| 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 |
| | SSRIF Silver Standard Resources | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| 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?
|
| | SSRIF Silver Standard Resources | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| 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 |
| | SSRIF Silver Standard Resources | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| 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. |
| | SSRIF Silver Standard Resources | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (2) |
|
| 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 |
| | SSRIF Silver Standard Resources | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (2) |
|
| To: Claude Cormier who wrote (379) | 11/29/1999 12:13:00 AM | | From: Gerald Walls | | | |
Are you in SSRIF and BAY as well ?
Actually I'm out of both PAAS and SSRI (my two silver stocks) right now. Sold PAAS before the run up, dag nab it, and SSRI after it peaked and pulled back a bit. Can't complain about the SSRI return since I bought it at 7/8 and sold it at 1-7/16.
I'll probably buy back in. |
| | SSRIF Silver Standard Resources | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: ForYourEyesOnly who wrote (380) | 11/29/1999 12:33:00 AM | | From: Gerald Walls | | | |
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......
We've always been 10 years away from running out of oil. That's why we had the 55 MPH speed limit and still have the EPA mileage requirements. Don't believe it.
Long term thinkers will want to sell at a higher price.
Perhaps they will work together to raise prices?
They tried it in the 70's and oil's been in the single digits since then. Why will it be different this time?
Cartels don't work except over a short period of time. (The only exception I can think of is diamonds, and from what I understand the Soviet collapse almost released a horde of diamonds that would have brought that down.) It's a variation of the Prisoner's Dilemma. The biggest winner in a cartel is the one that cheats the most, especially if all the other members honor their limits. They all know this so they all cheat, while publicly denying it. |
| | SSRIF Silver Standard Resources | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| |
