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


To: quehubo who wrote (38449)1/14/2005 8:02:23 PM
From: hilligas  Respond to of 206326
 
Agree 100%- Winter ain't over till its over! Storage,the effect on economy of energy prices,etc,etc have been "lucky as can be" last couple of years! There are some HUGE things hanging out there to change that "luck" in a heartbeat, as I think all on this board know, which makes it very hard to be that pessimistic currently IMHO. Also, I think that oil prices only make up about 2/10ths of 1% of GDP if I'm not mistaken (corrections welcome if I'm wrong).
That being said, the one thing I can't get a good grip on, is how much, how long and how quick the energy sector would go down with a big general market correction although it should for sure be the leader going back up. OSX 140 would not be out of the question for me at all though, BWTH do I know!
So, if you want some far out thinking, I guess I'm your man(or maybe your board idiot), as per the following:
IF, I say IF, the economy can rock along as per projected for the next couple of years, I actually believe the time to really worry is sometime AFTER the Olympics in 2008 in China. That's not to say there won't be some ups, downs, and sideways,but cyclically, I'm basically LT bullish obviously.
While I'm at it, I guess I would lose a "bean soup" dinner on $58.00 oil and $8.50 nat gas in next 60 days too!
All, just my 2 cents and very humble opinion!!
Heavy in TGA since $2.30, EGY since 2.60 and ERHC from .10 to .50. Made small profit on my Feb. WTI call option and looking good for March option. Will be adding to ERHC position next week. Looking for it to take off soon!!
That's my story and I will win or lose with it. Besides, is there really a BETTER place to be if your going to play??? Playing about 10 junior gold and silvers also!