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Oil peaked, going down next week

Creepusmaximus

Creepusmaximus

New member
China is raising thier fuel prices and demand in the US is going down. This will be like gold prices. 10-20% drop in a short period of time.

I'll say it again $100 by Sept and $80 by T-day.

US dollar has bottomed or at least it looks like it for now. That helps with oil prices also.
 
billfred said:
You are a smart guy.

Go short oil - put your money where your mouth is and you will be retired by T-Day.

Good luck.
Click to expand...


I'm buying airlines, and shorting XTO and KWK. Nat gas will go with oil. I don't trade commodities directly.

Plan is I think there might be a big market sell off so I'm going after SDS and QID. When that's all over I'll be buying tech about third week of August because that's where the energy money will be rotating to.

Of course if I'm wrong and oil hits 150 next week, the plan will change very quickly. LOL.

Here's one for you. Take a look at NYX long.
 
I'll try and find the article..

they have announced a breakthrough, or rather advanced process, where they will be able to continue to produce ethenol from non food by products, corn husks, cobbs, and such, if not for the floods in iowa, the price should drop significantly..

buy land, they aren't making anymore of that..

house, 40' x 60' pole barn, on 5 acres of farm land with well, and windmill.. $90k but the prices have been going up the last 3 yrs..

good to know about the oil, i always said prices would drop and become a non election year issue..
 
Nigeria attack. That's a daily event and BTW I side with the rebels. They should rush the Gov't buildings and do a coup. Very corrupt Gov't.

No biggie there. Pipelines get attacked all the time in Nigeria and supply isn't the problem. Speculator money coming out will get oil to $100.
 
Creepusmaximus said:
I'm buying airlines, and shorting XTO and KWK. Nat gas will go with oil. I don't trade commodities directly.

Plan is I think there might be a big market sell off so I'm going after SDS and QID. When that's all over I'll be buying tech about third week of August because that's where the energy money will be rotating to.

Of course if I'm wrong and oil hits 150 next week, the plan will change very quickly. LOL.

Here's one for you. Take a look at NYX long.
Click to expand...

Oil will be $150 by the end of the year. Your airlines will be broke. Be safe - you are going to take it up the ass at the pump. No sense in doubling your pain by betting against oil stocks. Airlines are srewed unless they start charging by the pound.
 
billfred said:
Oil will be $150 by the end of the year. Your airlines will be broke. Be safe - you are going to take it up the ass at the pump. No sense in doubling your pain by betting against oil stocks. Airlines are srewed unless they start charging by the pound.
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+5

Oil wont drop significantly until teh jooz publicly state they have no beef with Iran. In the short term, anyway.
 
i have a can of motor oil in my garage... should i sell now or wait it out????
 
billfred said:
Oil will be $150 by the end of the year. Your airlines will be broke. Be safe - you are going to take it up the ass at the pump. No sense in doubling your pain by betting against oil stocks. Airlines are srewed unless they start charging by the pound.
Click to expand...

I also bought Nov. puts across the airlines a month or so ago. I'm hedged. They can all go BK and that would be good for me.

Damn Israel screwed things up for now. That's Bush's in for Iran. Israel starts bombing to stop the "nuclear weapons" that can be used against them. Iran does something back and our troops are headed over the Iraq border into Iran.

BTW Lost some on the airlines but I made as much in SDS and QID today so no big. Have to spread your money around.
 
I personally think gold's time has passed. I don't see it going up to 1,000 again any time soon.
 
75th said:
I personally think gold's time has passed. I don't see it going up to 1,000 again any time soon.
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there is a 10% gap between here and there, did you just start investing?
 
MightyMouse69 said:
there is a 10% gap between here and there, did you just start investing?
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Douche.

99% of the people I talk to who want to get into gold only want to because they think it will hit 1,000 again soon.

But yeah, I still would rather keep it in a money market earning 2.8% for the time being.
 
75th said:
Douche.

99% of the people I talk to who want to get into gold only want to because they think it will hit 1,000 again soon.

But yeah, I still would rather keep it in a money market earning 2.8% for the time being.
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lol, I'm 75% in fixed now, but you should hedge about 5-10%, a gain of 10% bro makes a big difference, its not going down anytime soon.
 
MightyMouse69 said:
lol, I'm 75% in fixed now, but you should hedge about 5-10%, a gain of 10% bro makes a big difference, its not going down anytime soon.
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Indeed. I have some in MRO and X. I got into X back in March as a hedge and after some new data came out. Will probably unload it soon.
 
Creepusmaximus said:
China is raising thier fuel prices and demand in the US is going down. This will be like gold prices. 10-20% drop in a short period of time.

I'll say it again $100 by Sept and $80 by T-day.

US dollar has bottomed or at least it looks like it for now. That helps with oil prices also.
Click to expand...

well it is a week later, oil went even higher .
 
SpyWizard said:
What up dogs??? oil +++ $140 barrel..

what's causing it?? inflation?? no... weak dollar against the EU ??? no..

discuss


15ow9qr.jpg
Click to expand...

It has become parabolic and most are saying to bail now, I have some natural gas - but it hasn't been tracking oil very good lately. I'd take my profits now if I was holding oil.
 
Creepusmaximus said:
China is raising thier fuel prices and demand in the US is going down. This will be like gold prices. 10-20% drop in a short period of time.

I'll say it again $100 by Sept and $80 by T-day.

US dollar has bottomed or at least it looks like it for now. That helps with oil prices also.
Click to expand...

energy analysts are reporting that, based upon current supply and current demand, the proper price per barrel is $60. . .the current premium is based purely on speculation. :rolleyes:
 
digimon7068 said:
energy analysts are reporting that, based upon current supply and current demand, the proper price per barrel is $60. . .the current premium is based purely on speculation. :rolleyes:
Click to expand...


which is exactly what Obama is saying, If correct i still don't agree with his proposal to take the money away from those earning it, and redistribute the money.. WTF.. socialism at it's finest..
 
digimon7068 said:
energy analysts are reporting that, based upon current supply and current demand, the proper price per barrel is $60. . .the current premium is based purely on speculation. :rolleyes:
Click to expand...

So let's take out the speculators mobster style so its obvious and nobody will dare replace them....
 
chazk said:
well it is a week later, oil went even higher .
Click to expand...

I'm surprised but no biggie. My airline play worked for 6% and my SDS and QID are paying well for now. I trade in the short term some times in a couple of hours. If I don't get it right I get out and I also hedge etc.

Oil still to high and one week doesn't make that much of a difference. China is raising fuel prices and that will slow down their market. The US demand is going down and so is Europe. It's a matter of time for oil to fall.

Of course if Iran and Isreal start going at it everyone will be driving scooters fast. LOL.

DOW 10,000 may be on it's way. I'm totally bearish right now.
 
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