Friday, June 27, 2008

Final stages of the oil bubble

Oil price surge rattles global stock markets

Global stock markets were under pressure today as the soaring price of crude oil darkened the outlook for economic growth.

Posted by sold 2 rent 1 @ 09:14 AM (1383 views)
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22 thoughts on “Final stages of the oil bubble

  • sold 2 rent 1 says:

    Each new WW2 battle sees a turning point in the stock, oil and gold markets

    Gold bottomed out around 30 April (Pearl Harbour)
    Stocks topped out after the Battle of Stalingrad (20 May)
    After the Battle of the Bulge (25 May) we have seen gold take off by $30 and stocks plunge.

    We have VE Day on Tuesday 1 July. Will this be the peak for oil? Or will oil hang on until 7 July (official end of WW2)?

    Maybe oil will plunge on Tuesday off the back of the Google Video “The Energy Non-crisis” being the number 1 mosted viewed video for the past 7 weeks.
    How will the TV and newspapers explain the crash in the oil price?
    What rubbish will they print?

    This is so exciting.

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  • @ S2R1 – I have a feeling that the Chinese are keeping very quiet on the world stage until after the Olympics – but then they will try to get some value out of all their dollar holdings.

    Do any of your ‘dates’ of major events correspond with the end of the Olympics? 24th August.

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  • sold 2 rent 1 says:

    corno,

    After 15 August we shall start to see the peaceful revolutions that follow the fifth night destruction.

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  • last_days_of_disco says:

    Hey the 24th is my birthday. Would be cool if it could be the end of the world too. What about it S2R what are the chances?

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  • s2r1 – really simple. You said that gold would be at $1,500/oz at the end of June. It’s the 27th today. Why were you wrong?

    This is absolutely pertinent to this thread as the predictions you’re making above are based on the same methodology. So far you’ve been wrong. Why?

    http://www.housepricecrash.co.uk/newsblog/2008/04/blog-goldsilver-bull-not-over-12623.php?comment=added

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  • So the absolute longest we have to wait for the oil price to crash to under $30 is 7 July s2r1? Is that what you’re saying?

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  • Don’t be daft pelethar. The 7th July is only the latest date for the peak – it’ll take a few days to go down to $30. Please can you tell us when the bottom will be S2r1 as I need to buy 500 gallons for my central heating tank. Is there a post WW11 event that predicts this?

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  • Oil is up again… S&P futures looks flat.. looking at a lower opening this avo… @S2R1, is it concievable that we have a “super-spike” between these two dates (1st-7th July 2008)? Example Israeli/US/Allied Strikes on Iran’s Nuclear Installations. And an announcement/agreement by the US congress to open the Alaskan field. Just a thought.

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  • I reckon after the Olympics the world will be a different place. China will either flex its muscles or face a major financial crisis.

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  • but but we dont have inflation do we?

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  • the world may end soon anyway, it is funny all this is unfolding just as they are going to use that new tube under switzerland to make a universe or a black hole….

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  • gardeniadotnet says:

    9. mark said…
    >the world may end soon anyway, it is funny all this is unfolding just as they are going to use that new tube under switzerland to make a universe or a black hole

    Yes. This is worrying me too. When do they intend firing it up?

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  • gardeniadotnet says:

    To answer my own question…

    Large Hadron Collider
    From Wikipedia, the free encyclopedia

    Coordinates: [show location on an interactive map] 46°14′N 06°03′E / 46.233, 6.05 The Large Hadron Collider (LHC) is a particle accelerator of the European Organization for Nuclear Research (CERN) that lies under the Franco-Swiss border near Geneva, Switzerland. The LHC is in the final stages of construction and commissioning, with some sections already being cooled down to their final operating temperature of approximately 2K. The first beams are due for injection in August 2008, with the first collisions planned to take place about 2 months later.

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  • p doff, I hope you’re being ironic. There is no way that a randomly chosen event in history can predict future oil prices with such accuracy.

    Oil is not in a bubble. Demand is increasing worldwide – all those Chinese and Indians with shiny new cars – while supply is hasn’t budged. The dollar and pound are both falling against the rest of the world’s currencies which also makes oil relatively more expensive for us. High oil prices are here to stay, get used to it.

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  • drewster said…
    ”p doff, I hope you’re being ironic”.

    Indeed!!

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  • Phew 🙂 Then there is still some sanity on this website.

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  • gardeniadotnet says:

    14. drewster said…
    Phew 🙂 Then there is still some sanity on this website.

    I hope YOU’RE being ironic.

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  • Agree with Drewster,i dont believe the huge rise in oil price is down to speculators,its mainly been caused by the dollars demise and the incease in demand from China and India etc
    http://www.youtube.com/watch?v=ktBDj8VogPo
    High Oil price is here to stay

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  • sold 2 rent 1 says:

    Stevie Dee,

    “is it concievable that we have a “super-spike” between these two dates (1st-7th July 2008)? Example Israeli/US/Allied Strikes on Iran’s Nuclear Installations. And an announcement/agreement by the US congress to open the Alaskan field. Just a thought.”

    The US are desperately trying to start WW3. Calleman’s model says POWER will be brought back into line by LAW and the East/West relationship will be brought back into balance. This suggests no nuclear strike.

    What happens will be much bigger than most can imagine – a change of consciousness, NOT just a 1929 style crash event

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  • sold 2 rent 1 says:

    sold out,

    The guy in your video blames money printing for high oil prices
    But the M3 money supply is showing a topping formation – see graph

    No more IR cuts are available, and maybe rises later this year
    And when the oil price collapses the US Treasury bond market will collapse too as who will buy them – not the OPEC countries.
    IRs in the US will shoot up to encourage people to buy US debt

    The housing market and stock market will implode

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  • Any answers for my questions s2r1? I’m quite content your model is entirely discredited.

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