Thread: Pick The Dow
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Old 08-07-2006, 08:22 AM
bazanster2 bazanster2 is offline
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Join Date: Jul 2001
Posts: 5,585
Default Pick The Dow

BG,

Friday's finish was disappointing after a good start.
British Petroleum shuts down US largest oil field in Alaska.
Nikkei off 2%.
Going with DOWN on Monday.

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HedgeKing


Silver has been on a good run, recently hitting 14.97 on the COMEX.
Given the balance sheet for the US, silver will probably do well over the coming decade.
Also there's the increasing demand from developing nations like China.
New technologies may very well increase demand.
Silver has been spiking and it may be a good time for a speculator to take a saddle here.
Continued high oil prices and increasing interest rates would eventually slow the economy.
A sell off in the Metal Complex would most likely occur.
Would short if Silver falls below $12.

gl everyone,

baz
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