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.
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.
Moral: he who bets on strikes had better have the cell # of the strike leader(s).
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.
Gold is down, too.
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
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
Maybe it's possible, but I really doubt he could do it.
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!