SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : ACCO: 800America.com, Inc
ACCO 3.450+0.4%1:57 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: stormrider1 who wrote (296)1/24/2007 2:50:47 PM
From: LTK007  Read Replies (1) of 694
 
Crude Mike had a quite Bullish up down action indicative of a a new strong base being formed.
The move in Crude was counterintuitive as inventories showed AMPLE reserves.
POG also is getting frisky.
This might be an indicator that smart money is beginning to accumulate here on mater of Iran which market is absolutely refusing to factor in.
i think most Fund Managers for the Big Firms buy disregarding Iran factor as if Iran happens they have an excuse for losing clients money---it is a we can't lose policy for Big Fund Managers, as they still get their commissions, which is all the care about.
i will be looking to buy another 2k shares of USO on a dip to about 54 dollars for crude.
As i want 4k shares here.
Crude closed ABOVE resistance , closing at 55.35, in a counter intuitive move, as i already said:) (it's high for day was 55.44 an its low about 53.30.
USO is presently 46.07.
If crude were to return to last years highs USO would hit 74.xx.
Faber believes crude to approach 70s EVEN if there is NO geo-political tangle ahead.
Market today overal was again , trading range, trading range, on and on and on.Market is still showing ZERO FEAR, we have extreme complacency.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext