Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: diana g who wrote (79419)	11/18/2000 11:06:55 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

Actually Princess Di di - COAL is a great idea... New technololgies in controlling emissions have made coal fired power plants a very real and longterm factor in our future energy policy. Coal is plentifull and cheap (like gold of late (VBG) and with record Oil & Gas prices - Coal investments may be a bit more savy than you realize... I'm looking at some right now... Now if we can only find a way to convert some of these power plants to "Gold fired" - maybe we can finally ramp the POG ? Di, Di, Di, - 5-6 major bull markets in Gold/XAU stocks in the last 15 years compares VERY favorably with Oil & the OSX here actually ~ Gold, like Oil is a cyclical commodity; but unlike Oil - it is money; was money and will ALLWAYS be money and in times of trouble - it is the ONLY form of money worth holding... Gold has been given it's last rites by far, better than you little Di; and each & everytime it's come back like a Phoenix and now - Gold Stocks are actually at their ALLTIME LOW's - yes; "alltime" lows - on a valuation basis; price per ounce of production & reserves and many are still very profitable ! Any stereotypical derogatory comments one can make about investing in Gold stocks - one can make equally about Oil & Oil stocks - very, very similar. You just need the attention span of a mature adult and be able to exercise a bit of patience and to tread where few dare - when few do; to make money in these contrarian of contrarian cyclical bottoms. Gold having 5,6 major bull markets in the last 15 years is certainly not dead - it's merely a traditional cyclical sector - behaving like a cyclical sector does ! - nothing more, nothing less and it amazes me that people don't see it as simplistically as it is. The same negative arguements have been made continually for the last 15 years about Gold - nothing and I mean nothing; new. But; there is one thing that is new for the Gold Bulls ! - and that is that never; never, ever - has ANYTHING ever existed on the short side; as what exist in the Gold Carry Trades' short/derivative position presently. It partly resulted out of the LTC bailout, partly out of greed & excess and partly out of the ESF/PPT having to necessarially "stabilize" the POG as to be able to calm any inflation fears during the Rubin-Greenspan Money pump & $30 Oil...and to build, then maintain King Dollar. As in all things worldly; their is a price to pay for all of that & we will pay; trust me - we're beginning to pay right now and Gold will have it's day. As I said; Gold - now more than ever & if not now; when ? ... and by the way; don't all girls like gold ?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next