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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (19844)4/20/2009 2:27:52 PM
From: LTK007  Read Replies (1) of 71456
 
2xLong Crude who's price is set to crude prices 6-months out.
Soros said yesterday crude MUST go to at least 70 as many producers operate at a loss at below 70, and they have been shutting down.
Others i respect see crude running back to AT LEAST 100 come 2010.
So i am just adding on weakness. My C/B presently 2.92.
If we hit like 2 i will double position.
And if we hit 1.50 i will double again .
It is just one of those plays i KNOW will work out in the longrun of perhaps a year or more.Max is Cocky about Crude within a 18 month time frame, roughly.
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