So, how do we easily short the oil speculators? I've been looking for a way to do this but I have come up empty. I did manage to find one fund that was a double the inverse of Texas crude futures but the fund was so badly mismanaged that it was shutting down as of June 25th. Too bad because the price of the fund had dropped from $50 to $.40 over the past year. A $10K investment (assuming the price would go back up to the $50 level if oil prices dropped to their level from a year ago) would net you $1,250,000.
On Sat, Jun 21, 2008 at 1:24 PM, Jason C <[EMAIL PROTECTED]> wrote: > I agree with the petition. However, the MAIN reason oil prices are going > up is the HEDGE FUNDS run by Morgan Stanley, Goldman Sachs, Citigroup, JP > Morgan Chase. Why are they doing it? > > <http://www.financialsense.com/editorials/engdahl/2008/0502.html> -- Robert McElwee and Blue Flash "The 40 MPG Miata" www.lightweightmiata.com/mpg Lightweight Miata Forum: www.lightweightmiata.com/forum The Miata Trailer Project: www.lightweightmiata.com/trailer
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