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January 2008

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2

99.07! Some rules I read and used and now share with you

January 23, 2008 – Comments (0)

I read a couple of very useful tips for CAPS players trying to improve their ratings.  One has helped me very much, one should kick in any time.  But at this 10 seconds, I'm at 60% accurate and 99.07 overall with 863 points - way cool for me!  [more]

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2

Does Speculation drive prices DOWNward?

January 08, 2008 – Comments (0) | RELATED TICKERS: COP , GE

If you've listened to the news lately, you'll hear that many, if not all, of the so-called experts on crude oil prices are claiming the primary reason for the oil prices being so high ($97/bbl as of this posting) is that speculators are driving the price upward.  Here's where my left-brain kicks in:  If oil just hit $100 for the first time ever (and it did), would most speculators be SELLING or BUYING?  I would think most speculators would be SELLING.  If this is the case, then we have an artificially LOW price at $97.  In other words, if Supply and Demand were left to run its course, perhaps Oil would be at $110 or $120 or higher, but it is kept artificially LOW (I know that sounds weird when you're talking $97/bbl) by speculators selling.  Now, I could be wrong and it could be that a bunch of speculators are jumping in at $97 oil, but virtually NOBODY thinks oil will be over $90 in a year, so I'm inclined to think most speculators would be selling.  [more]

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