"The history of Eureka lies in its future." - Lambert Molinelli, 1878

DISCLOSURE

The author/editor of the Eureka Miner owns common shares of local mining stocks, McEwen Mining (MUX) and General Moly (GMO). Please do your own research, markets can turn on you faster than a feral cat.

Monday, May 4, 2009

Oil Breaks $54 - Beer, Colonel!

Howdy Miners!

Oil broke $54 (June contract) at 1:55 pm (ET), closing out another bet in the Colonel's Beer Derby (see right column):

Oil sees $54 before $47 on or before 5/8/09

We all hate for oil prices to rise but this may be another sign that global recovery is on the horizon (at least for the time being).

Send the ole Colonel your bet on the future!

Cheers,

Colonel Possum
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