Scammers Are Exposed On This Site


Wednesday, 28 January 2015

Market balances are reflected in changing futures price spreads (1/28/2015)

As supply and demand balances loosened in the second half of 2014, global inventories increased and crude oil prices for near-term delivery declined substantially more than prices for delivery further into the future. In January 2015, the price discount of near-term deliveries to longer-dated deliveries grew to the highest level since 2009 for North Sea Brent futures and since 2011 for West Texas Intermediate (WTI) futures. As of January 27, the difference between the front month contract and the sixth month contract was $7.33 per barrel lower for Brent and $8.67 per barrel lower for WTI than at the start of July before the steep decline in oil prices (Figure 1). The futures curves moved from backwardation (when prices for near-term deliveries are higher than prices for longer-dated deliveries) in early July to contango (when prices for near-term deliveries are lower than prices for longer-dated deliveries) over this period. ... More »
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The Stages Of A Scam

1. Foundation Work: This is the preparations which are made before the scam is put in motion, including the elaboration of the plan, the employment of assistants and so forth.

2. Approach: Is the manner of getting in touch with the scammers victim — often most elaborately and carefully prepared.

3. Build Up: Rousing and sustaining the interest of the victim, rousing his emotions, showing him the chance of profit and filling him so full of anticipation and cupidity that his judgment is warped and his caution thrown away.

4. Pay-off or Convincer: An actual or apparent paying of money by the conspirators to convince the victim and settle doubts by a cash demonstration.

5. The Hurrah: This is like the dénouement in a play and no scam or con scheme is complete without it. It is a sudden crisis or unexpected development by which the victim is pushed over the last doubt or obstacle and forced to act. Once the hurrah is sprung the victim is clay in the scammer's hands or there is no game.

6. The In-and-In: This is the point in a scam act where the conspirator may put some of his money into the deal with that of the victim; first, to remove the last doubt that may tarry in the gull's mind.