Magox

I dont know, but they better not mess with the prices of my therapeutic imports...

Relativity man, relativity...

There wasn't anyone shedding tears for the oil companies when they were losing money for close to 2 decades prior to the oil boom.

I dont give a ****! He's dead and anyone that was around him had it coming to them anyways.

Silver was at $49 this day... My clients love me Will be looking to add soon as soon as the knife stops falling.

There is a very strong oil-dollar link, you aren't disputing that are you?

It's mainly supply and demand. But you have to factor in excess capacity and the threat of that capacity being diminished or disrupted along with the falling dollar. Not really. There could be price collusion between commodity traders, that is a possibility but those sort of occurences don't keep oil prices high for a sustained period. What is happening today, isn't manipulation considering the length of time prices have remained high. Also for you foks out there, Exxon can not make prices go higher. The only way they could is either directly at the gas pump, in which if they did the rest of the gasoline/oil companies would charge less the correct amount and Exxon would get smashed or if they witheld production at both their refineries and oil well production. At these prices, they aren't witholding ****, i can guarantee you that. nope, the oil companies have very little to do with higher oil prices.

We really need to stop thismisinformation. The reality is that they payed over $7.7Billion in all taxes (including income taxes, read the link) combined for 2009 and most likely even more in 2010 and even more this year. Gasoline prices aren't high because of Exxon. You're blame is misguided. Oil prices are rising because we underinvested in oil infrastructure going back 10-20 years ago simply because Oil companies were losing money and there wasn't enough money for new oil projects. Now that oil prices are soaring, money is flowing into these projects, but there simply aren't enough rigs, oil pipelines are old and many need to be replaced, and for the most part all the easy shallow oil has been drilled for, so now that leaves deeper sea targets which take many years to extract significant oil from, and that doesnt even address the permitting of allowance to drill. You could also place the blame at not having good energy policy here in the U.S going back since forever. We over here like the gas guzzlers, just like everything else we do, AMericans like to do everything in excess. Lets not forget about where we are getting our oil from. Talk about instability, its only rational that there will be a risk premium attached to the price of oil because of the possible supply disruption scenarios, and the closer we get to not having spare capacity the larger the premiums. ANd since China, India, Brazil and some other latin american, middle eastern and southeastern asian countries are growing at a rapid clip, spare excess capacity is sinking. Lets not forget about the falling dollar. As the value of the dollar sinks, the value of pretty much anything priced in dollars go up, specially those that are exported to us. So please, enough of the bozo "EXXON is EVIL" talk, because for those of us who really know whats up, it just makes you appear rather silly. Not true... Now since I proved it, in which you could look it up yourself, apologize to everyone for providing misinformation.

The argument that speculation is adding to the price of just about anything in my view is ridiculous. Speculation sometimes can get a bit frothy, but none the less that money that is being placed into that certain investment or commodity in this case is happening for a reason. It's not as if that "speculation" is some sort of evil occurence in the market place that occurs when nothing is happening, it derives from sort of fundamental. In this case, the price of oil has risen approximately 25-30% since the beginning of the Middle East Ordeal, then again, we were heading into gasoline refinery maint. time of the year and anticipation of the driving season that usually adds about 10-15% on the price of gasoline. So if you take that away from the price of gasoline, you could rationally argue that the middle east chaos has added about 15% to the price of gasoline. Now of course you can chalk this up as "speculation", which of course it factually is, but it's warranted. Why? Because one there is about a little over a million barrels physically being taken off of the market, but more importantly is the risk premium. Fact, there is a finite amount of oil out there. Fact, we are getting pretty close (probably a couple years) to reaching a point to where there will be no more excess supply of oil. So the closer we reach that point, and the more we face these risk scenarios where oil could potentially be taken off of the market because of supply shocks whether it be from Oil pipeline issues, hurricanes, nigerian sweet crude political issues or middle easter chaos the more this "risk premium" gets built into the price of oil. So, one can call it "speculation" all they want, but that speculation is there for a reason. Like I said, sometimes prices can get a bit frothy and investors can get a bit overzealous and the prices overshoot, but that is a very very temporary issue, that gets resolved quickly by the technical investors. What we are seeing today with the price of Oil is most likely in my view going to stay up at these levels for the foreseeable future. Frothy speculation would of been taken out by now if it was unwarranted. That is a bit unrealistic that we will see this in near to mid future. Sure, if there is a huge price spike we will see a plunge in demand for gasoline, but as long as the trend continues up without any serious price spikes, we'll continue to keep seeing prices go higher. And lets not forget with whats happening to the value of the dollar.

