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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Seeker of Truth who wrote (58898)	12/14/2009 5:06:55 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217614

hello seeker, you might be proven to be correct hydro, oil, gas, coal, sun, wind, whatever, are just about keeping the lights on in any place gold is about money we may see a day where counterparties say, "no gold, no light" i have good news and bad news re wind energy wind energy is taking off in china, a good even though wind projects are all young, mostly about 2 years young, many are in operation, also good the projects, because they require special government dispensation (grid connection/tariff rate), require continuous good faith, behaviour and relationships on / amongst all stakeholders part, a good and bad, but certainly a point of weakness should unity of purpose fail some projects are going bad, because circumstances are altered, people change, or crews mess up, a natural am engaging with burning house project in order to save the day, secure shareholder interest, consolidate management, and learn so, in ever varied reinvention, from coal to solar to wind, i am engaging with nutrition from very green and clean wind energy the excess will be mineralized as always, and the surplus will be mortarized as often enough the case :0) gold is savings in permanent form, a reserve to be used some other day. to save their surplus and excess from predations of government and market storms, folks are engaging with gold, a good thing

To: Seeker of Truth who wrote (58898)	12/16/2009 2:37:58 AM
From: TobagoJack	Respond to of 217614

just in in-tray, something about the dollar will be less-ed, in keeping with friendly trend Gulf petro-powers to launch currency in latest threat to dollar hegemony The Arab states of the Gulf region have agreed to launch a single currency modelled on the euro, hoping to blaze a trail towards a pan-Arab monetary union swelling to the ancient borders of the Ummayad Caliphate. By Ambrose Evans-Pritchard Published: 7:12PM GMT 15 Dec 2009 telegraph.co.uk The Gulf monetary union pact has come into effect,” said Kuwait’s finance minister, Mustafa al-Shamali, speaking at a Gulf Co-operation Council (GCC) summit in Kuwait. The move will give the hyper-rich club of oil exporters a petro-currency of their own, greatly increasing their influence in the global exchange and capital markets and potentially displacing the US dollar as the pricing currency for oil contracts. Between them they amount to regional superpower with a GDP of $1.2 trillion (£739bn), some 40pc of the world’s proven oil reserves, and financial clout equal to that of China. Saudi Arabia, Kuwait, Bahrain, and Qatar are to launch the first phase next year, creating a Gulf Monetary Council that will evolve quickly into a full-fledged central bank. The Emirates are staying out for now – irked that the bank will be located in Riyadh at the insistence of Saudi King Abdullah rather than in Abu Dhabi. They are expected join later, along with Oman. <snip>

To: Seeker of Truth who wrote (58898)	12/16/2009 11:14:04 AM
From: elmatador	Respond to of 217614

Ben Bernanke named Time magazine's 'person of the year. deserved credit above all others for reshaping US monetary policy and for leading an effort to rescue the global economy from the brink of an abyss guardian.co.uk

To: Seeker of Truth who wrote (58898)	12/16/2009 12:57:18 PM
From: energyplay	Read Replies (1) \| Respond to of 217614

Hi Seeker - Gold better investment than oil ? I think there is a good chance of gold the commodity outperforming oil the commodity over the next few years. Limiting the upside in oil (but maybe not oil stocks)- The technology switch to plug-in hybrids you mentioned - this will phase in over the years, but this is real, and extensively funded. One of the problems with natural gas is starting to spill over to oil - new supply from the ability to horizontally drill and fracture shales. The US natural gas economic resource estimates have doubled in the past three years, because of the Barnett shale, Haneysville shale, and now the start of Marcellus shale. The shales cover huge areas in blanket formations, so there is no finding risk. The drilling, frac and production technology is improving at about 5-10% per year. Now this technology and geological knowledge is spreading to oil bearing shales, like the Bakken that overlaps North Dakota and Canada. There is action to work similar structures in Oklahoma - Woodford (aka Cana) and Monterey shale in on shore California. The on shore Monterey shale may produce light oil similar to the light oil Chevron has offshore. >> While the price of oil may come down, that does not mean that oil stocks will be a bad investment. Some of the oil companies are seeing a huge expansion in reserves (like 3 times, 5 times, or more) because they have rights to these shale plays - so even with oil price down they will gain much more because they have 5 times as much oil. This is why Exxon bought XTO. >>So we could win buying selected oil and/or ng stocks I expect oil to have more supply the next few years, maybe even the next 10 years. At the same time, there will be some conversion of cars to electricity and natural gas, mileage improvements and conservation, and a large push for alternative energy. Gold will be driven by the creation of new money by central banks, and fears of higher prices. I don't think gold will move in a straight line, but there at least right now I think is inevitable that the price of gold moves up over a period of 7 to 10 years. The gold price could easily stay flat for four years and then take off, or the other way around. Because of this, a huge allocation to gold may not be the best idea. >>>If the supply of oil really expands, and energy efficiency increases, this will result in economic growth, higher tax revenue, and lower deficits, and could limit the upside to the price of gold. >>>I will make a guess and say if the world economy really recovered, and governments showed more restraint, the price of gold might not reach $2500 in the next ten years. I expect the chance of this is only about 10%, and most likely the gold price will be higher. While I am making silly predictions, my middle target for gold ten years out is $5000, and I will make an assessment that there is an 85% chance that gold will be under $8000. Prices much beyond that mean massive excess money printing, leading to TJ $ 60,000 price. Lower oil prices will also tend to make gold mines more profitable. Almost everything in energy (conventional, alternative, renewable, oil, gas, etc.) is changing rapidly, and this will make massive changes to world economics.

To: Seeker of Truth who wrote (58898)	12/16/2009 1:56:53 PM
From: KyrosL	Respond to of 217614

Hi SoT. Cheaper energy because of new oil/gas extraction technologies and cheaper renewable technologies may hurt not only the price of oil but also the price of gold. So, perhaps gold is a better investment in the short term because of price momentum, but longer term things are not so clear to me. The price of energy is a key factor for all prices. We have already seen how huge productivity increases due to globalization are restraining manufactured goods prices. Cheap energy may do the same for all prices, since energy is a key input in both food production and raw materials extraction. Therefore, there is a credible scenario where the rampant printing by central banks is largely nullified by productivity increases and cheap energy. In such a scenario both oil and gold are staying put or even going down in the long term.