That was good food for thought.
However, I was reading about how it will be rather expensive
to extract crude form the oil sands.
And the chess game in the Mid East may be more complex than
we figure.
Here's a good article that helps explain the moves.
(Especially with Iran.)
Message 22073182
(It's a worth while read. Not just a lot of hot air and
rhetoric.)
Mind you that I do realize most of these stories make the
most sense while oil continues upward. All part of the hype
you speak of.
But it makes you wonder how long this energy bull can run.
...and the gold bull.
All the stories of wonderment sound so plausible during the
bull run. Especially towards to end of the run. Just like
George Gilder seemed like a genius before the tech top of 2K.
But trying to figure where the bull tires is a difficult task
and often rather costly. Still no technical damage on the
charts.
NatGas:
Long term: stockcharts.com[g,a]daclyyay[d20010122,20060122][pb200][vc60][iub14!la12,26,9][j67536523,y]&listNum=1
61.8% Fib correction: stockcharts.com[g,a]waclyyay[de][pb50!b200!f][vc60][iub14!la12,26,9][J67536954,Y]&listNum=1
Until these charts breakdown, it might be best to watch the
bull run. After it breaks there will plenty of opportunity
to ride it down.
In the meantime, Palladium certainly appears to be either a
young bull or still has plenty of room left in a corrective
move up. I'm certainly on the same page as you there.
stockcharts.com[g,a]daclyyay[d19990122,20060122][pb50!b200!f][vc60][iub14!la12,26,9][J67537154,Y]&listNum=1
Lots more upside potential there than trying to ride the
oil/gold bull's tail. Your Risk/Reward stuff is right on
in my opinion.
-Clapper |
