Oil and gasoline...

[K Frame]

"soros specializes in currencies and has been know to buy commodities. No, he had noting to do with..... "

I've been known to specialize in currencies and have been known to purchase commodities, too.

Soros doesn't have the kind of personal coin necessary to affect global oil prices.

Not even close.

[Gowen]

I will come back to this topic.  I have to family things to do.  Thank you for the discussion, though.

[Gowen]

In January 1997 soros caused the price of silver to spike because he bought a ton of it, saying it was on sale at that price.  Yes, you're right that he doesn't have enough money to influence the market directly, but a group of men could spread the notion that oil is the way to go.  Once oil started climbing, everyone jumped on the bandwagon.

It is just too convenient that oil climbs when it will hurt President Bush/Republicans and fall when it will help obama and the dems.

[K Frame]

Oil, as a traded commodity market, is FAR larger than silver, hundreds, if not thousands, of times bigger.

It's not an applicable comparison.

[lupinus]

No, it's not. 

When it comes to world markets of oil Soros doesn't have near the coin at 9bil.

Even Gates or Buffet I don't think could even sway the markets so with their personal coin.

Even getting the top people in the world all in on it would be hard.  Keep in mind that when someone has a net worth of 9 billion that doesn't mean that's whats in the checking account.  That is worth of all assets.  So to do such a thing would mean selling off huge amounts of their assets which would be noticeable and then putting them into oil. 

[Don't care]

Even getting the top people in the world all in on it would be hard.  Keep in mind that when someone has a net worth of 9 billion that doesn't mean that's whats in the checking account.  That is worth of all assets.  So to do such a thing would mean selling off huge amounts of their assets which would be noticeable and then putting them into oil. 

They also have huge credit lines that his bankers dare not refuse, lest such a person would stop doing business with such an institution.

[Gowen]

And the fact that you don't have to put any money down to buy these commodity, just have to be able to cover it when it comes due. 

Regardless, like a said it is just to strange.

[K Frame]

No one in the world has the ability to make unlimited margin purchases, despite what was depicted in Trading Places.

No one in the world has the ability to make margin purchases that would meaningfully affect a commodities market as large as the oil market. They may be able to have a momentary impact, but the ability to drive, on a continuous basis, the price of oil? That's ludicrous.

[Gewehr98]

And the fact that you don't have to put any money down to buy these commodes, just have to be able to cover it when it comes due.

I have it on good authority you can buy a commode fairly cheaply.  Covering one is your own business, though. 

[Gowen]

I have it on good authority you can buy a commode fairly cheaply.  Covering one is your own business, though. 

Oops, firefox spell check failed me.....