COMMODITY PRICE CLUES


UPDATE
2-1-09:
Commodity Price Clues is focusing on
Gasoline prices in this post and for good
reason.
Well, the inevitable has happened with
low-priced gasoline!
The long-term trend Golden Line has been broken
by rising prices signaling that we can expect another price
surge ahead.

The True Trend was DOWN,
but, now indicates that its time for the trend to reverse back
upwards in price again.
Even though Light Crude has not yet broken its
Golden Line, Gasoline has. We've been experiencing this at the
pumps have we not?
There is a disconnect between Light Crude Oil
and the refined product Gasoline. And Gasoline seems to be
tipping the hand of what the Oil Barons will be doing next.
It could be that their mission is complete.
Word is that Dubai has stopped all major construction and
virtually come to a halt economically, actually having to find
its own bail-out money in the Middle East.
Severe damage has been done to the oil
producers and as long as the product they're pumping (Crude)
is being kept low in price thru futures market
manipulation, the Oil Barons can continue to inflict harm on
them while profiting by jacking up prices in the U.S. at the
retail level on the refined product (Gasoline).
These guys don't miss a trick and when they can
slam two parts of the market at once, they're in paradise.
The election is over and there is no political
capital to be made by helping consumers any longer.
Besides, in the spirit of bailing out everyone
in financial straits, maybe the government will pay energy
bills as well?
No, don't hold your breath on that one, but,
fill up yer gas tanks cause 'here we go again'. -
George
previous Commodity Price Clues
Post
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