Commodities

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wicked oil July 5th, 2008 I am spending my fourth of july weekend in Boston visiting my college roommate. While at a BBQ last night I got a chance to speak with a few wicked smart MIT kids. Not surprinsingly these kids have an IQ comparable to the price of oil but when it comes to the stock market most make the same mistakes as the average investor. This brings me to the point of this entry. As of late Oil has been getting a lot of media attention. The perception is that oil will go through

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.picture { background-color: #f9f9f9; border: 1px solid #cccccc; padding: 3px; font: 11px/1.4em courier, sans-serif; } .picture img { border: 1px solid #cccccc; vertical-align:middle; margin-bottom: 0px; } .right { margin: 0.5em 0pt 0.5em 0.8em; float:right; } .left { margin: 0.5em 0.8em 0.5em 0; float:left; } Index Close Today’s Change One Week Return One Month Return Three Months Return Six Months Return One Year Return Basic Materials 78.04 0.22% -6.74% -8.14% -1.99% 1.69% 10.12%

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http://blogs.wsj.com/environmentalcapital/2008/06/26/oil-shock-analyst-predicts-7-gas-mass-exodus-of-us-cars/
Oil Shock: Analyst Predicts $7 Gas, “Mass Exodus” of U.S. Cars
Keith Johnson | June 26, 2008
Oil at $135? That was just the opening skirmish in the “peak oil” wars. The latest smart money? $200 oil in 2010, with gasoline at $7 a gallon. And that is going to turn Americans into car-shunning Europeans once and for all—poor Americans, at least.
That’s the latest gloomy forecast from Jeff Rubin at Canadian brokerage CIBC World Markets, who just a few months ago figured $200 oil would be a thing of the distant future—like 2012.
Mr. Rubin laughs off recent attempts to take the steam out of global oil markets. Saudi production promises of 200,000 barrels a day doesn’t dent the 4 million barrel-per-day decline from aging fields every year, for starters. And it will just be “gobbled up” by increasing domestic consumption in Saudi Arabia, like other oil-producing countries that subsidize fuel.
So what about […]

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Grant Smith - “Crude Oil Falls as Iran Responds to Offer on Nuclear Program” http://www.bloomberg.com/apps/news?pid=20601082&sid=aQcYxNJa.Q2M&refer=canada Crude Oil Falls as Iran Responds to Offer on Nuclear Program Grant Smith | July 4, 2008 Crude oil fell from near a record after Iran said it gave a “constructive” response to incentives intended to persuade the nation to stop uranium enrichment. A compromise may allay concern that Israel is ready to attack Iran’s nuclear installa

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mutineermike wrote an interesting post today on
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http://www.bloomberg.com/apps/news?pid=20601082&sid=aQcYxNJa.Q2M&refer=canada
Crude Oil Falls as Iran Responds to Offer on Nuclear Program
Grant Smith | July 4, 2008
Crude oil fell from near a record after Iran said it gave a “constructive” response to incentives intended to persuade the nation to stop uranium enrichment.
A compromise may allay concern that Israel is ready to attack Iran’s nuclear installations, starting a conflict likely to cut supply from OPEC’s second-largest oil producer. Futures climbed to a record $145.85 a barrel yesterday on speculation tension in the Middle East may worsen.
“For both sides to show they can give up something could calm down political risk in the area,” said Thina Saltvedt, an analyst at Nordea Bank AB in Oslo. Prices may “in the immediate term drop one or two dollars” if a compromise is reached.
Crude oil for August delivery fell as much as $1.41, or 1 percent, to $143.88 a barrel in electronic trading on the New […]

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[Technorati] Tag results for commodities wrote an interesting post today on
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Below is another article written by Dr. Van K Tharp, reprinted with permission. He is a well known figure in the world of financial markets. I find his works to be very useful to my trading venture. So, traders out there, do read this article and absorb as much as you can. ———————————–——— Stopy Worrying Yourself Out of Profits By Van K. Tharp, Ph.D. Every time Michael thought about entering the market he said to himself “But what if I lose?” Those thoughts often paralyzed him from action

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[Technorati] Tag results for commodities wrote an interesting post today on
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ABC News Why Are Oil Prices Rising? istockAnalyst.com, OR - 3 hours ago Apparently the stock market thinks the China boom is peaking. I doubt that. My commodities strategy was up only slightly in June despite large gains in the … OPEC’s policies spurring price hike Dailyrecord.com Commodities Prices Jump, And Upward Trend Wall Street Journal Energy challenge: We’ll have to fix it ourselves RALPH SURETTE TheChronicleHerald.ca Forbes all 715 news articles posted by Google News ©2008 Sur

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[Technorati] Tag results for commodities wrote an interesting post today on
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With the world obsessed with the rising oil price, steel has not received the same amount of attention it ought to have received. It is in this context that the proposed merger of Australian mining giants BHP Billiton and the Rio Tinto Group, raises important questions about the structure of the market. Thomas Palley describes the market as a bilateral oligopoly between the ore producers who extract pig iron, and the ore users who make cold steel. Unlike other commodity markets, iron ore price

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[Technorati] Tag results for commodities wrote an interesting post today on
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Former Refco CEO Gets Prison for Fraud July 5th, 2008 | No Comments | Posted in Business Former Refco CEO Gets Prison for Fraud Posted: Thursday 07/03/08 02:00 PM EDT The former chief executive of now-defunct Refco Inc. is sentenced to 16 years in prison for concealing hundreds of millions in debt that led to the collapse of one of the world’s largest commodities brokerages.[Read original] Tags: Brokerages, Ceo, Chief Executive, Collapse, Commodities, Fraud, Refco Inc

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[Technorati] Tag results for commodities wrote an interesting post today on
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Expensive Commodities and the Stock Market istockAnalyst.com, OR - 2 hours ago One must keep in mind some very real differences between the commodity markets and the stock market. One could easily have a stock market where short … posted by Google News ©2008 Surprising Stocks. All Rights Reserved..

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