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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: profile_14 who wrote (27475)11/27/2003 12:25:16 PM
From: russwinter   of 206184
 
Excellent recap, but I think I'd take #13 and throw it up to #1. The situation there is in runaway mode, plus you have the speculators and hedge funds piling into everything. They've unleashed the "dogs and demons",and energy's next with first cold spell, if not sooner.

Message 19541344

and this:
Message 19541103

and this:
Message 19538433

shipping rate index:
quote.bloomberg.com

I think it's happening now in energy, and in fact the energy stocks had a great week, as even the drillers, managed to get off the canvas (that's because your #15 point about WS shows how badly disconnected they are). Plus unlike the metal stocks,
Message 19540768
the neglect in energy stocks has made them the low risk trade. The question is going to be when does this led to a bust. I sure don't think a long overdue quarter or half point fed fund increase will derail commodities generally, or energy specifically (although it will financials, and retailers). In fact it's my belief that it will be the energy (and other materials) blowoff at $40 oil and $8 gas that will cause the real bust (tsunami coming from Asia). The Fed will be irrelevant at that point. Until then I think it's party hat time (even if breifly) for those of us invested in the sector.
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