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Uh...he wasn't the one holding hands with the Arabs. He did, however open up Alaska for drilling. The US oil industry did themselves in by PRODUCING TOO MUCH OIL. They could have cut back but unfortunately tried to play the game with the Saudis and LOST.
.71 close enough?
And then there's this...Euro breaks above $1.17 for first time since January
Look at the chart from 2009. You'll see how far it can go.
The DOW will rule everything. It can drop a lot further taking all with it. Maybe not gold.
The DOW could go to 13K and still be in a bull run from 2009.
DOW triggered circuit breaker
DIVE! DIVE! DIVE!
39.50. Plunging into petroleum hell.
Exactly. Iran will not nuke anybody. NK won't. Russia didn't. China hasn't. Israel won't. For the small countries it would mean instant annihilation. A dirty suitcase might happen from an isis type group but that's it.
WE could go on and on. I'll just say that a lot of countries have nukes. Nobody uses them. Iran wouldn't either. It would be instant suicide for them and they know it. Same with North Korea. Much better odds that a terrorist group would set one off than a country.
"think that Israel is going to strike Iran and send crude through the roof." I don't know why that would send crude up. Iran is handcuffed on selling anyway.
Good call on GSS. Thanks for presenting how you're calling .68 on this.
Maybe but tell us how you come to .68 exactly. Let's see some numbers.
By "people" you mean the shorts.
The question is...what does it mean if it doesn't?? Could be a trend change?
Yesterday they ran it up first. Doesn't look like it today.
It's bounced off the low 1.70's the last 3 times.
Not damn near, it is! The SEC looks the other way.
It's called manipulation.
A big FAT lie is what it was. How do we know they're not lying now?
True but also true that the big boys put out the message they want. Remember "peak oil?" All over the news. OH REALLY?
Here's a thought to throw around...Does gold lead oil?
Something is holding the JR's back. They were all much higher when gold was lower!
I said this before the last big rise...Whatever the bottom turns out to be, you won't get a memo on it.
Already doin' it.
I dumped my 1.16 shares before the close but kept .96 shares. I've taken too many losses on this F'n thing.
I know. I know. Oil is going to 5 dollars but there's a nice inverted head and shoulders forming on the hourly tonight.
5,000,000 share trade went through. And right after a 2,000,000.
Well at least we got a little pop up to .97 however brief.
Is NOW soon enough?
Dollar Weakens Against Euro, Yen on FOMC Minutes Fed minutes out.
Stop @.92 on bulk of shares. I'll keep a small chunk after that.