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RE: What happened to that gas? - 5/7/2011 11:34:44 AM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		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?

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RE: What happened to that gas? - 5/7/2011 3:47:53 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
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.

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RE: What happened to that gas? - 5/7/2011 3:50:34 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
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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.

(in reply to tazzygirl)
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RE: What happened to that gas? - 5/7/2011 5:25:40 PM   
NewOCDaddy


Posts: 134
Joined: 1/26/2008
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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.

(in reply to tazzygirl)
Profile   Post #: 64
RE: What happened to that gas? - 5/7/2011 5:43:53 PM   
NewOCDaddy


Posts: 134
Joined: 1/26/2008
Status: offline
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.

< Message edited by NewOCDaddy -- 5/7/2011 5:45:21 PM >

(in reply to Musicmystery)
Profile   Post #: 65
RE: What happened to that gas? - 5/7/2011 5:47:17 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
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?

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to NewOCDaddy)
Profile   Post #: 66
RE: What happened to that gas? - 5/7/2011 5:50:57 PM   
NewOCDaddy


Posts: 134
Joined: 1/26/2008
Status: offline
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.

< Message edited by NewOCDaddy -- 5/7/2011 5:51:28 PM >

(in reply to tazzygirl)
Profile   Post #: 67
RE: What happened to that gas? - 5/7/2011 5:53:46 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		Oh do tell oh great all-knowing one.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to NewOCDaddy)
Profile   Post #: 68
RE: What happened to that gas? - 5/7/2011 5:54:55 PM   
NewOCDaddy


Posts: 134
Joined: 1/26/2008
Status: offline
quote:

ORIGINAL: tazzygirl

Oh do tell oh great all-knowing one.


I already did, oh dense one.

(in reply to tazzygirl)
Profile   Post #: 69
RE: What happened to that gas? - 5/7/2011 5:57:54 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		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.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to NewOCDaddy)
Profile   Post #: 70
RE: What happened to that gas? - 5/7/2011 6:06:07 PM   
NewOCDaddy


Posts: 134
Joined: 1/26/2008
Status: offline
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:






Attachment (1)

(in reply to tazzygirl)
Profile   Post #: 71
RE: What happened to that gas? - 5/7/2011 6:10:49 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Yeah Tazz,   from now on buy paper gas.  Not gas - gas. 

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Profile   Post #: 72
RE: What happened to that gas? - 5/7/2011 6:15:04 PM   
NewOCDaddy


Posts: 134
Joined: 1/26/2008
Status: offline
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.

(in reply to pahunkboy)
Profile   Post #: 73
RE: What happened to that gas? - 5/7/2011 6:18:57 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
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.

(in reply to NewOCDaddy)
Profile   Post #: 74
RE: What happened to that gas? - 5/7/2011 6:50:00 PM   
NewOCDaddy


Posts: 134
Joined: 1/26/2008
Status: offline
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.

(in reply to pahunkboy)
Profile   Post #: 75
RE: What happened to that gas? - 5/8/2011 7:04:18 PM   
EternalHoH


Posts: 791
Joined: 5/30/2010
Status: offline 		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.





< Message edited by EternalHoH -- 5/8/2011 7:16:12 PM >

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Profile   Post #: 76
RE: What happened to that gas? - 5/8/2011 7:11:15 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		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.

(in reply to EternalHoH)
Profile   Post #: 77
RE: What happened to that gas? - 5/8/2011 7:26:23 PM   
Marini


Posts: 3629
Joined: 2/14/2010
Status: offline 		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

< Message edited by Marini -- 5/8/2011 7:27:49 PM >

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
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Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to flcouple2009)
Profile   Post #: 78
RE: What happened to that gas? - 5/8/2011 7:37:46 PM   
subfever


Posts: 2895
Joined: 5/22/2004
Status: offline
quote:

What happened to that gas?


I paid $4.42 and 9/10ths of a cent earlier tonight.

Haven't seen a decrease yet.

(in reply to flcouple2009)
Profile   Post #: 79
RE: What happened to that gas? - 5/8/2011 7:39:41 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		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.


< Message edited by pahunkboy -- 5/8/2011 7:41:01 PM >

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Profile   Post #: 80
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