Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Cogito Ergo Sum who wrote (41969)	4/15/2005 9:48:12 AM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 206325

Spotted Cat... re: Commodity/Currency relationships - Gold experienced virtually the same reality. One could easily argue that it was a Dollar Bear market and not a true Gold Bull Market of late; as Gold ramped in US Dollar Terms, but was flat in many other currencies - hence; for much of the World...there was no recent Gold Bull. This is reality...it's not from Stratfor, or the quote/unquote "Oliver Stone-esque" conspiracy rags...it's straight from the Bull's Mouth of Raymond James Energy Dept...although, it wouldn't matter who it was from - the numbers are the numbers. It REALLY is this simple people: 1. The Price of Oil has been almost entirely a result of the crash of the US Dollar against the Euro and other global currencies.... PERIOD. - if you could only have 1 factile of information on which to trade Oil.... THIS would be it. 2. Every single Pro-Oil/Pro-Peak Oil Bullish Analyst & Broker Energy Dept; all acknowledge between $6 to $10 in the present price of Crude Oil coming from the "RISK PREMIUM" due to our War presence in Iraq, the Terrorist threat to the Saudi's and Oil Pipelines and Transport in the Middle East. - if/when the US Dollar reverses in relation to the Euro (as it is doing now) and any portion of that Risk Premium comes out of Crude Oil Prices - you can see on that Raymond James WTI Oil Price chart...that Oil is going sub $30 again. That's reality...that's the math and those are the cold, unemotional numbers. 3. DON'T FIGHT THE FED. The Fed is cooling the US Economy. I and many others have been pounding the table on this vis a vie US and ultimately Global demand. The Transports (YELL) have cracked, the Steels, - nothing occurs in a vacuum...High Oil Prices create fractures in the broad Economy and impact Demand. - now Raymond James is saying the same thing. - now the Chinese are saying the same thing. - and Oil Inventory builds and Mr. Market have been telling you the same thing. 4. I and others have also been pounding the table on the disconnect of Oil Prices in the "paper futures market" from the real supply, inventory and demand fundamentals as cited by Oil CEO after CEO. - now even the Pro-Oil, Pro-Peak Oil Energy Analysts like those from Raymond James are saying: "Yes, Inventories do matter...and that finally AFTER the 9th consecutive week of inventory builds...they too found Jesus and stated "Oil Inventory builds are now very bearish for Oil Prices." As I said earlier; pillar after pillar of the Peak Oil-New Super Spike Cycle Paradigm are getting knocked down by Market Reality...by the numbers. The entire Tone and Tenor coming not from the Bear side, but from the most bullish of bullish Oil Analysts is now changing. Finally.....they have begun to REACT to reality. Sadly, they failed to ANTICIPATE it. 9 weeks+ late to reality....but, as they say: - better late than never.