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

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To: GaAs52 who wrote (50642)10/5/2005 7:28:37 AM
From: GREENLAW4-7  Read Replies (1) of 206121
 
MEDIA still buying the Energy BS from Wall Street!

I wake up this morning and put that GARBAGE of a business channel on cnbc, and what do I read on the bottom of the page "$4.00 gas is coming" Another BS story created by WS and used by CNBC to continue the HYPE/PUMP in energy.

The truth is the public is already telling XOM and the other majors go to hell I will moth ball my SUV for now and I will will find ALTERNATIVE ways to cut the extra $1.5 per gallon out of my life!

Also the economy is starting to show tell tale signs RECESSION/SLOWDOWN is on the way. Look at the retail stocks and tell me what that says. $14. NG and 60+ crude is CRUSHING world eco-growth and its too late to reverse the SUPER-TANKER.

Yesterday I put the same BS channel on and I see they have one of BUSH's BOYS from good OLE TEXAS, the former ROUGH NECKER himself Don Evans. From his tone you can tell HE IS LOVING LIFE since he is KNEE DEEP in BLACK GOLD! Do you believe his credablity? Do you think he has a VESTED interest in HIGHER ENERGY? The bottom line is the MEDIA is sold completely on this ENERGY TRADE, and they have no clue what it means o be NON-BIASED.

We have some very, very crutial numbers that are being reported today and tomorrow. Not that it really matters because if they are BEARISH the media will spin them positive like they did last week. If my theory is correct and Demand Destruction is strong at currnet levels, then we should have a MODEST DRAW in OIL and we could have a BUILD, based simply on the notion no refiners wanted any more SPR crude.

But watch the product number (distillite's), this will show the really game. I say the same for NG tomorrow I still say we see a decent BUILD even as 99.999% of GOM NG producers are SHUT IN.

Keep those stops tight to the belt, OSX could follow the breakdown in Crude under 63, then the real fun starts.

Good luck
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