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

To: Bearcatbob who wrote (53576)	11/16/2005 10:09:47 PM
From: ChanceIs	Respond to of 206131

>>>We are a nation in political hell. Buy gold!<<< Had to chuckle. I saw the following story while sorting Barons for "natural gas." The commodities bull hasn't stopped. Copper hit a multi-year (if not lifetime) high recently. Copper is supposed to be a big leading indicator. China isn't rolling over any time soon. We live in an international economy now. Just because China isn't rolling over, doesn't mean the US won't. I think the instant credit from the housing boom will take a toll, and Bernanke won't slow down the rate hikes. Something will give. _____________________________________________________ Gold and Platinum Futures Soar To Multiyear Highs on Nymex By ALISON GUERRIERE CIACCIO DOW JONES NEWSWIRES November 17, 2005 Precious metals were just that yesterday. Gold futures hit their highest levels in nearly 18 years, and platinum scored 25-year highs. The platinum rally came amid news of strong demand and dwindling supplies. The January contract on the New York Mercantile Exchange rose $14.80 an ounce to $989.70. The move was sparked in part by a bullish report released Tuesday by London metal refiner Johnson Matthey on the platinum and palladium markets. The refiner said the global platinum market is expected to remain in deficit in 2005 at 6.71 million ounces of demand against 6.59 million ounces of supply. Platinum prices are expected to fluctuate between $890 and $1,030 over the next six months, Johnson Matthey predicted. Platinum's rally spilled over into other markets as gold's front-month November contract jumped $10.20 an ounce, or 2.2%, to $478.30, the highest close for the front-month contract since January 1988. John Person, president of National Futures Advisory Service in Florida, said testimony Tuesday by Ben Bernanke, the nominee for Federal Reserve chairman, about inflationary targets also supported the precious-metals markets. Palladium also rose, reaching its highest level in 18 months on momentum from the Johnson Matthey report, which said the metal would benefit from an expanding jewelry sector, mainly in China, where demand is expected to rise 70% in 2005. December palladium closed up $9.80 at $261.50 an ounce.

To: Bearcatbob who wrote (53576)	11/16/2005 10:27:13 PM
From: ChanceIs	Respond to of 206131

I read a book on Lyndon Johnson some time ago. He was an impressive figure (and also loathsome). He grew up very poor, but wanted to go into politics. Early in his career, he was offered support money from an oil company. Even though he was desperate, he wouldn't take it. He knew he could make it into the House, Senate or perhaps governor's office with that shady past, but never something worthwhile like the presidency. Can you imagine??? I don't quite understand how it became fashionable to bash oil companies. It is not only fashionable, it is expected. If I were one of those execs, and a senator had accused me of lying, I would take it as slander. Is there no civility left??? I think King Kanute tried to command the tide to go out. Can Barbara Boxer command oil depletion to reverse??? As I have often said, you don't have to like it, you just have to recognize it for what it is worth and make your investment decisions accordingly. This political nonsense just may kill the current cycle. But it will scare badly needed investment away, making the next cycle even stronger. How I remember the wailing and gnashing of teeth in '00 when crude hit $37. What consumer wouldn't do handsprings with that price today??