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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (7162)	5/12/2008 8:07:53 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 71454

The oil short is showing unexpected gains.

To: RockyBalboa who wrote (7162)	5/26/2008 7:26:52 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 71454

Backwardation update: in Elroys diction this could be bullish. The value collapsed from -300 to -50 as predicted right after the May delivery, where it is solidly offered now. It was much faster than the wheat backwardation fade. The further out contracts in Rice actually gained in value about 100. Wheat broke through $8 and was solidly bid at 7.40 not far from my 7.25 target, again a 10% drop, actually. But it is the right shoulder fading out and surprise runs are always possible.