Oil Slick Stuff

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nnuut said:
Down Down and the Market isn't reacting to the news like it usually does, must be asleep, I would watch out for the WAKE UP!:worried:
Click to expand...

Yup, and gas prices will still go up... Not sure why, nor feel I can do anything about it.

So, going to buy a bike tonite (which is probably what they want)...
 
The price of Gasoline seems to BOUNCE UP and TRICKLE DOWN, patience.:D
But the bike might be a good idea, how about something in between, an Electric Bike?
View attachment 11027​
 
May 5, 2011, 12:08 p.m. EDT
Oil slides 5% on demand fears, metals selloff

Natural gas drops more than 4% after inventories report


By Claudia Assis and V. Phani Kumar, MarketWatch
SAN FRANCISCO (MarketWatch) — Crude-oil futures fell Thursday on another sign of a poor job market and a selloff in precious metals, with prices still reeling from higher-than-expected U.S. inventories and economic data that have rekindled concerns of slowing growth and lower demand for oil. http://www.marketwatch.com/story/crude-oil-extends-fall-in-asia-trading-hours-2011-05-05
 
nnuut said:
The price of Gasoline seems to BOUNCE UP and TRICKLE DOWN, patience.:D
But the bike might be a good idea, how about something in between, an Electric Bike?

View attachment 11027​
Click to expand...
Hey...I thought that looked familiar..

gulch.jpg
 
I was cutting the lawn!
Yep closed at $99.80 and eventually the Market noticed and quit playing games although the TRAN probably likes it?
 
It's the ALL MIGHTY BUCK!
Demand’s Not Killing Commodities — The Dollar Reversal Is

By Jeff Macke 2 hours 36 minutes ago
For those tied to the headline drops in silver, gold and crude, please note that smart, or at least professional, money has an eye on the U.S. dollar.

"Crude Demand Falling" is a nice headline, but is simply false, to be kind.
From where I'm sitting, and after discussions with brainy traders like Jon Najarian (we'll have clips up soon from our talk), the reversal of the dollar is the dog to the commodities' tail. When the dollar moves higher, as it is today, particularly against the euro, it takes fewer dollars to purchase commodities. So when you take your dollar to buy a brick of gold or silver or a barrel of crude, you don't need as many as you did yesterday.
http://finance.yahoo.com/blogs/brea...227035.html?sec=topStories&pos=1&asset=&ccode=
 
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