| To: ForYourEyesOnly who wrote (371) | 10/7/1999 8:12:00 PM | | From: POLARBEAR | | | |
Hi THC,
Genki desu ka? Sugoi Kin daroo.
I've still got a good chunk of SSRI. Read a theory that some gold shorts were long silver and have been dumping their silver to stay afloat.
Aren't silver's long-term fundamentals still bullish?
Thanks.
PB |
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| To: POLARBEAR who wrote (372) | 10/8/1999 6:29:00 AM | | From: ForYourEyesOnly | | | |
Howdy Polarbear! Okagesamade, genki ni shiteimasu. Okusama ni yorosiku otsutate kudasai.
Gold is on fire.......but I'm somewhat surprised at where my profits are coming from. My gold mining stocks are not doing much......while the wad of gold options I bought is up 3000%!!!!!!!!!
Thank the Good Lord I bought those options. Ahm going to hold those for a while, while the shorts try to get free of their positions.
I too think that silver is about ready to go......Bill Murphy agrees.......which is good, since he has been on fire!!!
Cheers!!!
THC |
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| To: ForYourEyesOnly who wrote (375) | 11/23/1999 4:34:00 PM | | From: Archie Meeties | | | |
Soaked up some SSRI a few hours after I heard the Iraq 'no more oil' fiasco. Thought the market would get anxious about inflation, or at least, that the market might speculate that somebody might get anxious about inflation.
But if this is the world series of silver, my guess is the mowers are still trimming the hedges, the umpires are re-reading the rulebook, and the players are sipping cool ones with the opposing team.
Hopefully nothing much will come of the Iraq oil stuff - it hasn't in the past. I'm sure the common man will suffer if Hussein tries to manipulate oil, both in his country and in ours.
Besides, I doubt he would be successful for more than a couple of months. Saudi Arabia, Kuwait, and the UAE could turn the tap on and make up for Iraqs current production without breaking a sweat, and who would stop them?
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| To: Archie Meeties who wrote (376) | 11/24/1999 2:45:00 AM | | From: ForYourEyesOnly | | | |
"Besides, I doubt he would be successful for more than a couple of months. Saudi Arabia, Kuwait, and the UAE could turn the tap on and make up for Iraqs current production without breaking a sweat, and who would stop them?"
Why would they intentionally reduce the price of their own product?
It seems possible that Saudi Arabia and their friends have only kept oil so long in order to buy protection from the US.......but I could be wrong.
Cheers,
THC |
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| To: ForYourEyesOnly who wrote (377) | 11/24/1999 12:42:00 PM | | From: Gerald Walls | | | |
Why would they intentionally reduce the price of their own product?
It's amazing to me that the whole-scale cheating hasn't started already. Eventually one of the OPECers will try to sell oil behind the others' backs because they know that one of the others eventually will anyway and they'll figure that they ought to try to profit first. That's what caused the collapse of oil prices and the disappearance of the "energy crisis", not any actions on our part, and that's what will happen again. |
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| To: Gerald Walls who wrote (378) | 11/25/1999 1:49:00 AM | | From: ForYourEyesOnly | | | |
"they'll figure that they ought to try to profit first. "
Except for the fact that once the oil is gone, those countries will return to desert unless they have accumulated a large amount of wealth or built other industries......
Long term thinkers will want to sell at a higher price.
Perhaps they will work together to raise prices?
THC |
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