RE: What happened to that gas?

RE: What happened to that gas? (Full Version)

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tazzygirl -> RE: What happened to that gas? (5/7/2011 11:34:44 AM)
Hmmm.. and the last time you worked in such a place that sells these items? Or is this on your insurance check list as well?

Musicmystery -> RE: What happened to that gas? (5/7/2011 3:47:53 PM)
quote: ORIGINAL: NewOCDaddy quote: ORIGINAL: Musicmystery quote: ORIGINAL: pahunkboy quote: ORIGINAL: Hillwilliam As an aside, Silver has tanked in the last month as well. What's hunky gonna do? Nothing. I am not a margin trader or a day trader. I dont even have a loss till if goes under $9. (shup ego. lol) Cheaper gas is a good- thing- milk and eggs- and chicken will come down. Yay for that. Again, I'm with pahb on this one. It was a cheap shot, and he has a solid response. He doesnt have a solid response until he sells at a profit. Till then all his "hoarding" advice is hot air, cherrypicking dates to show metals in their best possible light and making asinine posts about what blah blah blah bought at such and such a date will buy today, when an indexed stock fund would buy far more. I agree with you about the hoarding, the index fund, and realized vs. paper profits. I was talking about his point about margin calls this past week contributing to the drop in the commodities markets. He's right, for the same reason you noted, that he's lost nothing yet either until he sells.

Musicmystery -> RE: What happened to that gas? (5/7/2011 3:50:34 PM)
quote: ORIGINAL: tazzygirl quote: Cheaper gas is a good- thing- milk and eggs- and chicken will come down. Yay for that. Your kidding, right? Those prices wont drop. They are staples... and as such, easy to manipulate. Once the price increases, they will remain. Look to the costs after Katrina for proof. No, they aren't easy to manipulate. They might have less elasticity of demand than some other foods, but they're still going to respond to supply and demand. Not to do so would hurt profits--even if that meant dropping the price.

NewOCDaddy -> RE: What happened to that gas? (5/7/2011 5:25:40 PM)
quote: ORIGINAL: tazzygirl Hmmm.. and the last time you worked in such a place that sells these items? Or is this on your insurance check list as well? You have to work in "such a place" to know what has happened to prices? Weak, even for you.

NewOCDaddy -> RE: What happened to that gas? (5/7/2011 5:43:53 PM)
quote: ORIGINAL: Musicmystery quote: ORIGINAL: NewOCDaddy quote: ORIGINAL: Musicmystery quote: ORIGINAL: pahunkboy quote: ORIGINAL: Hillwilliam As an aside, Silver has tanked in the last month as well. What's hunky gonna do? Nothing. I am not a margin trader or a day trader. I dont even have a loss till if goes under $9. (shup ego. lol) Cheaper gas is a good- thing- milk and eggs- and chicken will come down. Yay for that. Again, I'm with pahb on this one. It was a cheap shot, and he has a solid response. He doesnt have a solid response until he sells at a profit. Till then all his "hoarding" advice is hot air, cherrypicking dates to show metals in their best possible light and making asinine posts about what blah blah blah bought at such and such a date will buy today, when an indexed stock fund would buy far more. I agree with you about the hoarding, the index fund, and realized vs. paper profits. I was talking about his point about margin calls this past week contributing to the drop in the commodities markets. He's right, for the same reason you noted, that he's lost nothing yet either until he sells. Sorry..I missed what you were referring to since it wasnt in the post I was responding to. Also, they werent margin CALLS per se, but increases in margin REQUIREMENTS. (The difference being that a margin CALL is when the portfolio is already underwater). The reason for the increase in margin requirements was to rationalize the leverage increases made possible by the runup in prices...ie to avoid a lot of bad paper from the bubble bursting. And of course if silver wasnt so overvalued in the first place, it is artificially low interest rates that allow leverage to be profitable. With the prospect of rising interest rates COMEX was forced to protect the clearing houses.

tazzygirl -> RE: What happened to that gas? (5/7/2011 5:47:17 PM)
quote: ORIGINAL: NewOCDaddy quote: ORIGINAL: tazzygirl Hmmm.. and the last time you worked in such a place that sells these items? Or is this on your insurance check list as well? You have to work in "such a place" to know what has happened to prices? Weak, even for you. I know what happened... prices went up and they never went down. The excuse for going up.. gas prices. Whats the excuse that they never came back down when gas prices dropped?

