Ron: RE: your question as to whether I would buy the said futures contracts. In the context that I predict the prices of oil to astromically spike by then, absolutely!
...but, with one serious drawback---the odds are roughly the same, in my opinion, that there will be NO stock market one year from today....NONE! (there would be a causal relationship between the two, definately!) FINITO! KAPUT! Incidentially, did any of you see the article last Nov., (even tho I haven't verified it, I believe it to be true) of a hugh gold futures contact at $398? (Dec or Nov,99).
See Warren Buffet's precious netals purchases recent track record....
Let that guide you....
I am a major stockholder in a gold company, about to go public, with a phenomenal projected gross profit margin....
Maybe that also indicates my view...
Again, my opinion is that Bruce thinks far too linearly to be taken with anything but a very small grain of salt...
K |