If you're a trader, sure, you can try to time the pullbacks. If you're a long-term investor and you know oil is in a bull market, you simply buy on pullbacks, you don't profit take in the middle of a crisis because you have no idea when XYZ is going to wake up and bail out of the dollar. It turns out that the recent gold drop was mostly in the paper market as these floundering banks and hedge funds had to sell their futures positions to stay afloat. The U.S. mint has stopped selling silver eagles and I can't find a local dealer with any gold coins. The physical bullion market is experiencing unprecedented demand, it's at least twice what it was last year.Originally posted by: mizzou
So selling at $139 wasn't all that bad of an idea, should have sold at $140'sh though instead
I'm your huckleberry. Oil is heading back down, big time. There is no bull market, only bullshit market for fuckwits who have no idea how the financial system has worked in the last year.Originally posted by: BansheeX
If you're a trader, sure, you can try to time the pullbacks. If you're a long-term investor and you know oil is in a bull market, you simply buy on pullbacks, you don't profit take in the middle of a crisis because you have no idea when XYZ is going to wake up and bail out of the dollar. It turns out that the recent gold drop was mostly in the paper market as these floundering banks and hedge funds had to sell their futures positions to stay afloat. The U.S. mint has stopped selling silver eagles and I can't find a local dealer with any gold coins. The physical bullion market is experiencing unprecedented demand, it's at least twice what it was last year.Originally posted by: mizzou
So selling at $139 wasn't all that bad of an idea, should have sold at $140'sh though instead
I have bookmarked this thread and will resurrect it when oil collapses back down to $70 as you guys say. Because at this point, you aren't just arguing with "conspiracy theorists" anymore, you're arguing against analysts like Schiff and Puplava who identified the tech and housing bubbles in their early stages, avoided them entirely, and are saying that oil ISN'T a bubble. They've been right, and people like LK and the OP of this thread have been wrong. For YEARS. And LKs long diatribe doesn't really answer anything. The dollar has seen a 50% drop in the last eight years, not 5%. And people are still buying and burning at these prices regardless of who is contractually locking in. It's called a bull market, not a bubble.
+Originally posted by: Aimster
oil is not going to drop
+ this sigOriginally posted by: Aimster
oil is never going to drop below $100/barrel again.
dollar is weak while demand keeps catching up. When the dollar finally stabilized the problem will then be supply/demand.
= Epic LULZOriginally posted by: Aimster
----------------------------------------------
I win
yepOriginally posted by: mizzou
haha, just thought I'd revive this for one last hurrah
mozirry is jesus
Excellent!Originally posted by: JD50
+Originally posted by: Aimster
oil is not going to drop
+ this sigOriginally posted by: Aimster
oil is never going to drop below $100/barrel again.
dollar is weak while demand keeps catching up. When the dollar finally stabilized the problem will then be supply/demand.
= Epic LULZOriginally posted by: Aimster
----------------------------------------------
I win
Close. He was a few weeks early on the call, but otherwise pretty damn close.Originally posted by: mizzou
haha, just thought I'd revive this for one last hurrah
mozirry is jesus
Bah, picking on Aimster is like shooting fish in a $65 barrel of oil.Originally posted by: Corbett
Excellent!
I to be honest can't wait until we hit bottom. Once we get to that sweet spot where it's almost ridiculous how many shares you can buy, we can get some confidence back.Originally posted by: conehead433
Sound just like that dumbass Cramer telling everyone to sell when the market is almost at it's bottom. Just wish I had tons of money right now to pour into the market.
LOL! It wouldn't be so much fun if he didn't act like a complete know-it-all tool all the time!Originally posted by: Chaotic42
Bah, picking on Aimster is like shooting fish in a $65 barrel of oil.Originally posted by: Corbett
Excellent!
You should take a look at the date on the OP, and see what the price of oil was at that time.Originally posted by: conehead433
Sound just like that dumbass Cramer telling everyone to sell when the market is almost at it's bottom. Just wish I had tons of money right now to pour into the market.
