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

To: Umunhum who wrote (43991)	5/13/2005 2:46:34 PM
From: Tommaso	Read Replies (1) \| Respond to of 206338

>>>The smart money knows that peak oil is coming.<<< Hey what are you? Some kind of permabull? <G> Like I said yesterday, it mught be fun to own a fully-paid-up contract on 1,000 barrels of crude. Just to heat the house and drive the car forever. Of course, the last time I had that kind of thought, my idea was how nice it would be to own several bags of junk silver coins. I sure am glad I didn't buy those at the price they were then selling at, or at any price. But let's see. Suppose crude went to $100 a barrel in the next five years. You would double your money on the fully-paid-up futures contract. But you could also buy shares in OST.UN, and if crude went to $100 a barrel you could be making as much as $10,000 a year from the income and also you would probably triple your money. Well, I just talked myself out of buying the future contract. And, yes, I do not need anyone to tell me that that's not how to play the futures market. I am very good at playing the futures market and I know how to lose as much as anyone else that way.