To: NYer
Or the hedge funds decided to make commodities a new place to park part of their dough.
Will it be a permanent policy or temporary?
5 posted on
04/20/2006 1:23:46 PM PDT by
Shermy
To: Shermy
If this just occurred to you, you've missed your Weekly Reader. Last Monday's inventory report also reported over one million open interest contracts for crude, 2 oil and gasoline. The Funds are involved in a very big way.
To: Shermy
Correct, energy, oil especially is the new "bubble" for stay at home money lusers.
first it was the dot com / stock bubble
then it was the housing bubble
now energy futures.
Once carpet bagging over seas speculators get involved the price goes up big time as they run their pyramid scheme to get in and short out
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