Oil down $10.26 a barrel today alone

[On Your Six]

Oil really has dropped a lot today. By 3 pm East coast time today, it's down over $10 a barrel. Nice. Hopefully we'll see it at the pump soon, and hope it goes even lower. Delta stock up 9% too.



OYS

 

[Ex737Driver]

When the dollar jumps against other currencies, all commodities go down. Look at gold and silver. Apparently sorry ass (soros) is advising getting out of gold. Add the fact that qe2 is ending in June and this could be really good later this year, except for interest rates.

 

[Lampshade]

Awww man I just hedged at $113. lol

 

[list2002]

Good thing Continental is "staffed right" to up the flight hours and take advantage of it this summer!

 

[wmuflyguy]

When the dollar jumps against other currencies, all commodities go down. Look at gold and silver. Apparently sorry ass (soros) is advising getting out of gold. Add the fact that qe2 is ending in June and this could be really good later this year, except for interest rates.

The Metals Exchanged upped the margin requirements (and will do so again), helped kill the silver bump.

Need to do it with oil to.

 

[skywav8r]

Don cherry is right. The triple margin increase requirements at the comex with silver was the catalyst for the commodities dropping. The drop in precious metals forced people back in the dollar (even though it hit a three year low) which also lowered oil. Once again the fed and big money manipulated the market. At least a new lower entry point has been created.

Ps. Go Canucks!!!!!!!

 

[Tweaker]

Just when I thought most all pile its was under-edumacated, ill-informed cretins who can't spell and are their own worst enemies, you guys come along and disprove most of my firmly held beliefs.