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TyFenn TyFenn is offline
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Join Date: Nov 2001
Location: Marina del Rey, CA
Posts: 508
There are other factors in determining the price of oil, if I'm not mistaken.

Keep in mind,

Nigeria hates us
Venezuela hates us
Iran hates us
Iraq....

Then there is hurricane season, which just begun.

If one of these situations are altered - look out. I think we'll see $80 oil before $35 oil, IMHO.

I don't think oil will EVER go below $50 a barrel again.

***DISCLAIMER*** My call on Copper was almost completely wrong. It did fall, almost 24 hours after I said it wouldn't.

Brokerage houses do set their own margin requirements. That was how Bill and Hillary Clinton turned $1,000 into $100,000 in something like 6 days. Some might remember that story.

Finally, the easy has definitely left the building.

Best Regards,
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Old 06-24-2006, 06:27 PM
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