NewOCDaddy -> RE: What happened to that gas? (5/7/2011 5:50:57 PM)
quote: ORIGINAL: tazzygirl quote: ORIGINAL: NewOCDaddy quote: ORIGINAL: tazzygirl Hmmm.. and the last time you worked in such a place that sells these items? Or is this on your insurance check list as well? You have to work in "such a place" to know what has happened to prices? Weak, even for you. I know what happened... prices went up and they never went down. The excuse for going up.. gas prices. Whats the excuse that they never came back down when gas prices dropped? Some did, some didnt. Guess what the market forces were that led to the different results.

tazzygirl -> RE: What happened to that gas? (5/7/2011 5:53:46 PM)
Oh do tell oh great all-knowing one. [8\|]

NewOCDaddy -> RE: What happened to that gas? (5/7/2011 5:54:55 PM)
quote: ORIGINAL: tazzygirl Oh do tell oh great all-knowing one. [8\|] I already did, oh dense one.

tazzygirl -> RE: What happened to that gas? (5/7/2011 5:57:54 PM)
Actually, you didnt. You seem to be under the belief that supply and demand are the only two factors when pricing. Those certainly do play into it.. but those are not the only ones.

NewOCDaddy -> RE: What happened to that gas? (5/7/2011 6:06:07 PM)
quote: ORIGINAL: tazzygirl Actually, you didnt. You seem to be under the belief that supply and demand are the only two factors when pricing. Those certainly do play into it.. but those are not the only ones. There are things that affect supply and things that affect demand, but in an unregulated or largely unregulated market they are the only ones that ultimately determine prices. And in case you still think that food didnt come down with oil prices: [image]local://upfiles/553877/745D88231F02486193901D3E56CEC731.jpg[/image]

pahunkboy -> RE: What happened to that gas? (5/7/2011 6:10:49 PM)
Yeah Tazz, from now on buy paper gas. Not gas - gas.

NewOCDaddy -> RE: What happened to that gas? (5/7/2011 6:15:04 PM)
quote: ORIGINAL: pahunkboy Yeah Tazz, from now on buy paper gas. Not gas - gas. And bury a tank in your backyard to take delivery when the paper comes due.

pahunkboy -> RE: What happened to that gas? (5/7/2011 6:18:57 PM)
quote: ORIGINAL: NewOCDaddy quote: ORIGINAL: pahunkboy Yeah Tazz, from now on buy paper gas. Not gas - gas. And bury a tank in your backyard to take delivery when the paper comes due. When you own paper you are paying the CEO. You know- the same CEOs that have made America what it is today.

NewOCDaddy -> RE: What happened to that gas? (5/7/2011 6:50:00 PM)
quote: ORIGINAL: pahunkboy quote: ORIGINAL: NewOCDaddy quote: ORIGINAL: pahunkboy Yeah Tazz, from now on buy paper gas. Not gas - gas. And bury a tank in your backyard to take delivery when the paper comes due. When you own paper you are paying the CEO. You know- the same CEOs that have made America what it is today. Ive given up even trying to decifer [sic] your delusions.

EternalHoH -> RE: What happened to that gas? (5/8/2011 7:04:18 PM)
http://finance.fortune.cnn.com/2011/05/03/the-curious-case-of-the-supply-defying-rally-in-oil/?iid=EL "For years, prices moved pretty much on the basic economic fundamentals of supply and demand. But the oil trade has changed dramatically in the past decade as Wall Street decided to view oil more as an asset class, like equities, and a store of wealth, like gold, than just a commodity used to make gasoline and heating oil. Passive investment vehicles, like pension funds, which typically have a long-term investing thesis, have parked billions of dollars into the oil market, creating an upward spiral in prices. Speculators and momentum traders have joined the party too, driving prices up and down, irrespective of the fundamentals of supply and demand." My comment: Wall Street didn't 'decide' anything. They were 'permitted' by legislators pursuing a deregulatory structure that decided for all of us.

pahunkboy -> RE: What happened to that gas? (5/8/2011 7:11:15 PM)
Kinda odd. I drove past the gas station tonight and our prices actually went up=- not down. From $3.89 to $3.98. It must kick in faster when it goes up rather then when it goes down.

Marini -> RE: What happened to that gas? (5/8/2011 7:26:23 PM)
Gas prices are predicted to drop by around .50 cents in the next few weeks. Personally, I don't think that is a lot, compared by how quickly gas prices have gone up in the past 2 months. If the price goes up, I bet all bets will be off even on the .50 cents drop in price. Isn't it amazing how quickly the price of gas went up, and how SLOWLY the price of gas is coming down at the pumps??? Gas prices expected to fall by 50 cents this summer

subfever -> RE: What happened to that gas? (5/8/2011 7:37:46 PM)
quote: What happened to that gas? I paid $4.42 and 9/10ths of a cent earlier tonight. Haven't seen a decrease yet.

pahunkboy -> RE: What happened to that gas? (5/8/2011 7:39:41 PM)
I wonder how one gives them 9/10 of a cent. Subf, your tax must be higher then PA tax. I am assuming that was 87 octane self serve.

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