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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Seeker of Truth who wrote (48283)	4/9/2004 12:39:58 PM
From: Cogito Ergo Sum	Respond to of 74559

Some weight has to be given to this scenario, so I think. LOL.. Malcolm I dunno if gold has peaked yet and I worry about it... but I have lots of energy too simply because we need it... I don't worry about that except for the occasional rogue stock... Kastel

To: Seeker of Truth who wrote (48283)	4/9/2004 6:20:00 PM
From: energyplay	Respond to of 74559

Kurt Wulff at www.mcdep.com is positive on energy trusts - see "ENergy Income Trusts - Raise present Value 10%" at www.mcdep.com He's independent and conservative. Gold was 1978-1979. One problem with gold is you buy it, put in a vault, then when the price is higher, sell it. Stuff doesn't go away. Oil & gas & coal get burned up and you have to buy more if you don't won't to freeze in the dark. I like copper and other industrial metals for a simmilar reason - most people won't tear out their pipes because the price of copper is higher. If you are a stock broker, you want to recommend something that will go up, and then go flat or go down, so your client will sell it ot buy the next thing. With energy trusts, you buy it and sit on it. No transaction, no trades, broker makes nothing next year. One big question on commodities is are we in a normal cycle or a super- cycle that will last a little longer and leave prices at a somewhat higher level in the future. The cycle isn'y going away, but the next bottom may be at $24 bbl instead of $12 or $18. Of course, after $40-$55 a barrell it will still feel like the end of the world in the oil patch.