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laphill
Posted : Tuesday, May 6, 2008 11:19:12 PM
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Check out BRNC and BEXP. 
winfieldh
Posted : Wednesday, May 7, 2008 5:51:13 AM
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Yes. If you want to see a boat load of cup/handle (4-6months) patterns click on the 'Energy' just below the stock name and select  'change watchlist to subindustry components', then sort by 'capitalization'. The last three days has been a bonanza for most of these. Is this the next forming bubble???
realitycheck
Posted : Wednesday, May 7, 2008 10:32:02 AM
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QUOTE (winfieldh)
Is this the next forming bubble???


Quite possibly ... and if it is to be what is know as a "superspike" in the complex ... it will likely persist for a couple of years ... and may spike to $200/bbl or above ...

I don't know if you read the commentaries over at kitco ... (at the obvious URL) ... but there is currently an interesting one by Howard Ruff that talks about a hyperinflationary depression ...

diceman
Posted : Wednesday, May 7, 2008 2:19:31 PM
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Howard Ruff predicting hyperinflation and a depression.
 
George McGovern says Hillary should get out of the race.
 
The government solution to everything is to raise taxes.
(if we only take enough of your money everything will be fine)
 
-----------------------------------------------------------------------------
 
 
It seems like the more things change.
The more they stay the same.
 
 
Why do I feel like Michael J. Fox in back to
the future?
 
 
 
Thanks
diceman
Sir Bollinger band width
Posted : Wednesday, May 7, 2008 2:58:27 PM
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Bubble bubble, toil and trouble?

The OIX-X looks to stil be in its long term upward channel.   An significant upside breakout of that channel could be at least an intermediate top..

The uptrend is now about 6 years old with the price remaining firmly above all moving averages.

winfieldh
Posted : Wednesday, May 7, 2008 7:45:42 PM
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Bubble bubble, OIL and trouble!!
laphill
Posted : Tuesday, May 13, 2008 3:28:50 PM
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Hope my brothers are invested in energy, ie oil,nat gas, coal, green- (COP,KOL,PBW). 
laphill
Posted : Friday, May 16, 2008 8:20:11 PM
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It's suprising so many people either don't understand the strength of world oil demand, or just don't want to acknowledge it. 
laphill
Posted : Saturday, May 17, 2008 6:37:19 PM
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Big Brown runs like KOL.
jimstacy
Posted : Wednesday, May 21, 2008 2:05:57 AM
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is it possible oil can go to 150 or better?
diceman
Posted : Wednesday, May 21, 2008 2:32:26 AM
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 "is it possible oil can go to 150 or better?"
------------------------------------------------------
 
It sure can. Long-term its probably going at least to
$200.
 
 
Thanks
diceman
 
jimstacy
Posted : Saturday, May 24, 2008 3:25:00 AM
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200 sounds great for oil companies, 150 sounds better, for my interest in buying gas at the pump. Dubi(spelling?)is building like there is no end to the oil boom, Russia and China had American engineers work on improving their operations, more oil is found daily. I would expect to see the bubble burst spilling oil on the world in the near future. Iraq has to be up grading their oil service, What was Bush doing asking the the Arabs to increase production, he should have gone to Iraq and personally opened the spicket wide open. There is a little politics going on. Iraq has to be taking in the big bucks.  two yrs ago at election the price droped before election, and went back to riseing as the election took place??  I wonder if this will happen again. China could be ready for a down turn, any one know how their stock mkt is doing. look back at the Japan mkt after it had a run to 37,000? nothing goes up forever, the shorts have to come out eventually.

winfieldh
Posted : Saturday, May 24, 2008 5:00:35 PM
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Which has more bearing on the price of oil for us, the fact that the dollar is less and less of value or the supply/demand curve? I know I know, its both....but everyone I talk to (very rural south) goes with the supply/demand argument and thinks if the supply were turned up the price would drop. I like that train of thought, but what really makes more sense is the value of the dollar being less and less. If the dollar is worth less then you have to give more of them to purchase the same stuff (barrel of oil). Has the price of gas gone up equally around the world? I don't know but I don't hear/read about that. It seems to me that we need to get the dollar working for us again (ie, stop printing it like its going out of style) and that will help everyone. 

