Originally Posted by bob3367

Again Cassandra's prophecy of doom has has failed to pass, Bonds, $/€ rates all wrong, the crank has been exposed.....

Never posts when the actual results v the predictions are simply wrong.....runs away and generates a new graph

CS has no clothes, and little credibility....

Thank you Bob for your constructive criticism. You should open a thread on the philosophy section of this forum and teach us your secrets on achieving Inner Peace.

Originally Posted by bob3367

AS I would, but Cassandra has another graph that apparently dispels this myth.

I have a sneeking suspicion that the €1.70 per litre was thrown out there to rub us up, its the first time that I have ever seen or heard of a prediction that came through in relation to this.

There is something not right.

Perhaps the price at the forecourt retailers pumps depend on how regularly the stock of petrol is turned over?

In other words the retailer buys a consignment of petrol at crude price say $118, perhaps he has to exhaust that supply of stock before changing his prices?
(I know nowt about forecourt retailing btw).

Originally Posted by Cassandra Syndrome

Do you seriously believe that the day after the announcement of QE3 the Fed was going to press CTRL P and create another trillion dollars out of thin air?

Or are they buying $40 Billion a month of MBS from now to mid 2015?

There is always a lag behind the increase in the price of commodities from the increase in money supply. That great Kerryman Richard Cantillon worked that out 300 years ago.

But just last week (and two pages ago) you said:

Originally Posted by Cassandra Syndrome

WTI Oil just gone above $100 a barrel, thanks to the Feds announcing QE3. Brent Oil is at $117.50. The Bernank is keeping the Cantillon effect live and well in the 21st century.

So last week the price of oil "thanks to the Feds announcing QE3" but this week when the price falls it is because we have to wait for the "lag". I'm easily confused.

Originally Posted by Taxi Driver

But just last week (and two pages ago) you said:



So last week the price of oil "thanks to the Feds announcing QE3" but this week when the price falls it is because we have to wait for the "lag". I'm easily confused.

Waiting for the Lag?

How come we have been waiting for the last lag and still havent seen it?

Someone should tell the ESB, as they always increase prices and never reduce!

Originally Posted by Taxi Driver

But just last week (and two pages ago) you said:



So last week the price of oil "thanks to the Feds announcing QE3" but this week when the price falls it is because we have to wait for the "lag". I'm easily confused.

I am pretty sure you are aware that market prices move to these announcements temporarily and then may recede temporarily before commencing an upward mid to long term trend.

You can see the increases here on the red line after the announcements or the hints of QE, before a temporarily sell off for various reasons, before it resumes its ascent.

Originally Posted by Cassandra Syndrome

Thank you Bob for your constructive criticism. You should open a thread on the philosophy section of this forum and teach us your secrets on achieving Inner Peace.

How charitable of you!

Personally, when I read his (presumably a he) posts I can't avoid the image of an embittered, ageing accountant (may or may not have made the chartered grade which would have been the thing at the time) who probably worked as a glorified clerk for Marathon or Providence thereby picking up the terminology from those whom he would have sycophantically simpered around; now he's retired - with the regulation watch perhaps - and all that's left to do is snipe and snarl ineffectually in an effort to undermine any intelligent post.

Sad little creature.

Originally Posted by Cassandra Syndrome

I am pretty sure you are aware that market prices move to these announcements temporarily and then may recede temporarily before commencing an upward mid to long term trend.

I have no idea about future price moves. All I saw was the price falling 3% today.

Originally Posted by Taxi Driver

I have no idea about future price moves. All I saw was the price falling 3% today.

Saudis said today that they are going to print Oil. Everything is sorted now! (of course yesterday's fat finger plunge was a coincidence)

Originally Posted by gerhard dengler

Perhaps the price at the forecourt retailers pumps depend on how regularly the stock of petrol is turned over?

In other words the retailer buys a consignment of petrol at crude price say $118, perhaps he has to exhaust that supply of stock before changing his prices?
(I know nowt about forecourt retailing btw).

I've travelled quite a bit these last few days and did an ad hoc survey of forecourt prices.
There's quite a variation - petrol is from 1.54 to 1.68 and in my experience a particular well-known brand is consistently at the topz.

Originally Posted by Half Nelson

I've travelled quite a bit these last few days and did an ad hoc survey of forecourt prices.
There's quite a variation - petrol is from 1.54 to 1.68 and in my experience a particular well-known brand is consistently at the topz.

Depending on turnover and location prices will vary after a drop or increase. €1.54 for petrol is very low though, where was that if you don't mind me asking?