Wednesday, May 21, 2008

Crude Oil at $140 - is it right that speculators should make money out of this at the expense of normal people?

Hello visitors - I have just received this from Brad

"I just heard on Fox News that Crude futures are trading around 140...what do you think of that? I'm floored, worried, and long crude...ha!

I talked to Adam yesterday and we decided to do a video that shows two things:

1. How successful our Crude Oil trades have been since the beginning of the year.

2. The technical analysis, doneby Adam as well as our Trade Triangles, that got us into those successful trades."

http://www.ino.com/info/214/CD16/&dp=0&l=0&campaignid=3

I suppose on answer would be "If you cannot beat them join them" By joining
MarketClub you might cover your rising.gas costs and maybe a bit more.
Personally - Goldbug is in BP
(BP.L) - BG (BG.L) and Oil Search (OSH.AX)
It is said that the price of energy stocks is lagging well behing the price of the
commodity. If it catches up there should be some good gains. Oil Search has
not made the percentage gains of other companies operating in its region and
could well have been overlooked by investors.