Results 21 to 30 of 44
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July 20th, 2009 10:36 AM #21
nag spill over nanaman dito ang world economy talk, oil etc....hehehe
calling on Galactus...ano masasabi mo bro? hehehe
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July 20th, 2009 10:39 AM #22
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July 20th, 2009 06:37 PM #25
But isn't it true also that real world economic demand for oil in this "depressing" times is going down? Every economy on the planet is experiencing a slowdown, especially the main oil consuming nations (like China).
Now if all that's driving the price of oil up right now are speculation and hedge against inflation, with no hard and real economic demand and/or consumption to back it up, then sooner or later that house of cards will go tumbling down especially if the slowdown stretches out longer than expected.
Is oil really the better/best hedge against a freefalling USD when the demand for it is simply not there in the first place? I'd rather think people will go to other options like precious metals (PM) because unlike oil, PM need not be consumed to be as valuable and is not as cumbersome to stock and hoard as OIL?
Just thinking out loud.....
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July 20th, 2009 07:03 PM #26
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July 20th, 2009 07:46 PM #28
you're saying there is gonna be a reality check and oil price will fall to its "true" level... a level that reflects supply and demand fundamentals
well, the reality check has already happened
when oil hit $147 in July last year and fell to $32-$33 in December
why didnt oil fall to $20?
coz the market decided there is no way oil is not worth only $20/barrel even in a global recession
Is oil really the better/best hedge against a freefalling USD when the demand for it is simply not there in the first place? I'd rather think people will go to other options like precious metals (PM) because unlike oil, PM need not be consumed to be as valuable and is not as cumbersome to stock and hoard as OIL?
i don't think anyone would hold oil as their only exposure to commodities
and you don't need to hold on to physical oil to invest in oil... all you need is to buy the contracts (and sell the contracts before they expire, and buy the following month's contracts, and again and again and again)
(if the only way to invest in oil is to hold the physical commodity, that would significantly reduce the number of players in the oil market... how many investors have access to on-land and floating storage?)Last edited by uls; July 20th, 2009 at 07:51 PM.
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July 20th, 2009 07:49 PM #29
IMO oil has a fixed price range which is $70 +/- $15... Play along looks like we are moving up again...
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