Remember The Next Time

SEARCH BLOG: OIL and BAILOUT

Tuesday, I wrote about the oil correction and how the $51 level I envisioned was being approached rapidly. On May 9, I noted this:

Can you connect the dots?

CNN - January 2, 2008 - It's been rumored Goldman Sachs has over $80 billion in the market, although the investment bank declined comment for this story.

CNN - May 7, 2008 - Oil hit record settlement and trading highs Tuesday after a Goldman Sachs analyst said crude prices could reach $150 to $200 within the next six months to two years.

[note the dates just under the prices on the two charts above]

I don't know if you can connect the dots, but... if not, I think Goldman Sachs has a bridge they'd like to sell you. In the meantime, they're doing quite a business pumping up the price of oil [and gas]... pun intended.

I tend to be skeptical about many things, but there has been enough massive financial manipulation going on the past decade to warrant the suggestion that you re-read this.

Say, I wonder what's been happening at Goldman Sachs? Oh, it's a "bank holding company" now? Hmmm. I'm sure they have great insight regarding fixing the present banking problems... just like they knew where oil was headed.

And do we know any politicians connected to them? Anyone involved in the bailout?

Meanwhile... shortly after the close of the stock markets yesterday...


Almost within $15 of the target. Hey, that's "close enough for government work"... eh?

Perhaps you should watch out for any money in banks under the new "bank holding company" umbrella.

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