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-----Original Message-----
From: MeLinda MeLisa <[email protected]>
Sender: [email protected]
Date: Fri, 8 Apr 2011 19:04:25
To: <[email protected]>
Reply-To: [email protected]
Subject: [StockForex] Flash Back: The History Will Repeat Again - Global Crisis
2
Flash Back: The History Will Repeat Again - Global Crisis 2
Friday, April 08, 2011 - marketcall.net
The Federal Reserve and investors, will be puzzled. The mistake they
made, would be a regret for a second time. Letting inflation, and
gambling.
Global crisis may occur again, as in 2008, when world oil prices
soared. The same mistakes. Investors and The Fed do not learn from the
past.
From channelnewsasia.com - Saturday June 28, 2008 :
NYMEX crude Oil Price Hits $142.99 Record Ss World Stock Markets Tumble
Oil prices struck fresh record highs over $142 on Friday [27 Jun 2008]
as the US dollar remained weak, while world stock markets tumbled amid
economic jitters. The NYMEX crude oil futures contract for Aug 2008
delivery struck an all-time intraday record of $142.99. The jump in
oil prices, which have doubled in the past year, has triggered
inflation fears and worries that US economic growth could be crimped
further. The ailing dollar has fueled demand for oil from traders.
OPEC's president predicted Thursday [26 Jun 2008] that oil prices
could reach $170 this year because of the weak dollar and geopolitical
unrest.
- That is the second time in a day that I have had to put up a "crude
oil hits new record high" post. Oil continues its record-breaking run,
now 2 trading sessions in a row. It is interesting to see the media
start to run out of reaons (or excuses) for oil's rise as it continues
to set new records - I mean, how many times can you point to a weak
dollar, speculation, geopolitical unrest, and so on, as each of these
factors is only partly responsible for the big picture, while the real
overall drivers are the fundamentals of supply and demand.
So, onward to $150 oil, and then $180, $200, $300 and over $400. These
are the resistance levels on the upside. And I've been waiting to say
this but it has come faster than I thought : we might have the makings
of a $140 support level, and these support levels continue to come in
at $10 intervals : $130, $120, $110 and $100. And I wouldn't really
hang around and wait for those last 2 support levels. Oil is in a bull
market, and we haven't seen anything yet.
From bloomberg.com - Friday June 27, 2008 :
=Investors Flee Falling Stock Markets=
Crude oil rose above $142 a barrel for the first time as falling stock
markets spurred investment in commodities. Oil has gained 46% this
year as concern that the economy may head into a recession pushed the
global equity markets [MSCI World Index] down 12%. Crude oil for
August delivery climbed to a record $142.26 per barrel today.
Yesterday, the contract hit a record of $140.39 as Libya threatened to
cut output and OPEC's president said prices may reach $170 within
months.
- This is the second trading day in a row that crude oil prices have
hit a record on the NYMEX. If we were to get another of these
5-trading-days- or 7-trading-days in-a-row records then we could be on
track to hit $150 oil faster than many people might expect. Beyond
that, the next resistance level would be $180, and then on to a big
fat $200. Expect lots of hue and cry when oil does reach $200 per
barrel. So it looks like it was a good move for the fund I am managing
to have gotten in at around $130 support. I was sort of semi-waiting
for $120 and was going to setup a buy order for that level but of
course that did not materialize. Oil is in a bull market, and we
haven't seen anything yet!
