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  • #3,541
  • Mar 14, 2011 6:18pm Mar 14, 2011 6:18pm
Peak Oil has been 5 years away for about 25 years.

But if you are going to copy/paste at least give the author credit.
  • #3,542
  • Mar 14, 2011 6:26pm Mar 14, 2011 6:26pm
Quoting SunTrader
Peak Oil has been 5 years away for about 25 years.
who told you that? In Alberta, the basin's conventional fields have been in decline for 10 years and Texas has been in decline for 30 years, down 70% from the peak. All fields are past peak now, so they are scrambling to drill offshore and build tar sands but the net production is dropping quickly. Be prepared for lower production and higher prices forever.

Did anyone told you that 25 years ago too?


Thought so,


pls don't think like my grandma... when I tell her this she limits to say "oil won't finish!" and "I hear news that oil is finishing since I was born"...
Dude oil is not infinite... And if you're sceptical then you tell me how many years is oil away? and why? perhaps you have a better answer than just "Peak Oil has been 5 years away for about 25 years."
  • #3,543
  • Mar 14, 2011 6:42pm Mar 14, 2011 6:42pm
Quoting z3r0
............. perhaps you have a better answer .....
First I don't quote my grandmother or a blog which I don't give credit to.

And second read this - from the NYTimes:

‘Peak Oil’ Is a Waste of Energy

http://www.nytimes.com/2009/08/25/opinion/25lynch.html

But we are getting a bit offtopic so reply if you wish but I'll stick with Gold going forward.
  • #3,544
  • Mar 14, 2011 7:15pm Mar 14, 2011 7:15pm
Quoting SunTrader
First I don't quote my grandmother or a blog which I don't give credit to.
And second read this - from the NYTimes:
I guess you clearly misunderstood me whilst I quoted my grandma.. I didn't offend anyone and if you see a problem, excuse me but I don't. I was tryin' to make a point that some people just refuse to see or do some extensive research to back their claims. Is that bad? As for a blog quote... I don't know what you're talking about. And you got to do a more extensive research than just limiting yourself reading a NYT article and take whatever is there for granted. But nonetheless, nice peace of information, looks just like those articles on how oil can be created in an artificial way. Too bad I can't find info on someone that did that, or even videos.. which is weird cause I can found a lot of info&videos regarding water as a substitute... I mean.. what are the odds?
  • #3,545
  • Mar 14, 2011 7:44pm Mar 14, 2011 7:44pm
Quoting z3r0

  1. A hedge fund told me exactly the same way and that they'll keep on buying silver, shorting nat gas, buying uranium and a few others...


Don't live illusions, the facts are there.... make your own research and see it.
It has happened before, it can happen again...

You are kidding me right? No one in their right minds would short natural gas in the long term run. Natural gas is not only used for heating but more important than oil for Polyethylene production (Plastics)

Infact 70-80% of polyethylene production comes from Natural gas these days... must be a super credible source.
  • #3,546
  • Mar 14, 2011 8:09pm Mar 14, 2011 8:09pm
Quoting Orbital
You are kidding me right?
not kidding, no... ofc not what would be the point? I'm here to share...
I assume they had positions opened and that will maintain them. His main reason is due to a new source of natural gas that was recently discovered that well, in his opinion will keep the prices low for about a decade. Now, I'm not too much into Natural Gas, I mainly trade forex, gold, silver and buy physical silver. But could that be shale gas? However I'd want to invest in Uranium but I don't know yet how can I make the best of it...


Silver pennant pattern? There's one similar on gold too
Attached Image
  • #3,547
  • Mar 14, 2011 8:34pm Mar 14, 2011 8:34pm
Quoting z3r0
not kidding, no... ofc not what would be the point? I'm here to share...
I assume they had positions opened and that will maintain them. His main reason is due to a new source of natural gas that was recently discovered that well, in his opinion will keep the prices low for about a decade. Now, I'm not too much into Natural Gas, I mainly trade forex, gold, silver and buy physical silver. But could that be shale gas? However I'd want to invest in Uranium but I don't know yet how can I make the best of it...


