Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (85423)	2/14/2009 8:30:02 AM
From: GROUND ZERO™	Read Replies (1) of 94695

Maybe that's what those pirates had in mind, i.e., to keep the oil tanker and sell the futures... it seems the more deferred the futures contract, the higher the price... if the economy is that bad, then there may also be a chance that crude could also break below $20 bbl before any bottom is reached, with global economies in the hole, there is no reason for an increase in energy consumption... UNLESS, inflation alone causes crude to rally... I suppose anything is possible, but I'm surprised that crude has not yet rallied by now the way gold has done...<g> Also, those ETF's and ETN's are not the actual commodity, they only represent an imaginary futures contract on the commodity, don't you think they could default even if crude goes higher since it's not like the hard asset itself? Do you know if that has ever happened with any ETF? TIA GZ

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