Ok guys, I didn't come back here to stir up crap and that's exactly what has happened. I'm outta here and wish you all nothing but the best. I truly meant I loved the board just as it was and that's not bullshit... twas the truff :)


All of you have been a great influence in my quest to be a better trader and THANK ALL OF YOU FOR THAT.

I will not be answering any PMs, emails or responses to this message!!!

outta here, good luck tomorrow everyone.

I believe higher buTT IDKS either.

They're pumping the heck outta that one.

It may be the mother of all doom and gloom gas price predictions: $12 for a gallon of gas is “inevitable.”



Robert Hirsch, Management Information Services Senior Energy Advisor, gave a dire warning about the potential future of gas prices on CNBC’s May 20 “Squawk Box”. He told host Becky Quick there was no single thing that would solve the problem, due to the enormity of the problem.





“[T]he prices that we’re paying at the pump today are, I think, going to be ‘the good old days,’ because others who watch this very closely forecast that we’re going to be hitting $12 and $15 per gallon,” Hirsch said. “And then, after that, when oil – world oil production goes into decline, we’re going to talk about rationing. In other words, not only are we going to be paying high prices and have considerable economic problems, but in addition to that, we’re not going to be able to get the fuel when we want it.”



Hirsch told the Business & Media Institute the $12-$15 a gallon wasn’t his prediction, but that he was citing Charles T. Maxwell, described as the “Dean of Oil Analysts” and the senior energy analyst at Weeden & Co. Still, Hirsch admitted the high price was inevitable in his view.



“I don’t attempt to predict oil prices because it’s been impossible in the past,” Hirsch said in an e-mail. “We’re into a new era now, and over the next roughly five years the trend will be up significantly. However, there may be dips and bumps that no one can forecast; I wouldn’t be at all surprised. To me the multi-year upswing is inevitable.”



Maxwell’s original $12-15-a-gallon prediction came in a February 5 interview with Energytechstocks.com, a Web site run by two former Wall Street Journal staffers.



“[Maxwell] expects an oil-induced financial crisis to start somewhere in the 2010 to 2015 timeframe,” Energytechstocks.com reported. “He said that, unlike the recession the U.S. appears to be in today, ‘This will not be six months of hell and then we come out of it.’ Rather, Maxwell expects this financial crisis to last at least 10 or 12 years, as the world goes through a prolonged period of price-induced rationing (eg, oil up to $300 a barrel and U.S. pump prices up to $15 a gallon).”



According to associate of Maxwell at Weeden & Co., Maxwell is out of the country and currently unavailable for comment.



Maxwell’s biography on the Weeden & Co. Web site said he “has been ranked by the U.S. financial institutions as the No. 1 oil analyst for the years 1972, 1974, 1977 and 1981-1986,” according to polls taken by Institutional Investor magazine.



“In addition, for the last 17 years he has been an active member of an Oxford-based organization comprised of OPEC and other industry executives from 30 countries who meet twice a year to discuss trends within the energy industry.”



Although Maxwell’s prediction is for the long-term, not everyone supports high-end predictions, even in the short-term. CNBC contributor and the vice president of risk management for MF Global (NYSE:MF) John Kilduff said on “The Call” May 7that he expected gas prices to drop following the Chinese Olympics, as China’s economic boom slows down.

Don't care for iHub's new format.

Hi dee ho... mommio :)

CNR (.34) chart: These oil plays are all over the place. Another breakout and I don't think it's done. Again, looking at a run to the 200ma. IMHO.

heh heh.... bounce at 12,200 and bottom 11,700

Honestly, never have. I have been looking into buying silver bullion/bars. There are tons of dealers out there as you can imagine. Here's one I looked at.

http://www.monex.com/why/howtobuy.html

AEN (.74) chart and stats: Trying to come out of it's recent channel. If she can get into the 80's I think she goes to the 200 ma. IMHO. VOLUME spike.

O/S: 44.92M

Float: 41.28M

Short: 0.00%

Insiders own: 8.09%

Inst own: 19.40%

Weeeeeeeeeeeeeeeeeeeeeeeeee capt weeeeeeeeeeee weeeeeeeeeeee

lol

:) good luck to you!!

I don't know DA buTT, I think silver is going to 40 plus by the end of summer, at the latest.

Hiya Mt. Blanc, Hope you enjoyed TGC today, very nice!!

GMET, chart on reply, keep her on watch, IMO.

Best to be able to trade them all. I got too much tunnel vision at this point.

gbbbbbbbbbb, love that VOLUME, very nice, just getting started I think.

URZ (3.12) chart and stats: Nice volume on this one. Building the leg up on a cup/bowl formation, IMHO.

O/S: 43.34M

Float: 36.47M

Short: 3.13%

Insiders own: 13.89%

Inst own: 8.50%

Silver chart... breaking out

Ahoy matie... lol, very nice capt.

Nice day on that one jimski :)

Weazel-mannnnnnnnn, thanks buTT, it's a hot sector and when you post 12 or more charts, in that sector, one of them is bound to go.

Hope you had a good day!!

Hey hey DAAAAAAA, you got me started on the uptrenders and THANK YOU!!! for that.

afternoon all

EPM another oil play... link back to chart

it certainly shows :)

All right I'm done.

TGC (.96) chart and stats: Breaking out IMHO.

O/S: 59.16M

Float: 58.33M

Short: 0.03%

Insiders own: 36.02%

Inst own: 1.20%

SSN (3.86) chart and stats: Volume.

O/S: 209.16M

Float: 114.29

Short: 0.01%

Insiders own: ?

Inst own: 0.20%

OMNI (5.92) chart and stats: Lamp unto my feet...lol
Volume spike!!

O/S: 19.15M

Float: 8.06M

Short: 6.57%

Insiders own: 12.81%

Inst own: 24.00%

ROTFLMAO..... funny "stuff" gb

LEI (4.50) chart and stats:

O/S: 10.21M

Float: 6.22M

Short: 0.07%

Insiders own: 41.02%

Inst own: 1.50%

lol.... you ain't right.

HDY (2.19) chart and stats: IMHO, the next leg up starts tomorrow. If not watch the 200 sma for support.

O/S: 56.20M

Float: 47.66M

Short: 1.86%

Insiders own: 11%

Inst own: 1.10%

I was hooked on those bottoms for a long time. DA is the one who got me interested in the uptrenders.

Hope ya wash those hands before you eat some finger lickin good chicken.

GMET (7.79) chart and stats: Like this one a lot with a break of the 8.00 area. Low float and the shorts may have to cover soon. IMHO.

O/S: 38.99M

Float: 3.22M

Short: 52.17%

Insiders own: 50.21%

Inst own: 47.30%

lol.... that one of those boogies I been seeing around this camp :)

CQP (11.23) chart and stats:

O/S: 161.80M

Float: 161.19M

Short: 0.23%

Insiders own: 51.13%

Inst own: 31.90%

like it!!! nice find.