Quote Originally Posted by kathaksung
Goldman Sachs knew Gulf oil leak in advance.
Yea right. Can you say bullshit? And Nancy, I was the one that gave you that crap. :thumbsup:

I will tell you this. Anybody with half a brain was shorting BP the second they saw that platform on fire.

IB is actualy right (first time in recent history) about holding 10% physical gold. You never know when you must bribe the border guards. Everything past that point was your usual tripe. People that brag about how much money they have, seldom have any.

Steve like usual is the smartest of the bunch. Fuel prices are crushing everyone. But oil is a fungible commidity. The days of cheap energy are over.
Thats just a fact. Short of the govt siezing BP and selling America fuel at cost it ain't going to happen.

Clean energy is the wave of the future. Follow the money. The govt and the private sector are spending huge amounts of money on lowering electricity production costs. They will find that silver bullet. Then the game will change.
Money will be made.

The past 20 years have been off the backs of the baby boom. Allowing our manufacturing base to offshore was stupid. Removing govt checks on banks was suicidal. It took a long time to drive us into this ditch. When we emerge,and we will emerge, from this mess, the landscape will have changed.

Now to gold. Simple. Price of gold had disconnected from traditional pegs. Gold price is motivated by fear. If we fall into a double dip, and I think we will, gold would continue to rise. Would I buy here? No. Limited upside. Sell?
Not yet.