Tue, Mar 31, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Investment, Oil more

12 reasons I’m still buying oil

Posted on 23 February 2009

From Seekingalpha.com: Gold has skyrocketed and oil has dropped like a rock in the last few months, in case you were in a closet. Here’s why I am long oil (USO) and am getting longer on dips:

1. Oil has come down about almost 80% from its high. (I understand that there was overbuying because JP Morgan (JPM) was highly leveraged and was technically manipulating the market, but it worked for a reason.) 2. Oil is a commodity just like Gold and Silver, making it an international currency. 3. The Federal Reserve Bank is leveraged 75:1….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 39895 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031