DataViews

$100 oil $1000 gold

Rating: 1.00 not yet rated(1 votes)    Vote:

You are logged in as | Logout

I continue to hold my opinion of
$100 oil and $1000 gold becoming the new norm
(the new floor support pricing)

as set forth in my previous blog
"the demise of comfortable markets"
(February 27 2008)

and as reptialian amplified by:
the WallStreetGecko

interesting trade strategies are being facilitated by
the existance of counter-opinion
expecting a retracement of the
recent high commodity pricing

I have added to my holdings of oil refiners
when their stock prices recently became more attractive

although pricing of gold mining companies
has remained too high for me to
consider such investment as being value timing opportunity

overall, it is rather depressing to consider that
reptilian concepts might be what works on Wall Street

greed is ... ?

although in attempts to be fair,
it might be reptilian survival instinct,
rather then reptilian greed,
which is fueling the higher commodity pricing

Comments: 1