Bob, yeah right, right, right… I forgot we had this conversation about Pan American Silver already. I bought the darn thing about a week before Gates loaded up for the second time, but I guess we knew this already. :) I’ve also been watching Corner Bay Silver; it finished up today by 2-1/2%, which is incredible considering the carnage in the PM sector today. The new shine on silver is, unfortunately, military.
You made the ol’ “US should have taken out Saddam” comment in one of your earlier postings. Well… (As Reagan use to say) I seen an interview (Charlie Rose program) about 7 or 8 years ago with Bush Sr. and he was saying he regretted not taking Saddam out. The problem being is that Hussein as well as Kadafi and Bin Laden are great at hiding out. Next to impossible to find unless you resort to gorilla tactics. Essentially going from door to door fighting what was left of the Red Brigade, endangering American solders without ever being able to find him in the first place.
End Game? Like every other private citizen I’m trying to speculate on the so-called endgame, right or wrong we’re all entitled to an opinion, right? The end game I’m seeing is two-fold. One, the fundamentalist want to destabilize the middle east, two, they hate Americans. For what purpose? It’s all a power play to remove the Saudi from the Saudi-Arabia, Bin-Laden is the next head of state for that country and eventually all of the Middle East.
-- Ultimately having control over the U.S. energy supply.
That's why I went head first, counter cyclically, back into heavy oil stocks. I'm real bullish on Canadian integrated like Husky, Petro-Canada and Suncor. Who knows I may get my clock cleaned, but this terrorist situation shouldn’t be underestimated.
Best,
Frank P.
AI
