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Denny Wright  

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  • Exploding The Natural Gas Supply Myth: An Interview With Bill Powers [View article]
    Mr. Job, I am amazed at your ability to recall what others have forgotten. I'm not sure, who your are defending, the person that believes that nat gas can't be exported or the one who seems to have a vendetta against TOD? The only thing that will stop nat gas from rising in the years to come will be a few more bankruptcies of US cities.
    Jul 19, 2013. 02:18 PM | Likes Like |Link to Comment
  • Exploding The Natural Gas Supply Myth: An Interview With Bill Powers [View article]
    In his above mentioned book, Bill Powers states that natural gas "will sharply rebound in price over the next couple of years." He cites five reasons for the advance: "Reduced hedges force reduced drilling, Held by Production (HBP) drilling now over, uncompleted well inventory now depleted, declining productivity in new shale wells, and foreign firms no longer overpaying to participate in shale gas plays" (p. 217-221).
    Jul 16, 2013. 07:58 AM | 3 Likes Like |Link to Comment
  • Exploding The Natural Gas Supply Myth: An Interview With Bill Powers [View article]
    The oil drum/peak oil crowd losing influence as WTI and Brent trade in the triple digits? I know, it's because of geopolitical tension, failure to open up more federal lands, etc.
    Jul 15, 2013. 02:48 PM | 1 Like Like |Link to Comment
  • Exploding The Natural Gas Supply Myth: An Interview With Bill Powers [View article]
    Ignore at will but beware of following someone who is not aware that natural gas can be exported (please see "Cheniere Energy"). Doing so will be extremely detrimental to "We the People" because it will leave the manufacturing base even more vulnerable to inevitable price shocks.
    Jul 15, 2013. 02:05 PM | 1 Like Like |Link to Comment
  • Exploding The Natural Gas Supply Myth: An Interview With Bill Powers [View article]
    When the price of extracting the resource is greater than the price the producer receives for selling, the resource stays in the ground. Unfortunately, the cost of producing shale gas receives scant attention from the financial media.
    Jul 15, 2013. 01:35 PM | 8 Likes Like |Link to Comment
  • Follow Soros And Sprott To Hammered GDXJ [View article]
    Keep holding on as the fed backtracks yet again and promises that tapering is far off and incremental rate increases remain unmentionable. As much as I wish it was otherwise, the heroin of free money is what keeps the market marching higher. While the gold price falls through production costs, keep your faith in the USD. The Fed will always print more. DJIA goes up because Fed promises that the easy money gravy train will continue yet gold drops. I can't figure that out. Maybe it's because the quarter is ending or simply because this is how the markets operate after 5 years of manipulation. In any case, hold onto your fiat currency and I hope you're right because America is a great country. For insurance, I'll dollar cost average into GDXJ just in case the Fed cannot skillfully steer our country into the promised land. Only about eight more dollars until it goes to zero which will indicate that gold has no value.
    Jun 27, 2013. 08:51 PM | Likes Like |Link to Comment
  • Follow Soros And Sprott To Hammered GDXJ [View article]
    Soros' fund sold GLD and more recently bought the mining stocks. As for Sprott, I guess it's easier to hold your position when you have such a low cost basis. Nothing about his view of a worsening economy, continued monetary debasement, or demand for physical gold and silver has changed so why sell?
    Jun 21, 2013. 05:26 PM | Likes Like |Link to Comment
  • Follow Soros And Sprott To Hammered GDXJ [View article]
    Yes, Sprott was buying gold at top of nasdaq bubble.
    Jun 21, 2013. 02:51 PM | 1 Like Like |Link to Comment
  • Follow Soros And Sprott To Hammered GDXJ [View article]
    I also agree that if you can select the individual mining stocks that will outperform, you will beat the returns of a more diversified ETF. Which companies will best manage geopolitical risk, labor issues, currency fluctuations, and cost pressures while also exceeding production expectations? I wish you the best of luck in picking those winners.
    Jun 20, 2013. 08:55 PM | 1 Like Like |Link to Comment
  • Follow Soros And Sprott To Hammered GDXJ [View article]
    Which will reduce supply.
    Jun 20, 2013. 06:20 PM | Likes Like |Link to Comment
  • Follow Soros And Sprott To Hammered GDXJ [View article]
    The decimation of GDXJ reminds me of the 2009 beating of energy ETFs which traded as if there would never again be a need for oil. Granted, if you agree with Warren Buffett that gold is a useless commodity that pays no dividend, then even dollar cost averaging is futile. However, when the DJIA moves over 200 points not because a rate increase is announced but only that the future possibility of "tapering" is put forth, we are living in the new abnormal where fundamentals are tenuous at best. Gold and silver have a much longer track record (thousands of years) than the USD or other currencies so I'm betting that there will be a place for gold and silver (which is needed in technology, solar, and water purification products) in whatever the future holds.
    Jun 20, 2013. 12:39 PM | 1 Like Like |Link to Comment
  • Follow Soros And Sprott To Hammered GDXJ [View article]
    No question, a technical analyst wouldn't go anywhere near the ugly chart of GDXJ. Without knowing where the bottom lies, dollar cost averaging makes sense if you have a long term horizon and believe that gold and silver will retain value. If not, stick with the USD and other fiat currencies that can continue to be printed by central planners.
    Jun 20, 2013. 08:48 AM | 3 Likes Like |Link to Comment
  • Natural Gas To The Rescue [View article]
    With nat gas prices approximately half the price of the rest of the world, Grantham thinks that chemical, fertilizer, and other manufacturing companies will increase usage, turning the current supply surplus into to a deficit. Since Grantham's comments, difficulties with a California nuclear plant has caused that state to rely more on nat gas powered electricity. Grantham's view is also supported by the old adage "nothing cures low prices like low prices," meaning that low prices eventually cause an increase in demand which drives prices higher until more supply arrives.
    Jun 16, 2013. 07:24 AM | Likes Like |Link to Comment
  • Fadel Gheit: Gas Sector M&A About to Ramp Up [View article]
    Mr. Gheit cites manipulation and speculation as the reasons for oil price increases. As oil continues to gush into the Gulf of Mexico, the reporter should have asked these questions:
    1. Why is BP and other oil companies spending billions of dollars drilling a mile down to gather oil? Why is Devon investing in tar sands that have to be mined and heated before producing heavy oil? The obvious answer is that the supply of easy to find and produce oil is dwindling fast.
    2. Why have the Chinese been buying oil assets around the world rather than investing in financial firms such as Mr. Gheit's Oppeheimer? At the same time, China controls the supply of essential minerals that are required to build batteries for electric cars, solar panels, and wind turbines. In the United States, government officials are discussing legal action against BP only months after opening up more ocean areas for drilling. While China takes action, meaningless calls for energy independence are tossed out by American politicians.
    There undoubtedly was some manipulation during the rise of oil to $147 dollars a barrel but the Chinese seem to be favoring hard assets over other investment options. Should investors, burned by the financial engineering of American firms, do the same?
    Jun 12, 2010. 08:37 AM | 3 Likes Like |Link to Comment
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