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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (45099)	11/9/2005 1:28:59 AM
From: TimbaBear	Respond to of 110194

Darffot ...i am myself too much of a value investor and lover of energy stocks ... Well, you may not be alone in believing you are a value investor. I'd put my standards up against any for stringency to the value proposition. But it is value as I define it, not someone else, so in my universe there may be many definitions of value. I, too, have liked energy stocks....some anyway: MRO, XEC, BPT have been my favorites. I guess I belong to that foil hat brigade that believes that peak oil production has already occurred. Still plenty of oil for a whole lot of years yet, but not very cheap from now on....recessions or not. i just see them (the miners) more as trading vehicles rather than as real stores of value, like oil sands. I guess that's what makes a market because I see the oil sands as the trading plays, for someone, but not for me. There have been none that have met my definition of value. you mean if we get 14.5% real rates on the US dollar? i think gold would be toast, as would all commodities.... Have you thought that through? Did gold prices drop in Brazil, or Argentina or any other country that went through high-to-hyper inflation? Rates in the teens in the US would imply that foreign buyers no longer wanted our bonds which would imply severely declining faith in the USD. All precious metals would rise in that scenario. Yes, energy would too as it has been taking on more and more aspects of a currency. I don't think gold needs to go to $3,000 or $2,000 or $1,000. Just as long as it continues its current uptrend I'm a happy camper. You'd have to chisel the grin off of my face if it hit the 4 digit mark though! Timba