Ivan the Credible's Comments Stream Stats
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Oil Strategies with MacroShares Up and Down ETFs
Gold Index Rallies for 65% Gain
It didn't "crater" as much as other commodities. Or the US stock market. Or foreign stock markets. Or the US housing market. Or ...
Being Wrong for Five Years Makes Peter Schiff Right Now?
Absolutely not. Schiff's strategy is one of buying and holding dividend yielding foreign stocks, mostly in the natural resource sector (I have an account with his company). To make money in the recent stock market bubble you had to be a trader, ie. buy low and get the heck out at the top. Schiff isn't right about everything, but he is a refreshing dose of reality in a world of talking heads on TV telling you to buy-buy-buy at dow 14000 and that your house is going to make you rich, goldilocks economy, etc. Schiff has been saying for years that the US economy is seriously unbalanced and there is going to have to be a period of painful readjustment. Now the stuff is hitting the fan you have to give him credit.
Cramer: Dow Could Drop Another 14%, Oil's Going to $50
Law of Supply & Demand Is Dead for Gold & Silver
You might want to check out the guys at financialsense.com, and listen to their show; they talk about this.
Interview: Kevin Kerr On the Commodities Pull Back
Really Getting Into Coal
"Like their Gold Miners ETF ..."
You might want to clarify that GLD is the gold bullion ETF, whereas the GDX is the gold miners ETF.
Why $140/Barrel Crude is Unsustainable
I'm sorry, I don't see much evidence in the article. World oil production has been flat for three years now, and many oil producing regions are in serious decline. New oil production if firstly going to have to make up for this decline. Even though demand might be dropping in developed nations, countries like China and India continue to have their economies grow at double digit rates, and some of their cities are registering a thousand new cars every day. Yes, it's supply and demand, but the supply is severely constrained, with no good alternatives, while demand continues to skyrocket. There may well be a short term correction in the price of oil, but the long term trend is in one direction, and it is the opposite of what the article claims. Do a search on Peak Oil.
1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?
news.bbc.co.uk/2/hi/bu...
Quote:
"It's a great global debate. What has driven oil prices to their current dizzy heights?
According to the oil producers' cartel Opec, the blame lies with speculators in the international markets. But Tony Hayward, chief executive of BP, describes that view as "a myth".
He argues that the main cause is the tight balance between global supply and demand. "
1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?
High Steel Prices: A Preview of Peak Oil
What’s Driving Oil Higher? It’s the Dollar, Stupid!
You should listen to Peter Schiff. He is on CNBC and Fox a lot and makes exactly the same point about the debasement of the dollar, though admittedly he is often in a minority of one and is bashed by almost everyone else.
Who's Really to Blame for Rising Oil?
I'm not sure that this is true. If supply did increase relative to demand the price would come down. The problem is that supply is not keeping pace with demand globally.