Heretic, thanks a million for that chart, buddy! Leave it to the SI Drilling Board to deliver the goods.
That chart clearly shows were we are wrt the business cycle and just where we are heading. Confirming Boom 2000 1000%.
Ya gotta believe. Those who fear interest rate hikes may want to remember that oil patch stocks were the place to be in the late 70's, early 80's as long term rates approached 14%. Oil and gold stocks were stellar performers, as I recollect.
Am I saying it's the 70's all over again? Nope! Moores law probably precludes that probability. But, CLEARLY, commodity traders are sensing something big in the offing here. What they sense is a Global Boom that will drive up DEMAND for industrial commodities. Period, and the end.
Slider, while Il Magnifico - The Dog Himself has indeed coined the term Boom 2000, I take my hat off to NO ONE in predicting what has transpired in the world economic scene. There were precious few on this board or, anywhere else for that matter, who had the foresight to even consider the possibility that Asia would recover to the extent that it has. But Slider, when it comes to great calls, I will never EVER forget the call you made about OPEC before "THE MEETING". Thats one for the books, man. I like to give credit were it is due. |