Silver pennant pattern? There's one...
Shorting a natural resources that is strongly in demand is a retarded move that is all that im saying, investing into longterm contracts on finite resources always ends up being a net positive, shortterm thats a different story.

Its fine with me either way, i play most of the futures with the exception of some index futures. So i scalp and play everything short term. if i had 2 million euros to invest into.. id buy up oil from 80$ a barrel and buy up wheat futures right now. =/
  • #3,548
  • Mar 14, 2011 8:41pm Mar 14, 2011 8:41pm
Quoting Orbital
Shorting a natural resources that is strongly in demand is a retarded move .....
Yup. Not to mention that it has been trading for years way below its historic average so in no way is it over-valued.

If I traded more than just short and intermediate trends I would consider going long with all that is happening to oil in the Middle East and now nukes in Japan.
  • #3,549
  • Mar 14, 2011 8:44pm Mar 14, 2011 8:44pm
Quoting SunTrader
Yup. Not to mention that it has been trading for years way below its historic average so in no way is it over-valued.

If I traded more than just short and intermediate trends I would consider going long with all that is happening to oil in the Middle East and now nukes in Japan.
Was about to post the chart but you posted before me
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 7.png Size: 28 KB


But remember SunTrader.. its buy high and sell low.....

All kidding aside, im looking at nikkei futures right now, interessting zone its in right now but if that reactor blows so will my account if i long =/

Waiting for oil to drop a bit before i rebuy.
  • #3,550
  • Mar 14, 2011 9:14pm Mar 14, 2011 9:14pm
Quoting Orbital
..... All kidding aside, im looking at nikkei futures right now, interessting zone its in right now but if that reactor blows so will my account if i long =/ ....
You're a braver man than me. I wouldn't go near Nikkei. Probably a deadcat bounce whatever it does.

And I only see daily support (on the cash index) at 8800 area Sept'10 lows.

Good luck whatever you do.
  • #3,551
  • Mar 14, 2011 9:18pm Mar 14, 2011 9:18pm
Quoting Orbital
But remember SunTrader.. its buy high and sell low.....
Dude I've seen the chart when I first posted the natgas and other instruments. I noticed how low it was and also thought it would be a good buy long-term. But let's focus on 2011 shall we? How low could we go? magenta line depicting the beginning of december... and a very simple chart
I see 2 scenarios probable scenarios until December. 1st Scenario we would go to 6.10 which could offer somewhat of a strong resistance. 2nd scenario we could keep on down at this steady pace slowly until we test previous lows & perhaps even make new lows.

I see the price coming out of a downtrend and getting flat. Is your opinion that we won't go down anymore this year? Excuse me if I look retarded by saying that, my sentiment on this instrument is that it could touch its previous lows before December... could go up? absolutely. impossible to go down? I honestly don't think so. Maybe you'll be right, maybe I will but If all would be that simple, there would be no need to share different opinions.
Attached Image (click to enlarge)
Click to Enlarge Name: natgas.gif Size: 23 KB
  • #3,552
  • Mar 14, 2011 10:41pm Mar 14, 2011 10:41pm
Quoting z3r0
Dude I've seen the chart when I first posted the natgas and other instruments. I noticed how low it was and also thought it would be a good buy long-term. But let's focus on 2011 shall we? How low could we go? magenta line depicting the beginning of december... and a very simple chart
I see 2 scenarios probable scenarios until December. 1st Scenario we would go to 6.10 which could offer somewhat of a strong resistance. 2nd scenario we could keep on down at this steady pace slowly until we test previous lows & perhaps even make new lows.

I see the...
Mate you need to relax I was not attacking you so relax, im a scalper, i trade both ways, i do enjoy analysing situations longterm.

Yes it could hit the lows again, that depends on production and demand.

