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Strategies & Market Trends : Waiting for the big Kahuna

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To: robnhood who wrote (34748)12/2/1998 1:26:00 AM
From: Bull RidaH  Read Replies (3) of 94695
 
Russell,

Thanks for correcting me on the new lows in oil. My memory was off a dollar on how low oil got early this year. Reviewing other energy commodity charts on that site reveals pretty much the same results... New lows across the board.

After 2nd thought, i think I'll stay out of the OSX, and will trade gold long with tight stops. With so much fed pumping, it's simply amazing what is happening in many commodities, especially food, energy, and some metals like copper. Supply and capacity must have outstripped demand to the point that the only thing that will solve the price collapse is a couple billion more people on earth.

Everybody get busy!! ;o)

David
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