SeekingTruth

Predicting Oil Prices Through Gold

Apparently, gold at $1000/oz appears cheap to a great many people.
It doesn't to me.
I am not concerned when gold itself has a run up, often times it is just making up for years of torpidity and lanquidity.
I greatly appreciate the industrial uses for gold, and the ornamental uses as well and yes , it does have an appeal for hedges against the risk of default of fiat currencies. But , thus far these factors have affected me directly only nominally, and thus, I do hold nominal amounts of gold thru the Permanent Portfolio fund, and other sources. I will make adjustments when I think they are appropriate.
Such is not the case with OIL, however, a most special commodity. Iit warms my body on cold days and nights, and takes me where I want to go, sheds light on my books, and powers my machinery and computer with great efficiency, and helps fill my stomach with food as every farmer will tell you.
Hence, I place a higher value on OIL, than I do Gold, although gold is certainly appreciated.
Seems to me , it's not a case of either/or, , but a carefully gauged weighting of the two, and there, each individual must devise his own criteria as best he can.

Ideas for Investing in Crude Oil

Here is an update on the toxic coal fly ash sludge spilled at the Kingston, Tenn. Steam Plant into the Emory River:
The updated number is 5.4 million cubic yards of toxic fly ash sludge containing barium, lead, arsenic, mercury, and other heavy metals. An additional 4 million cubic yards remain at the site. All in all, in liquid form, this translates into 1.9 BILLION GAllONS of total toxic waste, "so far".
Updates can be viewed at Knoxnews.com , article(s): "TVA Sludge Spill," etc.
Sorry that acknowledgment of this news offends some readers/ investors, but I am sure that other readers /investors appreciate the truth as it it is revealed to us. It is usually better to know what is happening , than not to know.

Ideas for Investing in Crude Oil

Very impressive Mr. Shaw, and comparing everything to WTIC is a nice touch and most useful.
Could you advise us of the depletion rate on BPT, and when will investors start fleeing this high dividend provider as a result?

The 1.1 million cubic yards of toxic coal fly ash sludge containing arsenic and heavy metals and maybe some radiation spilled into the Emory River and Watts Bar lake at the Kingston, TN Steam Plant may give coal investors pause for awhile , but I suspect it will pass as it always has in the past. What's a few million cubic yards of toxic waste spilled into your drinking water and farms here and there?
A great article and much appreciated.