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Gold/Mining/Energy : Peak Oil, or Oil Bubble?
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To: saveslivesbyday who wrote (184)7/11/2008 10:34:41 AM
From: John Vosilla  Read Replies (1) of 229
 
Yes..I sure would not hold it overnight until the VIX goes parabolic and US 10 yr treasury plunges to the low 3's signalling total capitulation..maybe happening in the next few days? Fannie and Freddie common shares toast might be the trigger or maybe another big name like Lehman or WashMutual..this will go on for much of 2008 and obviously the major banks that will survive can't keep dropping all the way to zero and probably pick up a ton of business on the back side..

On DUG i've thrown in the towel a while back on figuring it out as what worked in Jan and March to trigger a big move doesn't anymore..the worst thing in the world for me is to be wrong when the market is going up..I can live with small losses if everyone else is also losing and wait for the bottom in stocks..maybe the Chinese Olympics wil be the ultimate trigger for an oil top..it is always in the back of my mind
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