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- Nov 4, 2002
Yeah. I want the money I lost in FAS plus interest.
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did you pay fees for selling and buying?Originally Posted by keiththekid1
Buy and hold on anything oil related.
Long on Dell (earnings coming out on thursday)
Gold is the #1 talk of the financial world right now, i bought in back around 865 and sold on friday when it hit 1,000. I am very confused, undecided, torn on the gold issue at the moment. The reason being, how the F is it hovering around 1,000 right now with all the economic messes that are going on in the world right now? Is gold not a hedge against economic uncertainity/turmoil?? And this week so far the miner stocks are down, down a substantial amount, some even 15%. How is this possible when gold is in high demand at nearly 1,000 an ounce, the main cost to miners is the power from oil needed to do the physical mining which is at nearly 52 week lows. From my research it costs your average miner $400 per ounce from the ground to the buyer in total costs, how are these stocks down?
But yes i am bullish on gold for 09. I am just waiting for the right time to buy in.
I concurOriginally Posted by keiththekid1
Buy and hold on anything oil related.
Originally Posted by illmatickal
I concurOriginally Posted by keiththekid1
Buy and hold on anything oil related.
@*$! Oil.Originally Posted by illmatickal
I concurOriginally Posted by keiththekid1
Buy and hold on anything oil related.
The supply of oil right now, measured by actual drilling is very low. The price is indeed down, which as you know from economics 101 drives demandup. Historically the cheaper the oil, the more oil begins to get used, then price of course follows and goes up. This is more of a long term play. do i expectto see oil at 140 like we previous did? no way. In my opinion that was a false price driven up by hedge funds, then a large sell off by the hedge funds made itcrash swiftly. I could be wrong...we will see.Originally Posted by reigndrop
Buy and hold on anything oil related.
Haha you can't be serious, falling demand, plus contango has hardly narrowed.
Long on Dell (earnings coming out on thursday)
What do you have insider information or anything? (not doubting you)
Gold is the #1 talk of the financial world right now, i bought in back around 865 and sold on friday when it hit 1,000. I am very confused, undecided, torn on the gold issue at the moment. The reason being, how the F is it hovering around 1,000 right now with all the economic messes that are going on in the world right now? Is gold not a hedge against economic uncertainity/turmoil?? And this week so far the miner stocks are down, down a substantial amount, some even 15%. How is this possible when gold is in high demand at nearly 1,000 an ounce, the main cost to miners is the power from oil needed to do the physical mining which is at nearly 52 week lows. From my research it costs your average miner $400 per ounce from the ground to the buyer in total costs, how are these stocks down?
No way!! It's fundamentals are there, and ready to shoot up even higher. Last I checked, many of the gold mining companies are diversified, in that they mine OTHER metals, and those OTHER metals are facing demand destruction right now, so it does make sense that they are trading lower.
The supply of oil right now, measured by actual drilling is very low. The price is indeed down, which as you know from economics 101 drives demandup. Historically the cheaper the oil, the more oil begins to get used, then price of course follows and goes up. This is more of a long term play. do i expectto see oil at 140 like we previous did? no way. In my opinion that was a false price driven up by hedge funds, then a large sell off by the hedge funds made itcrash swiftly. I could be wrong...we will see.Originally Posted by reigndrop
Buy and hold on anything oil related.
Haha you can't be serious, falling demand, plus contango has hardly narrowed.
Long on Dell (earnings coming out on thursday)
What do you have insider information or anything? (not doubting you)
Gold is the #1 talk of the financial world right now, i bought in back around 865 and sold on friday when it hit 1,000. I am very confused, undecided, torn on the gold issue at the moment. The reason being, how the F is it hovering around 1,000 right now with all the economic messes that are going on in the world right now? Is gold not a hedge against economic uncertainity/turmoil?? And this week so far the miner stocks are down, down a substantial amount, some even 15%. How is this possible when gold is in high demand at nearly 1,000 an ounce, the main cost to miners is the power from oil needed to do the physical mining which is at nearly 52 week lows. From my research it costs your average miner $400 per ounce from the ground to the buyer in total costs, how are these stocks down?
No way!! It's fundamentals are there, and ready to shoot up even higher. Last I checked, many of the gold mining companies are diversified, in that they mine OTHER metals, and those OTHER metals are facing demand destruction right now, so it does make sense that they are trading lower.
im in USO and VLO right nowOriginally Posted by iEternalv
Originally Posted by illmatickal
I concurOriginally Posted by keiththekid1
Buy and hold on anything oil related.
what are you guys buying up? USO? DO? XOM?
current price seems too expensive for HMY and it just doesn't seem like a good pick. You could probably find better bargains out there. IMOOriginally Posted by GasBreakFlip707
I'm buying into HMY now, hoping for the best.