So you think oil and gas are up because of those evil speculators?

Discussion in 'Economy' started by bigrebnc1775, Apr 28, 2011.

  1. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Think again. Well I was looking at the price of silver ad gold I also notice oil and here's what I noticed.
    112.85 a barrel


    Change due to Weakening of USD
    +0.12 +0.11%

    Now here's the tell tell story
    Change due to Normal Trading

    -0.13 -0.12%

    Meaning oil would not be at this price if we did not have a weaken dollar Not much sales for oil it seems. Now who's at fault for the weaken dollar? The FED maybe?





    Gold, USD, Price gold, Silver, US Dollar, Oil, Platinum - Kitco KGX
     
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  2. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    No I think it's up because of a weak dollar causing inflation.
     
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  3. Mr. H.
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    Mr. H. Diamond Member

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    Mmmmmayyybeeeee.............
     
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  4. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Play along
    Now who is weakening the dollar?
     
  5. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Maybe? Don't doubt me on this.:lol:
     
  6. KissMy
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    Deficit spending & low interest rates are weakening the US dollar. Who is causing this you ask? Congress & the POTUS. If congress & the POTUS can't balance their budget or properly manage the economy then the Federal Reserve must lower interest rates & print money to buy government debt (stealth monetization or wealth redistribution) to rob peoples savings & force them to risk their savings until unemployment is in check.
     
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  7. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Congress and the president. Is Bush doing a 3rd term?:lol:
     
  8. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Thought I would throw this in also.
    WASHINGTON, April 28 (UPI) -- The U.S. gross domestic product for the first quarter was in step with weak expectations, the Commerce Department said Thursday.

    First quarter economic growth in the first of three official estimates was pegged at 1.8 percent compared to the fourth quarter of 2010, a sharp drop from the 3.1 percent growth in the previous three-month period.





    Read more: First quarter GDP hits weak expectations - UPI.com
     
  9. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    30 reasons for Great Depression 2 by 2011


    Scan these 30 "leading indicators." Each problem has one or more possible solutions, but lacks unified political support. Time's running out. We're already at the edge. Add up the trillions in debt: Any collective solution will only compound our problems, because the cumulative debt will overwhelm us, make matters worse:

    1.America's credit rating may soon be downgraded below AAA

    2.Fed refusal to disclose $2 trillion loans, now the new "shadow banking system"

    3.Congress has no oversight of $700 billion, and Paulson's Wall Street Trojan Horse

    4.King Henry Paulson flip-flops on plan to buy toxic bank assets, confusing markets

    5.Goldman, Morgan lost tens of billions, but planning over $13 billion in bonuses this year

    6.AIG bails big banks out of $150 billion in credit swaps, protects shareholders before taxpayers

    7.American Express joins Goldman, Morgan as bank holding firms, looking for Fed money

    8.Treasury sneaks corporate tax credits into bailout giveaway, shifts costs to states

    9.State revenues down, taxes and debt up; hiring, spending, borrowing add even more debt

    10.State, municipal, corporate pensions lost hundreds of billions on derivative swaps

    11.Hedge funds: 610 in 1990, almost 10,000 now. Returns down 15%, liquidations up

    12.Consumer debt way up, now at $2.5 trillion; next area for credit meltdowns

    We'll be in Great Depression 2 by 2011 -- here are 30 reasons why Paul B. Farrell - MarketWatch
     
  10. ABikerSailor
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    So.......lemmie get this straight................

    You think that because the dollar is weak, the gas companies have the right, as well as the investors, to pass the costs onto the common person who uses gas, to jack up the prices, thus ensuring that the CEO's of oil companies can have a gold toilet in every room of their house?

    They should settle for just one in the master bedroom.

    Try agian Little Rebecca in NC, you're just shilling for the rich. How much do you make?
     

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