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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (80328)9/1/2003 12:25:41 PM
From: James F. Hopkins  Read Replies (2) of 209892
 
Skin; Black Gold..( OIL ) is really the major currency in the world
today, and has been since WWI..

I mentioned this a few times in the past, but not many people were
interested..
----
As for gold, it's more emotional crap.., the real big players have known
for years that OIL ( and natural gas ) is the king of currencies.
Even a commodity such as soap is a better currency than gold.
---
For years I've worked in one way or another in the offshore oil
business and have seen a lot of crooked deals taht never
got into the news, the manipulation of the price of oil
& natural gas is more extreme than any currency, most of that manipulation
is out of sight of the markets (under the table.) and by the time
it shows up in the market price; it's history.
---
IE: the ENRON scam..was just extreme , but that
type of scam is always with us.
Black Gold rules the world..Big money could care
less what the yellow shit does.
JIM
PS
If I were to hedge against inflation I would play
Soap futures before I'd play gold futures, but
I'm not big enough to play either, so I hedge
a little with inlfation ajusted bonds.
And I buy some raw land when I find it cheap
enough and can get a break ( discount )
on the taxes.
PS 2
( I-Bonds ) now paying more than the 10 yr
TSY,
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