Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Crimson Ghost who wrote (17559)	8/21/2002 11:57:22 AM
From: SliderOnTheBlack	Read Replies (1) of 36161

G. Cole re: Slider: "You've got it dead wrong on Iraq. And If Bush invades you Better dump your airline stocks fast." When (not if) an invasion of Iraq looks imminent - I'll probably already have dumped all of my longs other than Gold/Pm's and a small energy forray. Energy - given the API build here (whodathunkit ? - given the disbelieved huge draw earlier) will ultimately be a great short atop the boost that oil and energy will surely receive. The commodity will be a better play than the stocks...no one is going to ramp cap ex spending to the OS stocks based on a 90 day Iraq War... will Oil ramp ? - yes; will OSX stocks ? - to a degree, but if they get silly; ie: OSX 115+ - SHORT THE HELL OUTTA THEM - as they'll fall back to earth quickly to do a continued slow global economy - with rising oil prices only prolonging that recovery. Bush's strength is perhaps what the world really needs here - an unwavering moral authority and vision of right. He (to his credit) imho - WILL sacrifice his Presidency (re-election hopes) regardless of polls and he will take out Saddam and Terrorism as his mission and his legacy. The Saudi's are the hidden piece of the puzzle. Understandably and as nothing new; they are playing both sides... but; we may slowly be realizing that they are a significant root of evil and haven't been the friend we thought we had and in fact may be a significant sponsor of anti-American Terrorisim. Maybe only certain factions of the Royal Family need to be cleansed... but, they had better handle it internally and quick; or the Saudi's may soon be part of the gameplan. And given the inevitable continued Dollar weakness - look for the Oil Cartel to repatriate US $'s, stocks, bonds etc for GOLD...when, not if....regardless of the recent Saudi specific threat to remove assets... GOLD will move strongly on the Big ME Picture here... and that Derivatives Rogue Wave may be building on the horizon for an Oct/Nov-esque appearance... Looking to add more Gold stocks here again on all further significant weakness... would LOVE some $22 NEM here... Gorge; bottomline - Saddam is history. Let's just hope he doesn't get a bio-laden,or dirty nuke Scud thru the net and into Israel before he's taken out...

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