Black Goldman Texas Tea, Oil That Is

Goldman Sachs is at it again, manipulating the price of oil and gas. This is the same old game and don't you play it. Take a look at the daily chart of the USO for the last year. Notice how at 100 it seems to be rounding on the top i.e. rolling over, then take a look at the stochastic, 99% , pegged. This is not the time to pile into oil/USO it's the time to get out or at least take 1/2 profits from where you should have gotten in after the double bottom @ 80 back in March and early April. Guess what Goldman Sachs is doing, you betch ya getin out and gettin you in. What I mean by gettin you in is that after a long successful run in oil and gas Goldman is taking their profits and getting out. But to maximize those profits they will try successfully to suck the public/retail investor into the same market they plan to exit. That's what research analyst's and the news whores are for. Goldman's research propagandists came out with a note claiming

Crude oil may rise to between $150 and $200 a barrel within two years as growth in supply fails to keep pace with increased demand from developing nations, Goldman Sachs Group Inc. analysts led by Arjun N. Murti said in a report.

That panics the novice investor who thinks "I better buy now before it gets to expensive" you've got to get it before it gets away. And so far it's working as oil and gas continue to climb into the US dollar rally and all time highs. But Goldman has it's jaws open the other way and when they pull the plug --sell their own long positions, the trap will be sprung and the public screwed, again.
This is the same ole same ole. The news is always best, the outlook always most favorable, the reasons to buy, and buy at any price always the most compelling AT THE END OF THE RUN!

But I don't run that way, on this blog there is a trade posted to short oil and gas via the Pro Shares UltraShort Oil&Gas ETF or DUG.

We will see what we will see, my money is where my mouth is.