2008traveler

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17 Comments

    • Gold, Silver and the Great Unwind: No Conspiracies Here [view article]
      If you want to learn about fiat money get on a plane to Zimbabwe. Aug 18 03:38 PM
    • Gold, Silver and the Great Unwind: No Conspiracies Here [view article]
      I guess people who "wind" (use leverage) must eventually "unwind". But those of us who hold the physical metal can wait until the cows come home. As for silver you can say that the price is $13, $12, $9 or $8. It doesn't really matter if the physical is no where to be found. As for oil and oil equities prices I don't know to many companies that are making money hand over fist like companies in the oil patch. Certainly not financials. Aug 17 07:19 PM
    • Predicting the Bottom in Gold [view article]
      To borrow an investment strategy from the late Sir John Templeton, focus on helping people. "When everyone wants to buy something, help them out by selling it to them. When everyone wants to sell something, help them out by buying it from them." Right now it looks like everyone is wanting to sell oil and precious metals. Help them out, buy it from them at these depressed prices. Aug 15 05:46 PM
    • The Crude Reality [view article]
      If it does fall as you predict that will further delay progress toward alternatives, mothball exploration, increase demand from parked SUVs and result in even higher prices in the future. Unless of course production can be increased by millions of barrels a day of light sweet crude. Aug 10 09:18 PM
    • Crude Reality: Big Oil's Purposely Restricting Supply [view article]
      The only restriction of supply is nature. And nature is running out. Aug 01 10:25 PM
    • Is Natural Gas Down for the Count? [view article]
      Luca: The huge gain last winter was due to a couple of factors that all had to do with the weather and starting from a depressed price. One was we did not have any hurricanes which allowed supply building without interruption. Two the weather man predicted a warmer than normal winter. This prediction actually held through December putting more downward pressure on prices. My climate reports differed. They predicted a warm beginning and end of winter but with a bitter cold middle of winter. Kind of a head fake. If you averaged that warm-cold-warm scenario you would see a warmer average temperature. The first two parts of my weather forecast held true catching a lot of people by surprise when it got really cold causing a price spike. The last half of my weather forecast did not hold true and it stayed cold until the beginning of April depleting supplies. That is why you saw a 25% rise. Jul 30 02:36 PM
    • China & Copper: Prepare for Crisis [view article]
      I often wonder what articles about China and India use as a source of information and statistics. I am not sure if their governments even produce these numbers and how reliable they might be. Jul 30 08:31 AM
    • Why I'm Not Buying Oil's Recent 'Correction' [view article]
      Brian Pursley: Fossil fuels or mineral fuels are fossil source fuels, that is, hydrocarbons found within the top layer of the Earth’s crust. It is generally accepted that they formed from the fossilized remains of dead plants and animals by exposure to heat and pressure in the Earth's crust over hundreds of millions of years. It was estimated by the Energy Information Administration that in 2005, 86% of primary energy production in the world came from burning fossil fuels. source Wikipedia Jul 30 12:41 AM
    • Why I'm Not Buying Oil's Recent 'Correction' [view article]
      My local gas station dropped the price of regular to $3.95 a gallon. The 40 pumps were all being used by SUV and trucks sucking up as much as they could. So much for demand destruction! Don't believe all that the talking heads tell you. Especially some government agency. Over $4 a gallon was just a way of getting the junky to think high $3 a gallon is a steal. Guess everybody who owned an SUV didn't trade it in for a Prius. I wouldn't go crazy dumping energy shares. Cheaper crude means better margins for some. How many tech stocks or financials have doubled earnings in a year. Until Petrobas cancels their orders to contract every available rig in existence, oil service companies will continue to perform. Jul 30 12:17 AM
    • Why I'm Not Buying Oil's Recent 'Correction' [view article]
      When it comes to fossil fuels you might be served better by a dipstick than a chart. I saw a TV news report of a local gas station that lowered it's price to $3.80. The lines of cars waiting for (cheap?) gas were tremendous. If the price dips in this CORRECTION I am sure you will see that demand destruction fade. Europe pays $9 a gallon. Can you spell buying opportunity? Jul 27 09:40 AM
    • Is Natural Gas Down for the Count? [view article]
      Until I can go down to my local filling station and fill up with natgas I think you just buy it in the fall and sell at the first sign of spring and be happy. Leaks and hurricane damage are for speculators. Jul 21 10:42 PM
    • Is Natural Gas Down for the Count? [view article]
      Further analysis is required regarding NG as a transportation fuel. When Boone Pickens throws out the idea that NG is half the cost of gasoline, is he talking about BTUs or gas mileage equivalent? How does it compare in the tank? What would be the cost of modifications to existing vehicles? Don't forget the $2000 to $3000 to have a PHIL installed in your garage until gas stations sell compressed NG. The price at the pump and mileage are the key. And when we make all these changes someone should calculate when peak natural gas will arrive and what the ROI will be. If it lets me drive my big block Chevy sign me up! Jul 21 11:46 AM
    • Is Natural Gas Down for the Count? [view article]
      If you study the timing of the leak in the Independence Hub you should see that the price of Natgas was heading lower into the shoulder season. The leaks removal of 1 billion cubic feet per day caused the spike which lasted until the Hub was fixed and reached full production. At the same time that the Hub was cranking up, 200 million cubic feet per day of new production came on line from Thunderhorse. Natgas is domestic and plentiful so it should be decoupled from the price of crude. The only thing that could cause a spike before winter is a hurricane that actually damages infrastructure in the Gulf or I suppose scorching temperatures in the north for an extended period of time. Jul 21 07:26 AM
    • The Great Oil Deception: Part Two [view article]
      The price of oil, drill rigs, steel, corn and just about anything that you buy in the grocery store has gone up. The real culprit. Printing of money by the Fed. Not speculation. Inflation. Do the math. Calculate how much these same items have increased in Euro, Yen, Swiss Franc, gold and I am sure it will be less. These are just symptoms of inflation not causes. Jun 15 07:58 AM
    • News That Moved Tuesday's Market [view article]
      For every 1 barrel of demand destruction in the USA the rest of the world increases by 14 barrels. How many parked SUVs would it take to really lower world demand? I still see SUVs on the road driving just as crazy as ever. May 27 05:26 PM
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