redbaron

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  • Q2 2008 Portfolio Moves: David Winters, T. Boone Pickens, Jim Puplava
    I follow T. Boone's picks religously, and own many of his picks, including the ones mentioned above. He is the only one I see who makes any sense at all on the subject of the energy crisis we are headed toward. Most of the others, including the Wall Street crowd, just don't get it yet. They will eventually, and that is when it will be time to sell.
    Aug 22 10:26 am |Rating: 0 0 |Link to Comment |View article
  • Gold and the Demise of the American Dream
    What Fitzman said, and he said it very well!
    Aug 06 08:58 am |Rating: 0 0 |Link to Comment |View article
  • Stagflation and Peak Oil: How Related Are They? (Part II)
    Larry, good article......I agree.
    Jul 27 11:17 am |Rating: 0 0 |Link to Comment |View article
  • Time to Buy and Hold Gold
    Mike, didn't realize you were in Colorado recently. We also were there on our annual excursion, and covered some of the same country, although we focused on the area more to the SW.
    Jul 27 10:17 am |Rating: 0 0 |Link to Comment |View article
  • Time to Buy and Hold Gold
    The dollar is up, but only in the very, very short term. If one looks out beyond the last few months, say perhaps the last 8 years, the dollar is certainly not up. I am buying and holding gold, and also other hard assets.
    Jul 27 10:15 am |Rating: 0 0 |Link to Comment |View article
  • Oil Replaces Gold as the New Inflation Hedge
    If, as you say above,

    'Countries buy and sell goods. Their currency is valued by how much of a surplus they have (sell more than they buy). If a country has a trade surplus, the value of their money goes up and if the opposite happens, the value of their currency goes down.',

    ...then why will the dollar turn around and go up. Our Gov't still has a negative balance of trade, and also a spending deficeit (sp?), so why would one expect the dollar to go up? We need to fix the twin deficiets, and then one could look for an increase in the dollar. We are trying to talk our way out of this problem, by saying we are for a strong dollar, when our actions say the opposite. Of course, our huge need for oil from foriegn sources is most of the problem, but I don't see how that is going to change any time soon. If it isn't coming from Mexico or the Saudi's, it will be coming from Canada, Brazil, or some other foreign source.

    If you agree with that statement, then why would one expect the dollar to strengthen any time soon?

    And that of course is what is driving the price of oil, and what makes it great hedge against the weak dollar.

    Only when we start making progres on the twin defiecits, can we expect a more permanent strengthening of the dollar.......as I see it.
    Jun 12 10:04 am |Rating: 0 0 |Link to Comment |View article
  • In Light of Peak Oil, Financial Diversification Is a Bad Idea
    'Are You Diversified?' is a fools game, in this current investment enviornment, as Fitz correctly points out (IMHO). I have laughed at Cramer each night, as he plays this little game, and can say without reservation that those who have followed his diversification game, have not done nearly as well for the past 3 years, as my non-diversified grouping of energy stocks and funds. The question now, however, is 'what happens next'........and the answer to that is not nearly so clear. If the last energy crisis is any guide, energy stocks continued to go up, after everything else turned down, with oil stocks up 60%+ in 1980 alone. Kurt Wulff (superb Oil Analyst, IMHO, mcdep.com), sees some similarities between our current situation and 1980 (election year, energy shortage recognized, high energy prices affecting the economy, etc.), and is still very bullish on oil and energy stocks. I follow Kurt closely, and continue to follow his advice. I recommend him highly. He posts here from time to time, but his advice is free on a time delayed basis at mcdep.com.
    May 30 10:04 am |Rating: 0 0 |Link to Comment |View article
  • Overbought Oil Doesn't Mean Excessive Commodity Speculation
    Good article, IMHO. While not a technician, I also have been watching for signs of the excessive speculation and energy stocks being overbought, as some are 'reporting'. Oil itself may be somewhat overbought, currently, but when one looks at energy stocks, the chart increase seems very gradual, with rational pull-backs from time to time. IMHO, this is not a run-away-bull market.........at least, not yet. If anything, energy stocks are still behind the underlying commodity of oil and natural gas, and need to do some catching up. But then, that is how I see the market, and I am long energy stocks.
    May 27 18:32 pm |Rating: 0 0 |Link to Comment |View article

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