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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (23760)	6/13/2003 3:55:36 PM
From: whitepine	Read Replies (1) \| Respond to of 206160

energyplay, Agree about the probability of RT's heading south. I am taking a break for about 2 weeks minimum; cash only. IMO, cool weather is the primary culprit. As dabum has often suggested, more opportunities will arise in the future. Regards, whitepine

To: energyplay who wrote (23760)	6/13/2003 10:14:22 PM
From: Cogito Ergo Sum	Respond to of 206160

Hi ep, I think JimP may be right - and if we see lots of flush production AND demand destruction, I may need to wait until fall to get back in. LOL.. The minute I read that post and saw the pretty picture of steepening fill rate I had visions of 'last time'. That's why I linked it on BBR. Anyway stopped out just over half of a big AET.UN position this AM. Still ahead of my pre lift off positions in the trusts but I'm in those for income so they'll stay put eg. most of my AVN.UN is core. Gold and a flyer kept me nicely green but not spectacular. Wished I'd a kept my TMR. Like RRI I sold too soon. Not as brave as some of you guys. Anyway got lots of cash sloshing around now. Need to figure out what to do with it. I concur on the RT's. I'll wait till they dribble down some more. Unless we're going back to 2-3 dollar gas soon they'll be solid buys again before long. Pick up more long termers and another pile of traders. but the royalty trusts got WAY ahead with almost vertical charts The bollinger bands on AE.UN look like someone splitting a wishbone.. stockcharts.com[h,a]daclyyay[pd20,2!b200][vc60][iUp14,3,3!Lg]&pref=G Out of my traders on that one yesterday. There are an awful lot of yield chasers out there now. Also unloaded my NAT today, a project a couple of years in the making. Great ride there and dividends to boot. May be able to pick that back up lower soon. My gold / to gas ratio is up now :o) regards Kastel

To: energyplay who wrote (23760)	6/15/2003 11:28:17 AM
From: Bread Upon The Water	Read Replies (2) \| Respond to of 206160

IMHO, 20-30% of the price increase in the Canadian RT's is due to appreciation of the Loonie against the dollar. Like wise the distribution amounts have INCREASED (when converted to US Money) also due to both this and good strong oil & gas prices. Therefore, yield from the trusts has not dropped proportionately in relationship to the price increase. IF the US dollar remains weak you won't see a particularly steep slide in RT NAV. A factor that one should consider in deciding whether to hold or unload one's position--no?