Rat's Nest - Chronicles of Collapse Message Board

STOCKTALK

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.

Politics : Rat's Nest - Chronicles of Collapse

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Ron	1/7/2008 10:54:40 AM
	Read Replies (1) of 24225

Markets Bet Heavily That Oil Will Move to $200 The facts about demand for crude staying strong in India, China, and the US are catching up to the market. So are concerns about unstable governments in Africa, the Middle East, and South America. The percentage of oil staying within oil producing countries to build their own infrastructures is also being factored into prices. According to Bloomberg "options to buy oil for $200 on the New York Mercantile Exchange rose 10-fold in the past two months to 5,533 contracts, a record increase for any similar period." These bets are not being made by under-educated retail investors. They are being made by professional traders who see large profits in putting money down that oil hits $200 by year-end. Macroeconomic trends favor the bet more each day. Douglas A. McIntyre 247wallst.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next