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

To: Bearcatbob who wrote (172986)	9/29/2012 6:55:45 AM
From: MoneyPenny	1 Recommendation Respond to of 206214

Friday Humor: Don't Drink And Trade Submitted by Tyler Durden on 09/28/2012 14:31 -0400 Via OilPrice.com, Broker Sent Oil Prices to Eight Month High in a Drunken Stupor On June the 30th 2009 oil mysteriously jumped by more than $1.50 a barrel during the night, to reach its highest price in eight months, the kind of swing that is caused by a major geopolitical event. The amazing, true cause of this price spike has now been released by a Financial Services Authority investigation (FSA). Although not authorised to invest company cash in trades Steve Perkins, a long standing, senior broker at PVM Oil Futures, had managed to spend $520 million on oil futures contracts throughout the night. On the morning of the 30th an admin clerk called Mr Perkins to ask why he had bought 7 million barrels of crude during the night. Mr Perkins had no recollection of the transactions, and it turned out that he had made the trades during a “drunken blackout.” By the time PVM had realised the transactions had not been authorised by a client, they had incurred losses of $9,763,252. Between the hours of 1.22am and 3.41am, Mr Perkins gradually bought 69 percent of the global market, whilst driving prices up from $71.40 to $73.05, by bidding higher each time. At 6.30am, presumably sobering up and realising what he’d done, he sent a message to his managing director claiming an unwell relative meant he would not be able to make it into work. Following an official investigation Mr Perkins admitted to having a drink problem, had his trading license revoked for five years, and was given a fine of £72,000. The FSA have said that they will re-approve his license after the five year period, if he has recovered from his drink problem, although they warned that “Mr Perkins poses an extreme risk to the market when drunk.

To: Bearcatbob who wrote (172986)	9/29/2012 8:08:26 AM
From: Ed Ajootian	3 Recommendations Read Replies (1) \| Respond to of 206214

BCBob, pray tell why you think so?

To: Bearcatbob who wrote (172986)	9/29/2012 1:25:15 PM
From: MIRU	1 Recommendation Read Replies (1) \| Respond to of 206214

For selfish oil and gas investors Obama is by far the best candidate. Bob, while I think Romney would be more able (and willing) to deal with our debt/fiscal/economic crisis, If we really take him at his word (a bad bet historically) the first thing he will do is start trouble with China, the only hope for rescuing the world economy, and then get rid of Bernanke, the only force supporting the stock market. P.S., the "Obama phones" may be the "Willie Horton" of the campaign, though it is amazing how many outrageous things the rabble choose to ignore.