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

To: CommanderCricket who wrote (102224)	6/6/2008 2:40:17 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 206328

Reminds me of the blow off in gold last year when POG hit a grand. At the end the XAU refused to go higher and then gave up the ghost. Oil this high is bad for everybody. Markets refuse to work.

To: CommanderCricket who wrote (102224)	6/6/2008 3:09:25 PM
From: Madharry	Read Replies (1) \| Respond to of 206328

a lot of the smaller o&G stocks have been going down for the past year and started to rebound only in the past couple of months. there seems to be a disconnect between the people who play in the commodities markets and the people who invest in the stock market. I suppose if you are convinced that the price of oil is going up theres more leverage in the commodity market. also by buying the commodity directly you are not suject to additional taxation, expropriation, operational mishaps, and fraud.

To: CommanderCricket who wrote (102224)	6/6/2008 10:47:27 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 206328

Why oil stocks had little lift today is easy to explain. If the price of oil rises so quickly that the economy tanks, oil firms will be selling very little of their product. That means lower profits in spite of high prices. The economy is already suffering from the real estate collapse and a war that has gone on and on, long after WW-II was fought and won. Keeping the foot on the accelerator at the central banks has led to a rise in oil and other commodity prices, and the resulting cost inflation will finally overcome the odd reluctance of central banks to accept a recession in over-leveraged economies. The end result may well be much lower prices in a few years time, just like 1983. This is the result of general incompetence. .