To: TobagoJack who wrote (34996 ) 5/21/2008 11:26:23 AM From: carranza2 Read Replies (2) | Respond to of 217591 Good for you, Jay.portfolio approaching 2008 high watermark and so all is better. Despite provocative research concerning successful devaluation of the dollar, and claim that inflation is not that bad which led me into a very, very brief foray into QQQQ and SPY, which I exited with speed and alacrity at a tiny profit when I regained my senses as my superhumdginging absolutely foolproof mantra ["align PF and thinking with The Force and the macro fundamentals", repeat until part of unconscious thinking], I have returned to the bear side of things. Aligning PF with macroeco fundamentals - and the patience of Job - will make you wealthy beyond your dreams. So, in view of overwhelming evidence that rising oil prices are a function of increased demand and decreased ability to supply same, and in further view of the fact that there is no overwhelming sense of urgency concerning energy alternatives which will challenge oil, I have gone ultralong crude via DIG and simply long via USO. Bought giant COP, again, because of its reserves. Have watched my Canadian beauties, ECA and TLM, do extremely well. Thinking about XOM which, despite its dwindling reserves, is probably the world's best managed company, especially from the financial side. I have this idea that XOM will eventually disappear as it determines that marketing and refining are not worth it and its reserves get sold off. The payoff: a huge, monster special dividend. It is supporting its share price through enormous buybacks. Just a fantasy, however, but I do see private oil companies such as XOM and COP eventually dying off as their oil in the ground dwindles [XOM reported a 10% decline], but there will lots of moolah made in the process. The national oil companies will make a stupendous mess out of the reserves just like Pemex did and the Venezuelans and Brazilians are about to, mismanaging for short term return, all of which points to POO going stratospheric, especially as competition for crude goes into high gear in the net few years. This competition for energy will be brutal, bare knuckles, and I expect some serious international friction to develop, all of which is good for gold. So, have been adding in the last few weeks to doubledelicious gold ETF, DGP. The third leg of the macro picture, the third gold next to crude and gold itself, coal, I have missed though I recognized it long ago. If you truly have the patience of Job, and wish to make Coconut fabulously wealthy so that she will take care of Dada in his ripe old age in the style Dada will become used to by then, buy uranium. Nuclear energy is the rational way to go. It is efficient, safe, long lasting, mostly clean, necessary and therefore will inevitably happen. This is foretold, chicken-entrailed, tea leafedFind good uranium shares, buy, stick in lockbox and forget for 20 years. Bingo! By then the POO will be substantially lower and the Brazilians and all the rest of the chest-thumping nationalistic folks salivating at the prospect of rapidly increasing oil prices and finally sticking it to the US and Europe will have, with a great deal of difficulty, paid off their rusting drilling rigs built for them right here in South Louisiana.