Three Items That Will Signal a Crude Recovery [View article]
Consumer sentiment needs to be up too. This will happen with increase of jobs and economic activity. Both of which are not happening.
I truly believe energy and hard assets are the place to be - in the long run. However, the timing is absolutely critical. Unless you have extra capital to burn in the medium term (1 to 2 years), you want to save it for a rainy day.
Should We Listen to Boone Pickens on Oil? [View article]
Jason Schwarz,
You may not like Pickens message, but you should heed Matt Simons' stand on oil.
Do you think oil will be below $50 ever again? Is that your position? Do you expect we have seen the last of the hurricane season? Do you see 3 billion people suddenly vanish from the face of this planet? Do you think the Chinese will driver fewer cars and continue to live in slump like conditions? What about Asia?
Oil is a global commodity, you can't 'grow' oil, and renewable energy is not going to impact the oil equation significantly for the next 50 years.
Buy oil, long, on corrections as it is currently going through now.
I sense that many folks are looking at the issue from the US centric point of view. The world is much, much, much larger than USA.
Consider future growth of Asia - especially China and India.
For every barrel of oil we are willing to give up, it will be sucked up in Asia - plus 10 more barrels!
I honestly think we will go to war for oil. In this case, commodities will rise, stocks and bonds will trade side ways or even fall relative to hard assets.
Oil Bulls' Biggest Nightmare: A Stronger Dollar [View article]
I don't think interest rate is going up anytime soon as the Fed has painted itself into a tight corner. Raising it will cause massive defaults instantly collapsing the entire economy, and with it that of the entire world.
Oil and Gold Grab the Headlines - But Silver's Another Major Mover [View article]
Gold dropped this pass week because of massive 1) Sell off by the banks to shore up cash in light of current financial mess. 2) Selling of commodities by brokers to book gains for the quarter.
Make no mistake, gold's drop is temporary. When it starts to rally, it will bring the entire asset class up again. As an astute investor, do not forget to buy low and sell high.
Contemplating the Fallout from Increasing Oil Prices [View article]
Three Items That Will Signal a Crude Recovery [View article]
I truly believe energy and hard assets are the place to be - in the long run. However, the timing is absolutely critical. Unless you have extra capital to burn in the medium term (1 to 2 years), you want to save it for a rainy day.
Stay safe.
Should We Listen to Boone Pickens on Oil? [View article]
Because there isn't any in Washington.
If he makes billions, he deserves it. This is after all a free economy.
Anyone with a better plan? Please speak out.
Should We Listen to Boone Pickens on Oil? [View article]
You may not like Pickens message, but you should heed Matt Simons' stand on oil.
Do you think oil will be below $50 ever again? Is that your position? Do you expect we have seen the last of the hurricane season? Do you see 3 billion people suddenly vanish from the face of this planet? Do you think the Chinese will driver fewer cars and continue to live in slump like conditions? What about Asia?
Oil is a global commodity, you can't 'grow' oil, and renewable energy is not going to impact the oil equation significantly for the next 50 years.
Buy oil, long, on corrections as it is currently going through now.
Despite Lower Oil Inventories, Dollar Surges [View article]
Since I can't stock pile hundreds of barrels of oil in my back yard, I decided to buy a safe and stock pile as much precious metals as I can.
How Much Worse Can It Get For Oil? [View article]
Consider future growth of Asia - especially China and India.
For every barrel of oil we are willing to give up, it will be sucked up in Asia - plus 10 more barrels!
I honestly think we will go to war for oil. In this case, commodities will rise, stocks and bonds will trade side ways or even fall relative to hard assets.
How Much Worse Can It Get For Oil? [View article]
www.google.com/search?...
Use knowledge to your advantage. Leave politics and emotions out.
Oil Bulls' Biggest Nightmare: A Stronger Dollar [View article]
$200 Oil, $2000 Gold? [View article]
Please take heed. Or ignore at your own demise.
Listen more on oil and gold in the April 26 broadcast in the following link:
financialsense.com/fsn...
Big Oil Once Again Abused by Congress [View article]
To counter ever increasing prices, do not hold on to the US$. Hold on to real money - Gold and silver!!!
Think about it, an ounce of gold bought about 10 barrels of oil in 1998. The same 1 once buys about 10 barrels of oil today (2008) too!!!
Oil and Gold Grab the Headlines - But Silver's Another Major Mover [View article]
1) Sell off by the banks to shore up cash in light of current financial mess.
2) Selling of commodities by brokers to book gains for the quarter.
Make no mistake, gold's drop is temporary. When it starts to rally, it will bring the entire asset class up again. As an astute investor, do not forget to buy low and sell high.