SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: gregor_us who wrote (21841)8/6/2009 11:10:36 AM
From: Real Man  Respond to of 71479
 
I would argue both crude and nat gas were shorted to the
hilt by certain government-sponsored financial speculators,
to well below where the price should be. Then certain rating
agencies, well known for their fair AAA ratings of subprime
debt, downgraded Russia, which holds half a trillion US debt and
wanted to rid itself of dollars, so that it throws its
marginal supply of commodities on the market in dire straits
like it's 1990. They downgraded it for nothing less than
holding 100 bln. of Fannie and Freddie MBS in reserves.
Printed funds were provided to the government-sponsored speculators
for this noble purpose.

In other words, the situation is temporary,
and the longer price stays here, the more shortages we will see
in the future. -g-



To: gregor_us who wrote (21841)8/6/2009 12:01:25 PM
From: Real Man  Respond to of 71479
 
That story was about as ugly as AIG in commodities, as
Goldman revamped their commodity index to kill them, as
they were Amaranth's counterparty in trades.

Of course, nobody missed the evil speculators, and Amaranth
was charged with manipulation and stuff. Once they died,
oil promptly went much higher.

en.wikipedia.org


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News