So let's go out and start BURNING dollars to get them off the market....hey, lets start up a company that uses a dollar-fired furnace to generate electricity!!! Brilliant!!! Just back up your truck load of dollar bills (any denomination would be fine) and dump them into the hopper. Just keep a few so that when they're almost all gone the few you have left will be worth a FORTUNE!!! 

jimstacy
Posted : Sunday, May 25, 2008 3:59:15 AM
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Send those excess $$s to me, I promise to burn them for all who participate, no need to have several fires, global warming?  the $ is the problem, globalization its called? the need to bring our economy in line with Canada and Mexico. funny how it hasn't hurt oil company excutives, just the workers. what the heck they can retire some one will work for the the lowly $s, even if they come here illegal. the cost around the world couldn't be the same, emerging economies wouln't have the base wage to support our price. the supply/demand theory will work out as soon as the price is set. than that bubble will burst?

laphill
Posted : Tuesday, May 27, 2008 12:51:34 AM
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Oil in Euros has not gone up as much as oil in Dollars. But the real problem is Emerging populations discovering how much fun it is to drive their own car. I think we can all identify with that.
laphill
Posted : Thursday, June 5, 2008 3:12:48 PM
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Hope everyone DUG themselves out and started a new DIG.
laphill
Posted : Thursday, June 5, 2008 6:52:44 PM
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New all time closing highs : NOV,PXJ,TE,XCO
laphill
Posted : Tuesday, June 17, 2008 11:24:04 AM
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Energy stocks resuming their uptrends.
laphill
Posted : Thursday, June 19, 2008 12:25:57 PM
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Flip flop. Energy appears to be in a corrective mode. Consider buying DUG.
realitycheck
Posted : Thursday, June 19, 2008 2:01:30 PM
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Yep ...

China's announcement that they were going to reduce subsidies ... allowing the price of gas and diesel rise 16% ... took a bite out of the crude market ...

However ... so far crude has simply fallen to the bottom side of the $132-$140 consolidation that it has been in for a couple of weeks ...

It'll be interesting to see how it all sorts out ...

laphill
Posted : Thursday, June 26, 2008 5:42:53 PM
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Energy sector still looking good. May also want to look at homeland security.
laphill
Posted : Thursday, July 10, 2008 5:15:43 PM
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It almost looked like an orchestrated energy correction. So much negative oratory forcasting it. The shorts IMO are now covering and the "speculators" are jumping back on the fundamental story.
laphill
Posted : Monday, July 14, 2008 6:35:31 PM
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Just bought into TMR (after mkt) based on Worden daily chart with notes and company fundies. Thanks
realitycheck
Posted : Wednesday, July 16, 2008 10:48:48 AM
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Well ...

That takes us through the trendline ... seems as if an intermediate term top has been put in ...

I wouldn't be surprised to see us trading in a range now for a few months ...

Maybe with a bottom at least as low as $122 ... maybe lower ...

BigBlock
Posted : Wednesday, July 16, 2008 12:20:36 PM
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QUOTE (realitycheck)

Well ...

That takes us through the trendline ... seems as if an intermediate term top has been put in ...

I wouldn't be surprised to see us trading in a range now for a few months ...

Maybe with a bottom at least as low as $122 ... maybe lower ...



Just in time for the cold season - coincidental??
laphill
Posted : Thursday, July 17, 2008 10:20:58 AM
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Ya'll might consider sliding back into oil+gas+coal.
laphill
Posted : Monday, July 21, 2008 4:25:49 PM
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Energy looked good today. Should you get back into inflation plays ?
realitycheck
Posted : Tuesday, July 22, 2008 10:34:53 AM
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Well ... 

I see it like this ...

Crude has traditionally traded in the 8-10 bbl/troy oz Au range ...

So ... in order to restore that ... oil is going to have to move lower ... or gold higher ...

I'm betting that they find a place to meet in the middle ...

I continue to believe that crude going to $122 is virtually a foregone conclusion after breaking the trendline ... (my wallet hopes very much that I'm right) ...

realitycheck
Posted : Friday, July 25, 2008 11:20:31 AM
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Well ...

I suspect that I'll be buying to cover my crude today ...

It may get to $122 before I do ... or it may not ... but we're just getting down to a level where ... short term (at least) ... where I'd rather be buyer than a seller ...

Add to that all of the geopolitical type bullshit that can go wrong over the weekend ... and somewhere down deep inside of me a voice is saying to end the trade and be happy ... whether it turns out to be 14 points ... or maybe just 12 ...

I'm starting to hear things like "shorting oil is a no-brainer" ... from folks who I'm relatively sure have no brains ...

That tells me it's time to start heading for the door ...

laphill
Posted : Wednesday, August 20, 2008 11:17:02 PM
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Energy stocks look like they may be putting in a bottom.
yinzer
Posted : Thursday, August 21, 2008 11:20:09 AM
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QUOTE (laphill)
Energy stocks look like they may be putting in a bottom.



Metals and Mining too (seems to reason I guess).
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