Time is running out. Keep accumulating. Black Blade is a high priced geologist who has brought many a well in.
Black Blade (8/10/06; 19:21:42MT - usagold.com msg#: 146550)
Re: Mr. Goldfinger, all
I seriously doubt it. He calls Usama and Islamic terrorists "Islamic Facists" and yet hold hands with the King of Saudi and kisses him on the cheek. LMAO
- Black Blade
A side note, some floor chatter is that Morgan Stanley among a few other investment houses and banks went heavy into long positions on precious metals and petroleum thereby dropping these defensive stocks like lead balloons on news that normally would kick off strong rallies. Note that ConocoPhillips (NYSE:COP) on Thursday declared "force majeure" on Alaska oil shipments, while BP just announced on CNBC that they shutting down the entire Prudhoe Field after an initial inspection. Got that! "initial inspection"!!! Then XOM and Shell are rumored to announce that they too will declare "force majeure" on all west coast markets.
Northern California refineries are scared and are certain to face lawsuits from state government and "citizen groups" (aka "ambulance chasing lawyers") as they can only process intermediate grade oil (similar to what they did to the NatGas companies in 2003). The only other sources of intermediate or better oil are in Africa and North Sea. That means fleets of small Panamax tankers will be running wild to scrounge any and all intermediate and light sweet crude oil. The Panama Canal is backlogged 3-4 days on both ends. This is gonna be a whole lotta fun. the smart investor will take advantage and of course physical gold went on sale this morning thanks to some "interesting" morons in high-rise Wall Street offices. Might as well take advantage and grab some while on sale.
Gabriel: Misdirection. What the eyes see and the ears hear, the mind believes
