This is what I have been patiently waiting to happen. Partly backs my theory that oil and commodities were pushed to their highs by speculators using forward contracts.
I have been telling my friends and associates for months that the US govt could drop the price of oil and commodities by shorting them on the futures market.
Well they have done that in a different way than I conceived and have sent a number of leverage funds and resource companies down the drain.
Lets hope we see a run up for commodities next week.
Angers
CUO Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
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