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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Tommaso who wrote (23667)	6/11/2003 6:40:40 PM
From: whitepine	Read Replies (1) of 206114

Tommaso, >Would be happy to listen to any warnings that might help combat self-destructive euphoria.< I have been dwelling on this problem, too. My best guess is that canroys are running for two reasons: 1. real rate of return is awesome compared to fixed-income alternatives. It seems PE's are growing and ROR is being pushed down. Even so, comparable alternatives remain less attractive. 2. NG-weighted trusts, and even the oily ones, are supported by real CF and real earnings. Anyone remember $6+ gas in June? Canroy's are not running in isolation. I have been waiting to add on dips.....and waiting....and they still keep running. Sold SJT after a big move about two weeks ago and it still roars on. Perhaps the new LT equilibrium in a yield-starved environment is at a higher level? Wish I knew. Will the cool temps of May and early June continue? Will injections stay above 100 in the coming weeks? Regards, whitepine

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