Im waiting for a clear signal to go long. Your analysis is valued, if everyone would have the same oppinion we all would be loosing perspective and money.

Im kind of busy but i will post some more detailed analysis for longterm trading which is not my strongsuit later on.

Kind regards
  • #3,553
  • Mar 14, 2011 10:45pm Mar 14, 2011 10:45pm
I think the point about shorting natty gas at these levels is that it is at about one third of the alltime high so there are much, much better r/r trades then this one.
  • #3,554
  • Mar 14, 2011 10:50pm Mar 14, 2011 10:50pm
Quoting SunTrader
I think the point about shorting natty gas at these levels is that it is at about one third of the alltime high so there are much, much better r/r trades then this one.
I agree, that's why I'd rather get in Uranium for instance. But it would be the 1st time on these kind of instruments as I never traded anything out of FX, XAU&XAG
  • #3,555
  • Mar 14, 2011 11:08pm Mar 14, 2011 11:08pm
Closed silvershorts in profit
  • #3,556
  • Mar 14, 2011 11:36pm Mar 14, 2011 11:36pm
Quoting lilpip
with the trend is your friend in mind, any shorts should be smaller in size and short lived.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #3,557
  • Mar 15, 2011 1:24am Mar 15, 2011 1:24am
Quoting z3r0
I agree, that's why I'd rather get in Uranium for instance. But it would be the 1st time on these kind of instruments as I never traded anything out of FX, XAU&XAG

Uraniaium was obviously brutal yesterday. My brother made tons off this one and some of the ones down the bottom a fews months back. You need to be brave to go in now.

http://www.google.co.uk/finance?client=ob&q=NASDAQ:URRE

Xau and xag selling off nicely. Hoping for a retest of the 1405 level today. I missed my short @ 1430 yesterday, it did not get there.

Also a head and shoulders appearing.
  • #3,558
  • Mar 15, 2011 1:55am Mar 15, 2011 1:55am
Quoting Euroscum
Uraniaium was obviously brutal yesterday. My brother made tons off this one and some of the ones down the bottom a fews months back. You need to be brave to go in now.
I don't trade Uranium but I'd like to very much... I believe Uranium will have a massive valuation in the next decades... I think this could be the time to buy heavily as I see it as being in a "smart money phase" at the moment.

Where do you trade Uranium? I know little about NASDAQ:URRE
By looking to the chart I see it hitting 10 easily in the short/mid term

I'd actually like to trade the Uranium that is at about 60$ at the moment. I don't know where to find that instrument...
  • #3,559
  • Mar 15, 2011 2:07am Mar 15, 2011 2:07am
Quoting z3r0
I don't trade Uranium but I'd like to very much... I believe Uranium will have a massive valuation in the next decades... I think this could be the time to buy heavily as I see it as being in a "smart money phase" at the moment.

Where do you trade Uranium? I know little about NASDAQ:URRE
By looking to the chart I see it hitting 10 easily in the short/mid term

I'd actually like to trade the Uranium that is at about 60$ at the moment. I don't know where to find that instrument...
I buy mining stocks. They are a lot of fun. If they get a big field find it is more fun than silver, you can literally make 200% in a month, check out urre in october last year. I am waiting for a sell off in equities ( praying it is now) and then I will be with both feet in mining stocks.
  • #3,560
  • Mar 15, 2011 2:15am Mar 15, 2011 2:15am
Quoting Euroscum
Uraniaium was obviously brutal yesterday. My brother made tons off this one and some of the ones down the bottom a fews months back. You need to be brave to go in now.

http://www.google.co.uk/finance?client=ob&q=NASDAQ:URRE

Xau and xag selling off nicely. Hoping for a retest of the 1405 level today. I missed my short @ 1430 yesterday, it did not get there.

Also a head and shoulders appearing.
The time to buy Uranium was like between 1988 and 2003...
http://www.uxc.com/review/uxc_PriceC...spot-u3o8-full
Don't wish it were easier, wish you were better. ~ Jim Rohn
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