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Crude possibly to bounce???

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    #1

    Crude possibly to bounce???

    Was doing my Sunday afternoon reading today and came across this.

    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_eg6Up9UHFQ

    There are powerful forces at work right now.
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    #2
    Why they did not make cuts already is beyond me. So far up a buck. I am beginning to think the futures markets are broken somehow.

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      #3
      The whole market is broken and how it got this low is beyond me.

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        #4
        Guys... this is 'volatility trading'...logic and fundamentals don't drive the market... EXCEPT IF they drive volatility. Every country in the world that matters... want commodities to collapse.

        You can't really be surprised... can you?

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          #5
          The world should be careful what it askes for because when commodity prices are lower than the cost of production we all know that shortages are the result. Does the world really want to be starving and freezing. Like it or not - the system needs to run on exchange. Not too profound but reality.

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            #6
            Tom-what the hell are you talking about?

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              #7
              Cottonpicken

              China and India drove the commodities... up... Asia-pacific...

              There are massive price controlled systems in place in Asia... that counteract prices we get for our grain... domestic controls to keep prices controled. These folks are VERY pleased blackoil is falling out of the sky...

              A big win for them (Asia) on all sides.

              THis hasn't hurt the US much either. Russia is hurting big time...

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                #8
                Russian business is getting bought out by the Chinese. Like one big Chinatown. Locals are pissed.

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                  #9
                  tom you seem to think this last spike was s&d driven. it was a bubble like us housing, the dot coms, etc. it was a money play and that's why it burst so fast. they took their profits and left. nothing really changed. there wasn't a crop failure on half the globe and women around the world didn't give birth to sixteen year old sons who could eat twenty pounds a day. this has happened before and the smart guys harvested the funds as stickland used to say. supply and demand don't change overnight, they develop.

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                    #10
                    world bank forecast for commodity prices over the next few years.


                    http://www.ft.com/cms/s/0/bcda848c-c62a-11dd-a741-000077b07658.html

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