Big Dog's Boom Boom Room Message Board

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

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From: quehubo	11/30/2004 8:41:15 PM
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The weather has me spooked knowing that the market has been hearing about a colder than normal Winter that is already 4 weeks late and forecasted above normal for another 2 weeks. Down to 45% loaded, holding some OIH puts. If the institutions can drive prices up far from here without any weather and another 2 weeks of expected shitty draws I will be surprised. The oil side seems pretty stable and risks are to the downside if weather does not show soon. Up 45% last year and 35% this year so far I still have about as much on the table as I did fully loaded in late 2002. Energy prices need to find some demand, until then I am not betting equities will move up much.

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