| Re: Is anyone buying gold, silver?
I've a few uraniums as well.. They've taken a hit in the past few days along with everything else. However, I think the fundamentals for uranium are far better than they are for gold. Gold is in bubble prices. It's down today, but it'll get back toi $725 and $750 easily. Corrections in gold don't last!
There's gobs and gobs of oil left. Some of that is Canadian oil sands in the province of Alberta. That costs more to extract and if oil prices fall sharply, the economic feasibility of using that oil sand falls as well. I guess what I'm trying to say is that oil can't fall too much.
Osnabrueck, I think most Americans think there is price goughing in oil, but no one seems to want to do anything about it. Do you want some sort of windfall tax? Europe had high petrol prices throughout the 1990s and they switched to smaller engine cars, smaller cars, diesels. You don't see 5.0L Peugeots and Biturbo 280-hp Renaults in Europe any longer. |