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Oil is reaching a short term top

(2008-05-06 11:22:19) 下一个
The stock price of big oil companies are not synchronized with the upward movement of the oil price during this uptrend. And analysts are pumping oil prices up like the world is running out of oil now.

Goldman is one of the largest oil speculators in the world. On the other hand, Goldman is also famous for shorting at the right moment to make huge profit on the sectors they are pumping. I will not be surprised that Goldman is shorting oil big time at this moment while their own analyst yelling to the world loudly that, oil goes to 200 very soon.

For those who want to chase the oil at this moment, be careful.     
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xiangshui 回复 悄悄话 Good comments and good timing.
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