Oldtent Archives 2007 - 2008

Markets Bet Heavily That Oil Will Move to $200

The facts about demand for crude staying strong in India, China, and the US are catching up to the market. So are concerns about unstable governments in Africa, the Middle East, and South America.

The percentage of oil staying within oil producing countries to build their own infrastructures is also being factored into prices.

According to Bloomberg “options to buy oil for $200 on the New York Mercantile Exchange rose 10-fold in the past two months to 5,533 contracts, a record increase for any similar period.”

These bets are not being made by under-educated retail investors. They are being made by professional traders who see large profits in putting money down that oil hits $200 by year-end.

Macroeconomic trends favor the bet more each day.

Douglas A. McIntyre

I have to cast my vote for support of the site editors-administrators as it seems to me over the past months you have shown remarkable restraint in deleting possible offensive posts. On those rare occasions, ample warning has been given, the chance for the poster to re-phrase or delete a post has been liberally applied to each instance along with an explanation of the reason. I may be wrong, but I only recall 3 cases of outright banishment. At least one very valuable, at least in my view, poster was lost when you would not censor all “offensive and vulgar”and I know that loss was not welcome by any of you. The web is an nearly endless universe to search for places to fit-in. The tent serves my purposes well just as it is.

You can please some of the members all the time, all…bla,bla bla.

The censorship I worry about will come from the it’s-for your-own-good-thought-police.

Gotcha.  Thanks for the clarification.

I wish.  Just trying to distract you guys back to the topic we all come under the Tent for that is found nowhere else… common sense for uncommon times.

GoldToe

Burma Shave!

there are many others on this board more qualified to speak on oil stocks than i and also about by products. i was simply stating that a close large supply of crude oil is coming on line and methods to process it will be in place soon. assumptions of commodity prices can be very erroneous. we have a record corn crop stored on the ground all over the midwest and price is in record territory.

a simple redneck has to keep thoughts simple. more crude, more refining, more product available to the consumer. lower prices SHOULD be the result. some companies will/have positioned themselves to take advantage of the coming situation. others will suffer. if you want an indication of where i’m looking, check out the price difference between diesel/heating oil and gasoline.

rno

i object to dead horse LOL

 It is not about the interpretation of the word “is”, it is about very poor moral judgement. [read more…]

For those who may not have seen this info recently at JS’s site, a very useful reference site to check out the financial condition and derivatives positions of your favorite bank.  I went through the Federal database last night to research banks with which I do business.  Check out your own bank.  Many banks use the word TRUST in their titles.  I humbly submit that the term has lost its meaning in many cases.

A simple comparison of 2 pages of these reports on your favorite different banks…the ‘Summary Ratios’ page and the ‘Derivatives and Off-balance Sheet Transactions’ will show you the quicksand that many institutions are presently residing. 

Original link from JS site:

http://www.ffiec.gov/nicpubweb/Content/help/HelpAdvancedInstitutionSearch.htm.

Once there take the following steps:

1. Go to top of page, click on “Institution”.
2. Fill in the information for the address of the home office of the bank - be sure to spell the name correctly, for example U.S. Bancorp not US Bancorp - or use the RSSD ID, Routing Transit Number, or FDIC Certificate Number.
3. Click on the name of the bank that matches your search.
4. Go to “Financial Data” and click on “Create Report” for the entity you want.
5. Click on “Your request for a financial report is ready”
6. Go to Table of Contents and find page for Derivatives Reports or Click on Search for “Derivatives” on the PDF form.
7. On the page titled “Derivative and Off-Balance Sheet Transactions” the Bank’s exposure is detailed for itself and in comparison with that of its peer banks. On the page titled, “Derivative Instruments” the type of derivatives held by the bank are detailed. 

I thought you wanted your member name removed and to heck with this.   I went to alot of effort to give you a smilie goodbye - yet here you are back again.   WHY?  

You haven’t beat this dead horse enough - you just want to keep kicking, beating, stirring and now trying to blame it on the editors because they did not remove the whole post!  How about if you had not put your nose into something that was none of your business, none of this would have happened.

It is not going to change - the editors are going to continue to try and keep posts in good taste - if thats not for you, then maybe you will be happier over at one of the Yahoo boards where everything goes.  JMO

……and Willie……who was added at the last second..(thanks Ipso Facto) is making a surprising (to me) showing

..I know we couldnt list them all….some of the others ..like those you post here (Dorsch)..are good but not too well known……cheers FGC

….to post such a vulgar phrase at Paradise….did you get the memo…?do you know what the phrase means…?…like who would post something like that on a board that doesnt accept vulgarity ?…SOEE already apologized to Loosemoose for the Idiot comment..a knee jerk reaction ….so far Loosemoose has not admitted any wrongdoing…….You sir are backing the wrong horse ( Moose)

I think the poll was a good one.  Looks like it took care

of the Sinclair debate. As I noted the other day there

are a lot of other top notch commod/financial/gold

analysts that could have been on the poll list but

that’s the way it goes. The real “Gold Tent analyst poll”

winners have been  listed over on the sidebar for awhile.

Auric