detached from supply/demand?

By the way, I haven't heard any complaining yet from the folks getting their stimulus checks. I'll bet that when the Dems get their chance to buy off the voters, the checks will be at least double these ones (and oil will cost double, as will a gallon of milk, etc.). Besides supply/demand and speculation, the price of anything will also be affected by the propensity of the government to print new money.

My trade is a swing trade of sorts. I'm willing to hold a little longer than most swing trades for DUG. This is more about timing, for me, but I think that I get your point... so many people feeling that these prices are unrealistic and therefore shorting oil. However, they are getting caught in their positions and forced to close the trade as oil continues to rise to the top without taking a breather. Therefore, as shorts are closed, this sends the price even higher as they effectively buy at a loss... Am I assuming your point correctly?

If so, then consider when oil finally does correct, that the magnitude of the initial correction (1-2 weeks) will be historically unseen. I would consider that it could be considered a "black swan" event. But now that I said that, it will never happen

[MotherLoad]

Mother,
I used to run my '79 Datsun on synthetic graphite oil. Don't know if anyone makes it now. Got 45 MPG one time. Why is it so difficult 29 years later?

-------------billy

Yes billy, because its all a scam, bubble about to burst after they sucked everyone down they could.

Market should rally see chart of Dow, financial stocks place to be long term. Ill cya next week. Check the insider buys on abk.

[IIC]

so... what you're saying is the current price of $135 for a barrel of oil is way too high for right now, but if it hits $140 you'll buy some to close out your short position?

is it any wonder then that prices can become so detached from supply/demand?

By the way, I haven't heard any complaining yet from the folks getting their stimulus checks. I'll bet that when the Dems get their chance to buy off the voters, the checks will be at least double these ones (and oil will cost double, as will a gallon of milk, etc.). Besides supply/demand and speculation, the price of anything will also be affected by the propensity of the government to print new money.

I didn't get a stimulus check...And I paid $4.58 for 87 reg. today

[jiesen]

A quote from an oil guy I recently spoke with, "The gasoline market is stagnant. We are seeing the demand growth in chemical processing, and have been making investments in infrastructure to support this additional demand"

My thoughts are that unless we see a strong correction to the growth of China and India, then $130 oil will seem cheap next year. But, that's not to say that it won't get there in the short term. I have some quick money currently in DUG. But that is short term, only, and will most likely close if oil gets 4% above the recent high anytime soon.

so... what you're saying is the current price of $135 for a barrel of oil is way too high for right now, but if it hits $140 you'll buy some to close out your short position?

is it any wonder then that prices can become so detached from supply/demand?

By the way, I haven't heard any complaining yet from the folks getting their stimulus checks. I'll bet that when the Dems get their chance to buy off the voters, the checks will be at least double these ones (and oil will cost double, as will a gallon of milk, etc.). Besides supply/demand and speculation, the price of anything will also be affected by the propensity of the government to print new money.

[billyjoe]

Mother,
I used to run my '79 Datsun on synthetic graphite oil. Don't know if anyone makes it now. Got 45 MPG one time. Why is it so difficult 29 years later?

-------------billy

[MotherLoad]

Yeah dhi up .60 today.

[MotherLoad]

Yeah demand and supply are two old friends, but as price increases don't you think demand will lessen?

The saudi's just said no reason for oil to be this high, so if this a bubble your dug should do well.

They can make synthetic oil for 55-65 a barrell, so amazing to see oil this high.


gl-

I suspect the dow to turn up here in the short term off these levels.

[peanuts]

hey hey Peanuts.
nice picture, without sour we would not know sweetness!

You think oil dips 130?

Happy trading

A quote from an oil guy I recently spoke with, "The gasoline market is stagnant. We are seeing the demand growth in chemical processing, and have been making investments in infrastructure to support this additional demand"

My thoughts are that unless we see a strong correction to the growth of China and India, then $130 oil will seem cheap next year. But, that's not to say that it won't get there in the short term. I have some quick money currently in DUG. But that is short term, only, and will most likely close if oil gets 4% above the recent high anytime soon.

[MotherLoad]

Cake might be good for a reversal trade 1-5 days

DHI same deal.

[MotherLoad]

I know friend, the previous posts when i said ring the bell was in reference to that change. I have a core position that i built long, and then i been trading the swings with a position.


I would love a dip, but will see.

[Peter Hansen]

Rch Changed Too Caei

The RCH stock symbol has been changed to CAEI .......But I would wait before buying it right now .......untill it pulls back towards its 20 EMA . Look at the chart and see

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=caei&sid=0&o_symb=caei&freq=1&time=6