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.
Strategies & Market Trends : CFZ E-Wiggle Workspace

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: skinowski who wrote (9821)1/15/2009 4:24:58 PM
From: Galirayo  Read Replies (1) of 41418
 
[Just thinking aloud] Gold is Up today .. while .. Oil is Down Big .... Hmmmm.

Maybe a Hoard of Crude Traders [ETF Driven ?] are Fleeing the Sinking Ship again because they can't take the Physical Delivery. They're just Speculating ??

Now can we actually see Speculators Actions and how they React when they can't suck up the Physical Crude and Store it somewhere because the Storage Tanks are Really Really Full ... ?? .. They must Run for the Exit and Take the Big Dump ... ??

Now .. Fast Forward to the Next Month Witch and the following months ... in Contango all the way up the Slope ... and wonder .. what happens when that next contract is at least 10.00 or more above this month that's Expiring soon ???

Odds are .. if the Factory Demand [Auto Plants, Steel Companies (primarily Nat Gas driven for smelting recycled steel) and Parts Suppliers .. etc. are Idle across the Nation {like today}] remains the same .. the Next Front month it is another Short ??

Crude Distillates had a Huge unexpected Build and Crude a lower than expected Draw down yesterday like Nat Gas had a lower than expected Draw down today.. btw.

It's a Demand thing still ..
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext