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Post by looter on Aug 8, 2011 20:45:33 GMT -5
It's not for looter, oil's crashing, we live in a glut of NG and now they have algies that can produce energy for an eternity. Ain't life a bitch. Hey 3020, remember last Spring when you asked Thirsty, Grainbelt, and I our predictions on what was gonna happen with various markets? Here's a link to that thread. discussions.agweb.com/showthread.php?12150-OBG-Thirsty-and-GrainbeltThings are going they way I thought they would, just faster. When fuel doubles YOY, the guys who buy OTM puts on almost everything make a kill. |
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Post by looter on Aug 8, 2011 20:47:58 GMT -5
I am indebted to Thirsty for finding the YOY double he pointed out a couple months ago. According to DLT, oil should crash to $50 by year's end-ish. After its done crashing, its a pain-free ride back up to the stratosphere. Keep in mind I doubt the commodity exchanges will be open for biz much longer. CFTC will shut them down. Attachments:
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Post by looter on Aug 8, 2011 21:01:39 GMT -5
The chart above is of RBOB. I should have watched it instead of the crude oil chart last spring. The consumer doesn't buy crude oil afterall. It made its Year-Over-Year YOY double on May 10th. That's it. It's deflation time whenever the trigger gets tripped. A month before the YOY was inked, I wrote about how I expected things to unfold and why in a thread called, "Is the Drunken Lodger About to Bump his Head?" At the time crude had $20 to go to make the YOY double. I figured it would take till summer to get that extra $20. Like I said, shoulda been watching RBOB. Anyway, here's the thread. Good for laughs; discussions.agweb.com/showthread.php?12425-How-long-before-the-quot-Drunken-Lodger-quot-bumps-his-head |
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