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

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To: NOW who wrote (36911)11/29/2004 6:16:16 AM
From: GREENLAW4-7  Read Replies (1) of 206114
 
Contrarian view since noone lately has said anything about Crude heading back to 40 area.

Everytime I pick any periodical, or watch any news program all I ever hear is how Crude cannot return to 30 area and many say its going above 60. When everyone bets one way the market always finds a way to burn you and them. I have been amazed at how long we have been above 35, so I will stay out of the Crude argument except to say in the 70's when we had the spike during the embargo, Crude actually came down faster then it is currently.

I am getting skeptical with the recnt NG data looks like that product should be at $5. When I look at the Oil data we are above lastyear on evry product except Distillites, this means diddly squat since distillites always lags into fall before switching.

Just your neighborhood contrarian looking for an angle.

Good luck all!
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