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Crude possibly to bounce???

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  • charliep
    Senior Member
    • Oct 2000
    • 9002
    #1

    Crude possibly to bounce???

    Was doing my Sunday afternoon reading today and came across this.

    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_eg6Up9UHFQ

    There are powerful forces at work right now.
    Tags: None
    • Hopperbin
      Senior Member
      • Dec 2007
      • 6562
      #2
      Why they did not make cuts already is beyond me. So far up a buck. I am beginning to think the futures markets are broken somehow.

        Comment

        • cottonpicken
          Senior Member
          • Apr 2006
          • 6993
          #3
          The whole market is broken and how it got this low is beyond me.

            Comment

            • TOM4CWB
              Senior Member
              • Dec 2000
              • 16511
              #4
              Guys... this is 'volatility trading'...logic and fundamentals don't drive the market... EXCEPT IF they drive volatility. Every country in the world that matters... want commodities to collapse.

              You can't really be surprised... can you?

                Comment

                • sumdumguy
                  Senior Member
                  • Mar 2007
                  • 11954
                  #5
                  The world should be careful what it askes for because when commodity prices are lower than the cost of production we all know that shortages are the result. Does the world really want to be starving and freezing. Like it or not - the system needs to run on exchange. Not too profound but reality.

                    Comment

                    • cottonpicken
                      Senior Member
                      • Apr 2006
                      • 6993
                      #6
                      Tom-what the hell are you talking about?

                        Comment

                        • TOM4CWB
                          Senior Member
                          • Dec 2000
                          • 16511
                          #7
                          Cottonpicken

                          China and India drove the commodities... up... Asia-pacific...

                          There are massive price controlled systems in place in Asia... that counteract prices we get for our grain... domestic controls to keep prices controled. These folks are VERY pleased blackoil is falling out of the sky...

                          A big win for them (Asia) on all sides.

                          THis hasn't hurt the US much either. Russia is hurting big time...

                            Comment

                            • Hopperbin
                              Senior Member
                              • Dec 2007
                              • 6562
                              #8
                              Russian business is getting bought out by the Chinese. Like one big Chinatown. Locals are pissed.

                                Comment

                                • jensend
                                  Senior Member
                                  • Jul 2002
                                  • 1530
                                  #9
                                  tom you seem to think this last spike was s&d driven. it was a bubble like us housing, the dot coms, etc. it was a money play and that's why it burst so fast. they took their profits and left. nothing really changed. there wasn't a crop failure on half the globe and women around the world didn't give birth to sixteen year old sons who could eat twenty pounds a day. this has happened before and the smart guys harvested the funds as stickland used to say. supply and demand don't change overnight, they develop.

                                    Comment

                                    • jensend
                                      Senior Member
                                      • Jul 2002
                                      • 1530
                                      #10
                                      world bank forecast for commodity prices over the next few years.


                                      http://www.ft.com/cms/s/0/bcda848c-c62a-11dd-a741-000077b07658.html

                                        Comment

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