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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: quehubo who wrote (42810)	4/26/2005 10:37:24 PM
From: gregor_us	Respond to of 206085

The Robust Contango Which Had Appeared for 2005 Contracts Has Been slowly leaking out of the futures strip. Beginning now with the SEP contract, we are "back" to backwardation. This is why I, and many, many others, were saying not to draw too much bearish conclusion from that particular contango that appeared, because there was a real question as to how long it would last. Of course, there is a ton to chew on in movements in the strip, and people can disagree about what they conclude, from these days to day changes. LP

To: quehubo who wrote (42810)	4/27/2005 8:36:27 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 206085

Bull after Bull Flip Flopping..... 2-3 weeks ago no one was waving bigger Pom-Poms on Oil than Phil "the shill" Flynn of Alaron Trading: ...seems time be a changing: quote: ["Nymex gasoline prices caved, as traders switched from fretting over further upticks in demand to worrying about possible demand destruction. < the cure for high prices - is high prices...whodathunkit >> "Earlier in the year, it seemed like consumers were unbreakable when it came to high prices," says Phil Flynn, a broker for Alaron Trading Corp. in Chicago. "The jury is still out, but now there's concern that consumers are really feeling the pinch of higher gasoline prices." < gee, Phil maybe you should have looked at those 3 charts from Pacific Capital> Sunday's Lundberg Survey reflected those worries, indicating retail gasoline prices and demand both fell in past two weeks. That points to the first significant price drop this year. < demand falls....so much for the Super Spike > Moreover, a chorus of analysts said Tuesday that high energy prices likely were to blame for a weaker-than-expected April consumer confidence report. < nah, say it aint so...not that the USA has ALWAYS rolled over into a RECESSION - EVERY SINGLE TIME the Fed has hiked rates into an Oil/Gasoline spike> The Conference Board posted a 97.7 reading for this month - below the 98 analysts had expected and the lowest since November. Flynn said the darkening mood of consumers could presage a drop in overall energy demand, but added that "lower consumer confidence doesn't necessarily translate into lower energy demand." Tic' Toc` ....Durable goods report just came out with bad news for consumer spending...whodathunkit. Give me an R, an E, a C, an E, an S....