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Crude & Agri commodities
 The Equity Desk Forum :Economy, Markets and commodities :Commodities - Gurus call it the best hedge in current times :Crude & Agri commodities
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Ajith
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Quote Ajith Replybullet Posted: 06/Sep/2006 at 9:31pm

Today I read in yesterdays FE about new and effective 3D imaging exploration technolgy for normal and difficult-to-locate oil .Maybe long-term bearish for oil?



Edited by Ajith - 06/Sep/2006 at 10:12pm
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BubbleVision
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Quote BubbleVision Replybullet Posted: 12/Sep/2006 at 3:09pm
Here they come......
 
Some hedge fund managers say they can't take any more losses.

Ospraie Management LLC, run by Dwight Anderson, liquidated the $250 million Ospraie Point Fund that fell 29 percent in the first five months of the year, in part because of wrong-way bets against commodity prices.

MotherRock LP, the hedge fund run by former New York Mercantile Exchange President Robert ``Bo'' Collins, told investors last month he planned to shut down because of a ``terrible performance'' as natural gas prices sank. Collins didn't return messages left at his office and on his mobile telephone for comment.
You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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BubbleVision
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Quote BubbleVision Replybullet Posted: 14/Sep/2006 at 12:21pm
Big Picture view on CRUDE.....
 
The media has been all buzz declaring the death of the Crude bull, which has been on since 2002. Yes i would agree that this is the biggest fall in the prices ($16) in the last 16 years... but when we look at the %ages we get to know the clear picture....
 
The Crude fall in the last few days have shaken many of the long term crude bulls so i would like to throw some light on the path of crude oil since the rally began in 2002 at $19.00 - $20.00 level. It has had Three corrections bigger then the current one [(Mar-May-2003 Down 37.4%), (Nov-Dec-2005 Down 27.7%), (Sept-Nov 2005 Down 21.4%)]. The current fall is 17.2% so far. So we think that it would be premature to declare the bull market DEAD just yet.
 
The biggest fall in price terms came in 1990, when the crude fell from $40.00 to $16.00 ... That is a fall of $24.00. The current fall is $78.xx to $63.xx which is $15.00.
You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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reetesh
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Quote reetesh Replybullet Posted: 14/Sep/2006 at 7:16pm
Investment Gurus say 50% corerection can happen in bull market.
When going gets tough, that’s when tough (people) gets going.
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BubbleVision
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Quote BubbleVision Replybullet Posted: 14/Sep/2006 at 8:14pm
Reetesh ... actually the number is 20% from the top and the bull market is declated dead. But these things dont exactly apply to commosities as Gold
 
In 1974-75 dipped 50% from the top and continued with its bull run..
The sequence should make this clear
1970 Gold Was $35 per ounce
1974 Gold was $200 per ounce
1976 Gold was $100 per ounce
1980 Gold was $800 per ounce
 
Actually the bull continued from $35 To $800, But had a setback of 50% from the top in the middle
 
50% and 61.8% Retracements happen of a move... Example Gold would be $35 to $200 = Total Move = $165. Now there could be a retracements of 50% or 61.8% of $165
 
Generally commodities as an asset class display more volatility so Wave overlaps are allowed. However the bull in Stocks is declared Dead when there is a fall of 20% from the top.
 
These are generally rules.. They need not necessarily apply.
 
You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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BubbleVision
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Quote BubbleVision Replybullet Posted: 18/Sep/2006 at 6:45pm
You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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kulman
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Quote kulman Replybullet Posted: 18/Sep/2006 at 6:56pm

Does it mean BubbleVision that "terror/weather premium" on futures was as high as US$30/35?

Fresh shorts can take the markets to any bottom.....
Life can only be understood backwards—but it must be lived forwards
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reetesh
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Quote reetesh Replybullet Posted: 18/Sep/2006 at 7:22pm
No, bubble vision, I dont know(Frankly I know but I`ll not repeat my mistake) where did you get this 20% from, but what ever I read and heard market guru saying is 30% to 40% is normal bull market correction and it can go down to 50% in abnormal conditions.
 
Reetesh.
When going gets tough, that’s when tough (people) gets going.
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