Providence Resources - Hello Phonner - I would say that Goldman...

I would say that Goldman Sachs Have Been shorting futures Market probably in conjunction with and at the behest of Sama (Saudi sovereign wealth fund) and their Kuwaiti counterparts. Saudi and Kuwaiti funds selling futures To keep prices low ahead of October credit funding line appraisal for USA Frackers. Once credit cut to Frackers in October and in advance of December OPEC meeting expect to See Oil futures price rise as Saudi and Kuwaiti sovereign wealth funds un wind their risk free short trades as they control production i.e They are shorting their own production so can cover at no Cost and no risk. Obviously Goldman Sachs whilst forecast inf 20 dollars a barrel Will cover Its shorts in The coming weeks in a weak market by frightening others into selling On the Back of Its forecasts. Expect Saudi abd Kuwaiti Will Have explained to insiders That shorts Will be reversed post October. This Is what I Believe is happening. Expect Oil between 50-60 dollars a barrel By December so that Saudis can tell their OPEC buddies that their strategy has worked