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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (10425)	3/18/2004 8:08:46 PM
From: ldo79	Read Replies (1) \| Respond to of 110194

Need to tell these guys to throttle back a bit: ============================================== Reuters UPDATE - China Feb crude oil imports up 60.1 pct yr/yr Thursday March 18, 7:45 pm ET BEIJING, March 19 (Reuters) - China's crude oil imports were up 60.1 percent at 10.5 million tonnes in February, the General Administration of Customs said on Friday. Imports of No. 5-7 fuel oil were up 90.5 percent at 2.2 million tonnes in February, it said. No. 5-7 fuel oil refers to fuel oil with viscosity below 185 centistoke. Imports of other diesel and other fuel oil were up 32.9 percent at 182,129 tonnes in the month, the customs figures showed. China exported 476,573 tonnes of gasoline in February, down 42.9 percent from the year-ago period. biz.yahoo.com

To: Crimson Ghost who wrote (10425)	3/18/2004 9:52:06 PM
From: Archie Meeties	Read Replies (3) \| Respond to of 110194

When Copper began its bull run last year, article after article noted that the run was unjustified and due to wanton fund buying. Well, copper went up another 40% in short order, and it's not finished. The talk now is about how copper stocks are freakishly low.

To: Crimson Ghost who wrote (10425)	3/19/2004 8:16:48 AM
From: russwinter	Read Replies (2) \| Respond to of 110194

<Fund buying adds $8 premium to oil price--experts> Totally to be expected when the Fed finances Crack-up Boom behavior with one percent fed fund rates. Hightower Report which is a source I respect, feels that 40 cents is added to oil prices for every 10,000 net long spec contracts. Right now specs are long 140,000, adding about $5.40 to oil. So I say the "natural price" of oil is about $32-33, with the Fed induced Crack-up Boom (Flucht in die Sachwerte) price being the additional balance. No reason to think it won't get even worse if they stick with the current monetary policy. Copper drawdowns have suddenly gone into overdrive, may be a panic on. Was running 4500 a day, last five days avg 6000, last three days 7000, yesterday 7532. I may have to move up my "last ounce" projection up to early May rather than Memorial Day. Yesterday's combined LME-Comex was 455,690.

To: Crimson Ghost who wrote (10425)	3/19/2004 12:36:25 PM
From: ild	Respond to of 110194

<<<Red hot crude oil prices have surged as much as $8 per barrel above their fair market value due to an influx of money from speculative hedge funds, energy experts said on Thursday. >>> I don't understand how oil speculators can swing its price for so much for so long. IMO speculators can be liable for short term swings only. Oil is a huge commodity. Speculators can't hoard oil. Yes, speculators long a record number of futures, but OTOH oil is expensive only if you price it in USD. Oil is not much up in Euros. stockcharts.com[w,a]dacayiay[df][pb200!b50!f][vc60][iLa12,26,9]&pref=G

To: Crimson Ghost who wrote (10425)	3/19/2004 4:57:32 PM
From: yard_man	Read Replies (1) \| Respond to of 110194

when you see articles like that it is time to get long, IMO. When someone tries to bend over backwards trying to explain something away as irrational -- something real is up. I'm staying long OIH.