I bet you a million bucks. Oil is going to drop. National city just got swallowed up stocks and dollar is gonna fall through the floor.Originally posted by: LegendKiller
Want to put a friendly wager on that?Originally posted by: Aimster
oil is not going to drop
Yeah he was literally a mere three weeks early. I was pretty sure oil was going to bust, but I wasn't sure when. Over the many months it had been ballistically insane, I'd say that three weeks early is extremely close to calling it. The top was 147 but only for a very short period of time. To have sold at 130 or more was pretty close to perfect.Originally posted by: JD50
You should take a look at the date on the OP, and see what the price of oil was at that time.Originally posted by: conehead433
Sound just like that dumbass Cramer telling everyone to sell when the market is almost at it's bottom. Just wish I had tons of money right now to pour into the market.
This is an old thread, looks like some of you haven't noticed that. Also, who buys oil by the gallon?Originally posted by: ericlp
I bet you a million bucks. Oil is going to drop. National city just got swallowed up stocks and dollar is gonna fall through the floor.Originally posted by: LegendKiller
Want to put a friendly wager on that?Originally posted by: Aimster
oil is not going to drop
Anyone thinks that is is over is a bit foolish. I bet bush is biting at the bit to sting up another 'stimulus package' as I type this.
Oil fallows the dollar. Goes up oil goes up, goes down, oil goes down and it will go down. I predict oil will stable out at 1.80 - 1.50 a gallon.
Wow, with profound and eloquent text such as "fallow", how can we but "fallow" your prognostications?Originally posted by: ericlp
I bet you a million bucks. Oil is going to drop. National city just got swallowed up stocks and dollar is gonna fall through the floor.Originally posted by: LegendKiller
Want to put a friendly wager on that?Originally posted by: Aimster
oil is not going to drop
Anyone thinks that is is over is a bit foolish. I bet bush is biting at the bit to sting up another 'stimulus package' as I type this.
Oil fallows the dollar. Goes up oil goes up, goes down, oil goes down and it will go down. I predict oil will stable out at 1.80 - 1.50 a gallon.
Paging Banshee. Your dollar gaining 20%, oil dropping below 65, and gold back down to below 750 is wanted in the psycho ward.Originally posted by: LegendKiller
I'm your huckleberry. Oil is heading back down, big time. There is no bull market, only bullshit market for fuckwits who have no idea how the financial system has worked in the last year.Originally posted by: BansheeX
If you're a trader, sure, you can try to time the pullbacks. If you're a long-term investor and you know oil is in a bull market, you simply buy on pullbacks, you don't profit take in the middle of a crisis because you have no idea when XYZ is going to wake up and bail out of the dollar. It turns out that the recent gold drop was mostly in the paper market as these floundering banks and hedge funds had to sell their futures positions to stay afloat. The U.S. mint has stopped selling silver eagles and I can't find a local dealer with any gold coins. The physical bullion market is experiencing unprecedented demand, it's at least twice what it was last year.Originally posted by: mizzou
So selling at $139 wasn't all that bad of an idea, should have sold at $140'sh though instead
Great, you can't find gold. Big fucking deal. Nobody gives a shit about gold except for wannabe King Midases and jewelery lovers.
I have bookmarked this thread and will resurrect it when oil collapses back down to $70 as you guys say. Because at this point, you aren't just arguing with "conspiracy theorists" anymore, you're arguing against analysts like Schiff and Puplava who identified the tech and housing bubbles in their early stages, avoided them entirely, and are saying that oil ISN'T a bubble. They've been right, and people like LK and the OP of this thread have been wrong. For YEARS. And LKs long diatribe doesn't really answer anything. The dollar has seen a 50% drop in the last eight years, not 5%. And people are still buying and burning at these prices regardless of who is contractually locking in. It's called a bull market, not a bubble.