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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: RealMuLan who wrote (43954)5/5/1999 9:56:00 AM
From: SliderOnTheBlack  Read Replies (2) of 95453
 
''June"NYMEX falls .69 cents on good OPEC compliance -go figure(VBG) !

...and we were going to $20 + ????

Logic vs. Emotion ie:

Is $18 Oil - a ceiling, or a floor.....?

While the Crude selloff is blammed on rising US gasoline inventories and questioning of US Summer Driving Season demand; don't buy that "BS".

It isn't about US gasoline demand - it is about; ''too far too fast'' and the speculative nature of present $18+ crude prices. US gasoline demand will be just fine - and they know it !.... too far - too fast is the mantra.

If this ''great news'' is met with a selloff in Crude Prices and another ''Red'' open for the OSX - what do you think is going to happen once both Crude Futures Traders and OSX stock holding Institutions start looking at locking in and ''protecting'' these huge gains ?

If ''this news'' is met with a selloff - especially in forward futures contracts; what will any disappointment in future OPEC compliance, or actual CHEATING bring ?

...use logic, not emotion here....and once again:

Who is ''really'' GAMBLING here - the profit takers, or the hold 'em crowd ?

PS - ''knock - knock''

- I'm feeling less resistance behind that door once again ! - don't let the Institutions sneak out the back, while your left holding the door (the bag - vbg) !
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