Ramrod

An Interview with Cam Hui

The production distortions inherent in the oil complex (an effective pricing cartel on the one hand, and non-OPEC producers/consumers seriously encumbered by enviro-statist regulatory control over supply/demand that would otherwise be effectiely regulated by a free market on the other) make the true relationship between flat to declining OPEC production and the observation that "supply [is] constrained on oil production in some way" relatively obvious.

Occam's Razor should immediately make one skeptical the reason is a complex and contra-intuitive theory such as Peak Oil. Simpler explanations exist and are much more plausible.

Taking Advantage of the Dow-to-Gold Ratio (DIA, GLD)

Mike, I share your analysis on GLD and DIA and volatility.

I found a comparison chart with Dow Transports, the Dow Industrials, the S&P 500, GLD, and IYE also to be very informative...

I also keep asking myself why, if gold is such a great store of value, did gold not perform better when the Japanese economy deflated. The only answer I've been able to come up with is if you don't have any slaves to carry the crap around for you, gold makes a lousy currency.