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To: Rangle who wrote (39350)	2/20/2009 6:26:15 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 48461

Buy a farm somewhere like Iowa, Missouri, Tennessee, Kentucky... Low taxes, nice people, decent government. Have holdings now in all 4 of those states. I say that as a citizen of the corruption capital, Illinois. corruptisima re publica plurimae leges In the most corrupt state are the most laws

To: Rangle who wrote (39350)	2/20/2009 6:38:40 PM
From: Bucky Katt	Respond to of 48461

That futures trade I did was due to the expiration, and as I always say, expiration weeks tend to be lively. I had a good feeling they would run it up (the March crude contract) yesterday, and they did. Next week we switch to a new contract, so more games to be played. _________________ NEW YORK, Feb 20 (Reuters) - U.S. crude oil futures fell on Friday, after shooting up 14 percent on Thursday, on persistent demand concerns amid a weak economy and as traders liquidated positions on the front-month March contract, which expired at the close. "Liquidations on the expiring March crude put pressure on crude futures today. But that's only part of it. The earlier stock market tumble on the weak economy showed fears of demand destruction," said Phil Flynn, analyst at Alaron Trading in Chicago. Safe-haven buying lifted U.S. gold futures to a seven-month high above $1,000 an ounce on Friday, putting the benchmark gold contract within reach of the record high of $1,033.90 hit last April. For the latest detailed report click on [GOL/] "Oil has been following that down, and gold rallying is a sign that people are worrying about what will happen to the economy," said Gene McGillian, energy analyst at Tradition Energy in Stamford, Connecticut. Gasoline futures led losers in the energy complex, as traders revisited data showing a surprise inventory build for gasoline stocks last week. PRICES * On the New York Mercantile Exchange, March crude CLH9 expired and settled down 54 cents, or 1.37 percent, at $38.94 a barrel, trading from $36.91 to $39.50. * April crude CLJ9 ended down 15 cents, or 0.37 percent, at $40.03, trading from $37.54 to $40.13. * The March/April spread ended at minus $1.09, widening from minus 70 cents on Thursday. For a graph of the front/next month spread, please click on [CL-1=R]. * In London, April Brent LCOJ9 ended down 10 cents, or 0.24 percent, at $41.89 a barrel, trading from $39.78 to $42.10. * NYMEX March RBOB RBH9 settled down 2.40 cents, or 2.18 percent, at $1.0746 a gallon, trading from $1.0231 to $1.0835. * NYMEX March heating oil HOH9 ended 0.78 cent lower, or 0.65 percent, at $1.1967 a gallon, trading from $1.1470 to $1.1970. * The March/March RBOB crack spread <0#RB-CL=R> ended at $6.19, down from $6.66 at the close on Thursday. The March/March heating oil crack spread <0#CL-HO=R> ended at $11.32, up from Thursday's close at $11.11. * The spread between the current front month and the five-year forward crude contract CLc61 ended at $28, widening from $27.35 at the close on Thursday. The March 2014 contract settled at $66.94, up 11 cents, or 0.16 percent. TECHNICALS NYMEX crude 10-day/20-day moving average: $37.25/$39.69 Technical support/resistance: NYMEX crude: $34.00/$40.00 NYMEX heating oil: $1.1770/$1.27 NYMEX RBOB: $1.06/1.11