Mohacsy's Safe Portfolio Member Forum

[santafe2]

Thanks Court, I'll try to get out and get this one today. As for China's import needs driving up the price, I don't think that's in the cards for a few years. As Iraq comes on-line and Russia supplies more oil, there will be plenty of supply, it just won't be cheap for us.

I'm much more concerned with the long term bond and note. They appear to be in a "bull" market with regards to rising interest rates. I've attached a quick chart that should need little explanation. Our rates bottomed in June, shot up over the summer and have been consolidating since then. A rise in the 10 year note above 4.5% will likely spell the beginning of the end.

http://stockcharts.com/def/servlet/SC.web?c=$TNX,uu[w,a]daoayyay[de][pd20,2][vc60][iUb14!La12,26,9]&...