Re: Reply to Finster's thread: "Is It Peak Oil?"
DBarberic - I completely agree, oil has not made it's really big move up yet. Oil is looking increasingly cheap compared to the global situation, and that's regardless of paper trading or political tensions. Despite all the hullabaloo about a big price run-up in oil this past five years, it's really big extended move has not yet even occurred.
I posted the comment below on Rick Bishop's thread today, but it's partly a response here too. I see some very sophisticated people here are wondering where to invest, or even whether to be invested - it seems to me the inability of many people to accept the energy depletion theory as having immediate relevance, removes a critical signpost that would render many of their investment decisions today actually quite clear and easy.
Please pardon the slightly contentious tone of my remarks - it's only so because what to me seems patently obvious is a matter of mirth to a great number of people on these pages who feel no reason to doubt their (too hastily drawn) conclusions. They'll be re-examining these conclusions with alarm in just three or four more years.
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Ty Andros has posted a IV update on 'crackup boom' with specific focus on this summer's market.
http://www.safehaven.com/article-7855.htm
It is an informative article for those wishing to re-examine which specific sectors they may be invested in going forward ...
... It's beginning to dawn on me that possibly a majority of readers of these pages are too sophisticated to place much faith in a five year bet on Gold today with more than token amounts of their investable assets. They'll be looking fearfully at historic analyses of deflationary periods which deflated gold's purchasing power in past eras and not recognizing the remoteness of that possibility due to what the really big story is going forward - energy depletion. Of course, if you don't buy energy depletion and think it's a crock of loopy nonsense, a major signpost for where to invest securely for the ten year time horizon is then removed. Tough on you.
At a certain point, too much sophistication on this topic may lose us in a "hall of mirrors" speculation on this asset class. When gold and silver jump from today's oversold levels, they will not provide us with the luxury of picking an entry point or lowest-risk price. Smart money stealthily buys these when everyone is concluding they look really ugly on their price-action.
As I've suggested elsewhere (to considerable jeers): Oil is dirt cheap compared to the fundamentals developing in the energy markets - but this simple notion is regarded here as preposterous by way too many. Consequent to oil's threat to further jack up the cost of all goods by orders of magnitude in the next half dozen years, gold and silver are coiled springs and look dirt cheap too. The last thing I'd buy is any proxy for the S&P, although that is likely to get pushed up too if you go by Mr. Andros' comments.
Now I can relax and enjoy watching all the rotten vegetables thrown at this idea by those deriding the 'peaksters'. When you have your investing signposts clearly mapped out according to these quite evident developments, you can find some safe berths in investments for the long haul and forget about trading a darn thing. >>>
DBarberic - I completely agree, oil has not made it's really big move up yet. Oil is looking increasingly cheap compared to the global situation, and that's regardless of paper trading or political tensions. Despite all the hullabaloo about a big price run-up in oil this past five years, it's really big extended move has not yet even occurred.
I posted the comment below on Rick Bishop's thread today, but it's partly a response here too. I see some very sophisticated people here are wondering where to invest, or even whether to be invested - it seems to me the inability of many people to accept the energy depletion theory as having immediate relevance, removes a critical signpost that would render many of their investment decisions today actually quite clear and easy.
Please pardon the slightly contentious tone of my remarks - it's only so because what to me seems patently obvious is a matter of mirth to a great number of people on these pages who feel no reason to doubt their (too hastily drawn) conclusions. They'll be re-examining these conclusions with alarm in just three or four more years.
____________________
<<<
Ty Andros has posted a IV update on 'crackup boom' with specific focus on this summer's market.
http://www.safehaven.com/article-7855.htm
It is an informative article for those wishing to re-examine which specific sectors they may be invested in going forward ...
... It's beginning to dawn on me that possibly a majority of readers of these pages are too sophisticated to place much faith in a five year bet on Gold today with more than token amounts of their investable assets. They'll be looking fearfully at historic analyses of deflationary periods which deflated gold's purchasing power in past eras and not recognizing the remoteness of that possibility due to what the really big story is going forward - energy depletion. Of course, if you don't buy energy depletion and think it's a crock of loopy nonsense, a major signpost for where to invest securely for the ten year time horizon is then removed. Tough on you.
At a certain point, too much sophistication on this topic may lose us in a "hall of mirrors" speculation on this asset class. When gold and silver jump from today's oversold levels, they will not provide us with the luxury of picking an entry point or lowest-risk price. Smart money stealthily buys these when everyone is concluding they look really ugly on their price-action.
As I've suggested elsewhere (to considerable jeers): Oil is dirt cheap compared to the fundamentals developing in the energy markets - but this simple notion is regarded here as preposterous by way too many. Consequent to oil's threat to further jack up the cost of all goods by orders of magnitude in the next half dozen years, gold and silver are coiled springs and look dirt cheap too. The last thing I'd buy is any proxy for the S&P, although that is likely to get pushed up too if you go by Mr. Andros' comments.
Now I can relax and enjoy watching all the rotten vegetables thrown at this idea by those deriding the 'peaksters'. When you have your investing signposts clearly mapped out according to these quite evident developments, you can find some safe berths in investments for the long haul and forget about trading a darn thing. >>>
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