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

To: GREENLAW4-7 who wrote (121460)	6/8/2009 8:17:38 AM
From: Condor	Read Replies (1) \| Respond to of 206125

What do you see for the $ US ?

To: GREENLAW4-7 who wrote (121460)	6/8/2009 8:30:13 AM
From: CommanderCricket	8 Recommendations Read Replies (1) \| Respond to of 206125

IMO wrong, double and triple wrong! It is different this time and until anyone can show significant "cheap" production coming on line soon, then all we've got is 85 million bbls/day + 5% depletion a year. Game changing dynamics and your play is the OSX takes out its March lows? The game is to protect your capital from the US government and depreciating $USD. Paper is trash. For instance, what does the a share of Cisco get you? Really? what is the value of owning a share of Cisco? A dividend? rapid growth in a world no longer growing? With SU or any oil sand stock, you've got 50 years of cash flow regardless of world growth. Oil is going higher, has to go higher and will go higher or growth will never ever come back. Forget the day to day, the trend is higher. World economy gets off its back, crude demand sneaks up a little and bang, crude spike.....crash. I've never been as convinced as now that peak everything energy is real and to deny it is to stick your head in the sand. Buy resources that people have to have not paper and certainly be very careful holding cash. BTW - at the moment cheap production is anything under $100 USD a bbl