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


To: CommanderCricket who wrote (40124)3/13/2005 1:11:16 PM
From: Bruce L  Read Replies (1) | Respond to of 206338
 
TRENDS AND WHEN TO GET OUT OF DODGE

Michael,

It occurred to me that you - with your simple and unselfconscious style - may have identified the key advance indicator as to when the current boom in energy ends.

<<"When we finally get serious about increasing consumption taxes on energy and quickly slowing demand growth it will be time to take some money off the table.">>

For me also, my circle of friends and acquaintances has no clue as to where and how energy gets here. Nor do they particularly care. If pressed, even the intelligent and well-educated indulge in conspiracy theories.

I think a crisis in supply is coming; it might happen next month; it could take 30 months. As long as our American society does not see the elephant, the boom is safe. The trend is our friend; buy the dips.

Bruce