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To: Dane

Soros has given up. His internal sources say W's gonna win, so he's pulling out of the oil market and prices will return to normal within a week or two.


2 posted on 11/01/2004 8:25:07 AM PST by RockinRight (Bush's rallies look like World Series games. Kerry's rallies look like Little League games.)
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To: RockinRight

well, to be honest, this was going to happen post-election either way. Soros play was simply to keep the price up going into election day to hurt Bush, and he did that. Now, he is dumping those speculative positions. From $55, I expect a $10-12 drop, so figure $43-45 settling price.


12 posted on 11/01/2004 8:27:20 AM PST by oceanview
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To: RockinRight
Much more likely that the pending Nigerian strike has been settled. Stay tuned -- it'll be all over the wires before mkt close.

Moral: he who bets on strikes had better have the cell # of the strike leader(s).

15 posted on 11/01/2004 8:27:59 AM PST by SAJ (Buy 2 March NG 15.00 calls, write 5 March NG 18.50calls against, for 5-10 cent credit.)
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To: RockinRight
Soros has given up. His internal sources say W's gonna win, so he's pulling out of the oil market and prices will return to normal within a week or two.

Yup, as I've told a number of Kerry supporters who swear Bush is raising the prices to get rich. I predict $45-$46 by Friday no matter the outcome of the election.

16 posted on 11/01/2004 8:28:21 AM PST by chuknospam
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To: RockinRight

Gold is down, too.


23 posted on 11/01/2004 8:33:08 AM PST by snopercod (Inflation, it's how wars are paid for.)
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To: RockinRight

Soros has been pulling out of the energy markets for
several months now. He has hedged his bets and he has
made many times over what he had paid out to support
Kerry.

Hmmmm. Make 10's of millions of $ in profits
and have my candidate looze....Hmmmm.

The rails have been in virtually a straight-line
uptrend since Aug. Kerry hates coal and would
likely regulate it to death. Yet, the rails, which
derive huge %ages of their revs from coal, have
been uptrending for more than 2 months.
See UNP, CSX, BNI

MV


25 posted on 11/01/2004 8:33:19 AM PST by madvlad
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To: RockinRight

Soros has been pulling out of the energy markets for
several months now. He has hedged his bets and he has
made many times over what he had paid out to support
Kerry.

Hmmmm. Make 10's of millions of $ in profits
and have my candidate looze....Hmmmm.

The rails have been in virtually a straight-line
uptrend since Aug. Kerry hates coal and would
likely regulate it to death. Yet, the rails, which
derive huge %ages of their revs from coal, have
been uptrending for more than 2 months.
See UNP, CSX, BNI

MV


27 posted on 11/01/2004 8:33:31 AM PST by madvlad
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To: RockinRight
I suspect that Soros doesn't have enough money to drive up oil that way. The oil markets are huge and someone would have to dump billions into them to artificially push up the price.

Maybe it's possible, but I really doubt he could do it.

32 posted on 11/01/2004 8:41:13 AM PST by elmer fudd
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To: RockinRight

That's what I'm thinking. Prices have been driven up by those targeting our economy to make the President look bad.

That would include the billionaires, China, and OPEC.

Moore's rant about Bush ties to Saudi are absolutely laughable. The Saudis have done everything in their power to hurt this president....to include OIL!


47 posted on 11/01/2004 9:50:46 AM PST by xzins (Retired Army and Proudly Supporting BUSH/CHENEY 2004!)
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