**New Trade Alert – Long Crude*** The TF 101 system did get long crude from the open. The system is once again long crude. I am far more worried about this trade – the crude market seems extremely fragile to me. My friend Chris Cook was mentioned in the FT today. He says there is [...]
Speculative Bid in Oil and Gasoline Gets Crushed, Again
September 2, 2011 by · Leave a Comment
Even the most basic look at the oil and gasoline markets will uncover that most of the price increases in oil and gasoline have been due to speculation, not true underlying demand. Oil supplies are down a bit, but still near 5 year highs in the United States. Saudi Arabia is pumping more oil than [...]
Oil Bear Market? Massive Longs Liquidating their Positions imply a price of $70/barrel
August 18, 2011 by · Leave a Comment
The big story of the last year is the inflation trade. We are seeing now is the complete refutation of the inflation trade. Oil prices dived 35% lower in just a few weeks. Bond prices are making new highs nearly every day. Both of these bets – short bonds and higher oil – are [...]
