To: RSmithOpt; PogySailor
FWIW. Heard on CNBC this AM that crude prices are rising because of "anticipated rise in demand" due to imminent world-wide economic recovery.
65 posted on
05/11/2009 10:13:24 AM PDT by
Roccus
(The Capitol, the White House, the Court House...........America's Axis of Evil)
To: Roccus
I call bull on that...it's because the dollar is softening steadily and teamed with futures speculators pinching the price up.
We can bet the farm they will pull the same BS that was pulled last summer as 4 swap traders (companies basically) held 71% of all NYMEX futures contracts in July 2008.
Certain remaining large hedge fund managers ar$ses are on the line now and some vehicle is needed to reap type of profits by end 3Q 09..
70 posted on
05/11/2009 10:20:30 AM PDT by
RSmithOpt
(Liberalism: Highway to Hell)
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