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Originally posted by bas we're just rolling in that sweet sweet Beatport chedda SON. I PUT DIAMONDS IN MY SALT SHAKER SO I CAN HAVE CRUSHED DIAMONDS ON MY FOOD...it makes my dookie twinkle!!!

technically the fund i am in is an etf which simply mirrors the movement of the futures. I do not have the capital, nor the power to manipulate the futures markets. Natural gas is one thing, but you are talking about 300,000 contracts a day valued at 85 dollars each.

I just watch the futures, pick a direction and put money into a leveraged etf which reciprocates double the daily gains or losses of the current future contracts preformance.

The oil cartel is controlled and manipulated by opec at large, while i may be a sand ******, i do not have those connections or insight.

Like i said before, im just a small fish riding the wave. I pay for gas just like everyone here, and i take my investment as a hedge to reduce my overall expenses on gas (and make a little bit of money on the side).

Don't blame capitalism. Its what brought you the bread to your table every morning, your Birkenstock that you wear with socks and the everyday freedoms you enjoy and usurp.

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Originally posted by Nrg2Nfinit Don't blame capitalism. Its what brought you the bread to your table every morning, your Birkenstock that you wear with socks and the everyday freedoms you enjoy and usurp.

Practically speaking, I don't blame capitalism (and to be perfectly clear, I really don't blame you). I love capitalism. I really do. I see it as a dynamic construct which allows for as much power as it does diversity. But, rightly or wrongly, I think there is a gargantuan difference between true Capitalism, in which its idealized goals are met, and a Free Market Economy, where anything goes.

The prices which rose to over $4.25 per gallon, back in 2008, weren't even entirely OPEC's fault. A very large portion of that price increase, by my understanding, was driven by speculators in so-called "dark market" which are shielded from over-sight and whose participants have no accountability for transparency.

http://www.cbsnews.com/stories/2008...in4188620.shtml

Does OPEC benefit by a relationship implied in the chain of transaction? Probably, but not to the degree that is convenient to assign the mountain of blame.

But let me be clear. Essentially, the word, Capitalism assumes a level playing field - at least in the common American psyche. There is a long history in the United States of capitalism having to be reigned in because its excesses led to a severe level of unfairness into the market. Alan Greenspan, a long time devotee of Ayn Rand, championed her anarchic vision for capitalism and has brought about, not simply the current economic crisis, but being in the position he was in for some time, helped to facilitate the usurping of other people's freedoms with the help of Henry Kissinger.

http://fray.slate.com/discuss/forums/post/3431219.aspx

Now, it would appear, that it is the American public's turn to feel a little oppression garnered by nothing less than the ideals they were taught to cherish of the Free Market. But even Alan Greenspan, a champion of Rand, has now had to bow under the unequivocal truth that Rand's philosophy was, at best, delusional.

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my old stuff, not quite up to snuff - but I still dig it - UPDATED 9/23/2012

quote:

Originally posted by Nrg2Nfinit technically the fund i am in is an etf which simply mirrors the movement of the futures.

USO?

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I wish this wouldn't have happened but all it does is make more of a case for alternative energy sources, like the ones I'm invested in. So ummmm...hopefully I get rich from all this

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Originally posted by infinity HiGH I wish this wouldn't have happened but all it does is make more of a case for alternative energy sources, like the ones I'm invested in. So ummmm...hopefully I get rich from all this

alternative energy = ygrene ?

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I always wanted to shut that Ariel bitch up.

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Originally posted by jonSun USO?

lol nope

HOU.TO.. this one is leveraged so i get double the daily preformance isntead of just the daily preformance. The disadvantage is i lose way more when the contracts rollover and the deterioration of the fund is about .1% per week.

Its a day trading vehicle.

quote:

Originally posted by EddieZilker Practically speaking, I don't blame capitalism (and to be perfectly clear, I really don't blame you). I love capitalism. I really do. I see it as a dynamic construct which allows for as much power as it does diversity. But, rightly or wrongly, I think there is a gargantuan difference between true Capitalism, in which its idealized goals are met, and a Free Market Economy, where anything goes. The prices which rose to over $4.25 per gallon, back in 2008, weren't even entirely OPEC's fault. A very large portion of that price increase, by my understanding, was driven by speculators in so-called "dark market" which are shielded from over-sight and whose participants have no accountability for transparency. http://www.cbsnews.com/stories/2008...in4188620.shtml Does OPEC benefit by a relationship implied in the chain of transaction? Probably, but not to the degree that is convenient to assign the mountain of blame. But let me be clear. Essentially, the word, Capitalism assumes a level playing field - at least in the common American psyche. There is a long history in the United States of capitalism having to be reigned in because its excesses led to a severe level of unfairness into the market. Alan Greenspan, a long time devotee of Ayn Rand, championed her anarchic vision for capitalism and has brought about, not simply the current economic crisis, but being in the position he was in for some time, helped to facilitate the usurping of other people's freedoms with the help of Henry Kissinger. http://fray.slate.com/discuss/forums/post/3431219.aspx Now, it would appear, that it is the American public's turn to feel a little oppression garnered by nothing less than the ideals they were taught to cherish of the Free Market. But even Alan Greenspan, a champion of Rand, has now had to bow under the unequivocal truth that Rand's philosophy was, at best, delusional.

what is unfair in the market? Derivatives? short selling? its all fair. You have to be smart and hedge yourself. Don't go into a fund blindly which you don't understand. Ignorance does not equal unfairness. And the whole media hype behind goldman sachs this and short selling that is all bullshit when you look at the fine details. I don't want to get into it, but putting restrictions on the free market to me is almost the same as making blacks sit in the back of the bus. Both stupid and moronic.

Insider trading information and placing trades is wrong (we know this and people get killed on this all the time).

Full disclosure is necessary, but it is up to the consumer or customer as well to inquire about things they don't understand.

Peak oil is a reality. The higher the prices of oil go up and the sooner, the more likely we are to ween off this energy source and market something new.

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Originally posted by infinity HiGH I wish this wouldn't have happened but all it does is make more of a case for alternative energy sources, like the ones I'm invested in. So ummmm...hopefully I get rich from all this

you will but you just have to wait several years or so.

Goldman Sachs are a bunch of cocksuckers and that's all I'm saying on the matter.

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