Fed Emergency Rate Cut – Welcome Back $4+ a Gallon Gas

The Fed – less than 30 minutes ago – cut the interest rate. Of course, I highly disagree with a rate cut since $5.00 a gallon gas, $4.50 a gallon milk, and $3.50 for a loaf of bread doesn’t excite me.  But, the Fed’s previous incompetency have resulted in a no win situation.

This interest rate cut along with the bailout means there will be too many US Dollars in the market at too cheap of a price. Translated: the cost of goods will skyrocket as Americans make their same non adjusted for inflation pay. Please see the following “definition” of inflation. I’m begging you to do so.

http://en.wikipedia.org/wiki/Inflation

Bla, bla, bla – here’s the important part of this posting…

We originally made REALLY GOOD money shorting crude oil futures here. Currently, you should be in another short position around the $95-$100 a barrel range as mentioned here. Get out of this trade IMMEDIATELY since all commodities – in a “normal” trading market – should immediately spike in price after a Fed interest rate cut.

Hey, we’re not to the $80 a barrel target price I predicted but you’ll be making a pretty good profit by buying back at the current price of $89 a barrel. DO NOT WAIT TO GET OUT OF A SHORT/SELL POSITION ON ANY COMMODITY – THE SKY IS NOW THE LIMIT ON THESE PRICES.

P.S.  I’ll call it now – within the next few days Iran will do something stupid so the analysts can blame a spike in oil futures price on instability in the middle east.  Or, maybe OPEC will conveniently cut production.

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