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THE BLACK GOLD WATCHER (copyright 2006)

THE BLACK GOLD WATCHER'S COMMENTARY FOR MARCH 06, 2006














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THE BLACK GOLD WATCHER’S COMMENTARY FOR MARCH 06, 2006!

 
















THE BLACK GOLD WATCHER’S COMMENTARY FOR MARCH 06, 2006

ANALYSIS OF BLACK GOLD!

Today’s closing prices for Crude Oil changed the game again. Today’s close (3/06/2006) was very weak. The droves of locals were out stop hunting. The weak holders, the public, were run out of the market.

Short sales of Crude Oil are out of the question at this time. Soon we will see how many traders will be caught on the short side as they start to sell Crude Oil here. The MOMO traders may take some heat here. The Commercials are the key to the support of Crude Oil.

 

Subscribers to THE BLACK GOLD WATCHER (copyright 2006) have already been issued the appropriate instructions to capitalize on this change.

The Dubai Ports World scandal continues to keep the heat on the short sellers.

The bigger issue of the possible deception by the bio-fuel lobby may prove to be the biggest embarrassment yet for the current Administration, and the Congress. They are the ones who rammed through all the subsidies, and other pork barrel scams, at the behest of the AG lobbies.

 

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Don't try to buy at the bottom and sell at the top. It can't be done except by liars.
Bernard Baruch


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