WC Whiner

Not Yet Enough Focus on Commodities For a True Bubble To Have Formed

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'Net stocks might be more easily replaced than gold or oil; all it takes is more VCs and some IPOs. That said, both gold and oil can be substituted, too -- the former if not with diamons or platinum then with less gold (who needs an ounce of gold? they want an x% exposure), the latter with any other energy source.

While I have a lot of sympathy for your basic arguments, I just don't see where you make the case that distinguishes 2006 from 1981.

FD: I am underweight the energy complex and sold my last gold miner some months back