junkyarddog

A Crude 10 Year Perspective: The DJIA, Oil and Gold

This article is awesome!! I just have one suggestion: since 1999 the dollar has lost at least 30% of its value; just compare it to the Euro if one wants to make it really simple. Then add inflation on top of it and the adjusted price of oil in 1999 would not present as large of a gap (hey: I know it's still large! :-)).

The author's main point still stands, I'm just making this suggestion to make the comparison more realistic.

One last point: oil can still be refined from tar sands and coal. Sweet crude is the only economical option for now, but there are plenty of more expensive "non-sweet" reserves. Again, I'm not trying to say we're not in an energy crisis, all I'm saying we still have time to fix this.

Best wishes,

Roger

Where Are Precious Metals Heading?

Gross Profits: Maybe just as good as your "useless" comment.

The gold bugs see the commodity go over $1,500 in one year and anyone who dares a contrarian position is the subject of their wrath. Jim Sinclair (JSMineset.com) will even bet $1 million dollars with you, just in case you haven't heard their bullish predictions loud enough.

I own gold stocks myself as a hedge, but I can understand the article's argument that 2/3 of gold commodity demand is down 55% and that "may" put downward pressure on the price (sorry gold freaks, just a different view. Wrong, perhaps, but just a view).

Good article.