I'm a bit puzzled myself that he addressed this issue today. He politically could of milked this deal all the way through the 2012 elections. His inner circle must have felt that this was beginning to get out of control, thats the only thing that I can come up with.

Thats mainly because of volumes and short-covering. These guys in Asia and Europe wake up and say holy ****! I got to cover my shorts and BAM! prices spike even further, then it gets here to the U.S and people begin to take profits and then you start seeing it head back up higher again. These sort of parabolic movements usually end badly for the average investor in leveraged positions. I'm currently not buying any silver for my clients now and am now beginning to trim positions by half and will look to continue shed off more as it moves higher. I picked the right business to be in and btw great job clip my actual portfolio is roughly about the same for the year, maybe a tad higher %wise , but in the same ballpark. And I seem to remember having a bet with billsfan last September that Gold would reach $1500 by June, he was taking the other side of the bet.

You judging who's bright or not? good one

Wow! You ARE stupid

Oh Come on! Don't ruin it for him, hardly a difference between a 1/3 and 70%. Only dipshits focus in on these sort of things, the only thing that this poll tells me is that there are a bunch of dumbasses in this world that will believe anything. Here's another (*^*&%^$^#poll for peace and his kind to focus in on.

Of course it is, but the fact is that many teachers teach only because they couldnt get jobs in other fields. If you go to the public school system and you get your average ALgebra teacher you'll find that his or her degree wasn't even in math, so they basically just go to teaching because they couldnt cut it in another field. Then you get the Unions to protect these people no matter poor they are at their job, all while they negotiate for better pay and benefits. So what are we left with? Speaking facts here, we are left with ridiculously high benefits and a rapidly declining quality of test scoring.

Sorry, anyone who uses the word "C*nt" is usually a person who lacks character.

The problem with teachers, unions and their relationship with one another and the community is that there is hardly any accountability. The quality of teachers suck here in the U.S and the unions protect their suckiness, all while their pay and benefits have risen dramatically over the past decade at the expense of the taxpayer. Here's a quick fact for you guys. U.S investment in education has risen exponentially over the past 15 years, yet our test scoring in math and science has dramatically dropped off in all the OECD nations. So there needs to be more accountability and one of the downfalls of the Unions is that they deter this from happening.

Thats not the point TPS, you were infering that everything is kosher simply because the bond market hasnt responded or signaled any fear yet. The point I'm making, is that that is a terrible gauge to determine if there are any real risks to the bond markets. I suggest you read up on Ken Rogoff and Carmen Reinhardt's thesis on Sovereign debt, you may actually learn something

Birdog?

Wow! you sound just like Paul Krugman. I wonder where Spanish and Greek Yields were a few months before a run on their bonds began? Everything is ok until they aren't. Remember that

You're a vile, uncouth classless individual.

You say that as if it is a piece of cake. Anyhoo, it's not just medicare/medicaid but it will also be S.S. Not to mention the hundreds of billions if not trillions of dollars we have in unfunded pension liabilities throughout the states. Sorry bud, its much more dire than you are making it out to be.

Wow! what an ugly word, in my experiences people who use this word are usually low-lifes.

I'm paraphrasing here, but its pretty damn close: "We do not have a debt problem, look at the bond markets, they are telling us that spending isn't the problem"

As I have always maintained, this is not a black or white world, the dollar is not the sole reason for commodity prices going higher, it is A reason, A contributing reason. Global growth definitely is playing a role contrary to what TPS would have you believe, however falling currency values are also playing a significant role as well. The reason why "inflation" isn't high here according to most economists gauges is simply because housing/rentals and wages make up a much larger component of their readings than it does over in the developing world. They don't like to factor in food and energy in their readings because they see it as "transitory", temporary and that reacting to volatility in their view isnt the best way to fight inflation. Well, I understand that sentiment and reasoning, but this isn't a one size fits all sort of world. Sometimes I believe they do need to break out of the line of thinking and not remain so static on their positions. And yes, higher commodity prices arent a bad thing for commodity producing nations, but unfortunately the majority of the world live in substandard conditions, so higher food and energy prices hurt these people much more than it does your normal everyday middle class American. But with time, if prices remain elevated for a sustained period of time, which I believe they will, there will be more of a negative impact on our economy, and I happen to believe we are now entering into the inflationary stage of this crisis.