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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: lzc who wrote (377)	8/11/2005 1:02:07 PM
From: SliderOnTheBlack	Respond to of 50682

IZC... re: Oil vs. Gold My point was rather simple... the bottom of the Secular Gold Cycle occured in late 2000 simultaneous to the "then" top of the Oilpatch....and the returns since that inflection point for the OSX has been less than + 20% even with today's record highs... versus a literal 7-fold increase in the HUI Goldstock Index. - there can be no debate on making that shift at that time, THAT is when "I" made the shift...so that is the timeframe I am referencing. But, it's not the past that the Oilbulls need to be worry about - it's the future: The Question Oilpatch Bulls need to be asking themselves is simple: - is the end of the modern industrial and financial world really just weeks and months away....as Matt Simmon's call for a 10-15 fold increase in Crude Oil by years end - portends ? And if it is.... is being Long Oil - "really" the best Trade on the Global Economic Collapse & Armagedeon that Simmons is now predicting ? Global Economic Armagedeon aside... given signs of a slowing US and Global Economy... have the risk:reward metric's of being Long Oilpatch Stocks at these levels now disconnected from reality ? Greed, emotionality and ignoring reversing Risk:Reward Metric's in the quest to obtain and time that final speculative blow off Top - are the same human weaknesses that sent many NAZ Bulls to their un-timely deaths in 2001. While Markets change... human nature never does... THAT is always one of the greatest trades the market ever offers... the madness of crowds - Chasing Alpha - which leads the lemmings right up over the Top and Off the Cliff ~ Tic Toc` Slider