Thursday, October 20, 2005

JIm Puplava From on OIL and GOLD

This is an excellent article...The quote from John Templeton is right on..

The piece describes the hot money that went into OIL and GOLD...ran up the prices to $70 a barrel crude and $480 an oz gold and then blew out of the positions when that scenario didn't materialize...Now these groups have pulled back significantly ...and the weak holders have sold off..

I agree with Jim..The next months will see a nice move from these temporarily hated stocks....

1 comment:

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