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

To: Tommaso who wrote (44553)	6/3/2005 11:41:42 AM
From: Umunhum	Read Replies (3) \| Respond to of 206085

One week into driving season and all the far out oil futures are making 52 week highs: Dec '07: futuresource.com Dec '08: futuresource.com Dec '09: futuresource.com I wonder how long it is going to take before all the producers are setting 52 week highs? As Slider would say Tick Tock.... Buy leaps on the producers people!

To: Tommaso who wrote (44553)	6/3/2005 1:32:41 PM
From: Schnullie	Read Replies (1) \| Respond to of 206085

OT: yes, I agree with your analysis regarding the put prices. The difference between us is that I am apparently much more bearish on the bubble than you. Not "...if it drops to $107" but rather "...when it drops to $107, and then lower. Much lower." The 6-month time frame for the furthest out contract does give me pause, and I'm hoping to find some better pricing. Otherwise, I learned back in 1998 not to bet against bubble behavior. My perception of this bubble is probably distorted by living in the SF Bay Area, where 3 BR/2BA 1600 sq ft shacks in marginal areas are going for upwards of $750K. The Wall of Affordability is Coming.