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Politics : Welcome to Slider's Dugout
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To: SliderOnTheBlack who wrote (1656)5/21/2006 9:03:58 AM
From: yard_man  Read Replies (1) of 50119
 
>>Goldbugs had better take a long, hard look at that Natural Gas chart, because not only are there many lessons to be learned, but it may just also be a very prescient window into their future as well...
<<

you really are a nit comparing those two -- and you ought to know better. Seeing this kind of silliness makes me wonder why you have any following at all on SI.

And re natural gas -- you have to know how to distinguish seasonal and cyclic volatility from a "bubble." Nat gas is clearly NOT going to settle back down to a long period where the price is below 4 bucks per mmBtu. It was not in a bubble. It HAS reached a higher average level going forward. Ditto oil.

There seems to be a desire on the part of all the self-proclaimed gurus to want to say anything that has went up in price is a bubble. That's a muddling of terms -- call a price spike a price spike or a price collapse a price collapse -- a big change in price does NOT mean something is in a bubble.
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