InvestorsHub Logo
Followers 36
Posts 1777
Boards Moderated 0
Alias Born 12/30/2004

Re: None

Saturday, 10/11/2008 8:40:12 PM

Saturday, October 11, 2008 8:40:12 PM

Post# of 17739
I just turned my furnace on, official start to ngas draw down in Colorado. Spitting snow and 30's tonight. I also fired up the pellet stove in the basement.

I am sitting on my hands a while longer, watching the Canadian Dollar and the USD index. I see a chance for the USD to get rammed up to $.88 before it runs out of steam. The peak of the USD should be the time to buy many Canadian resource stocks at pre "bubble" prices.

I don't think we are at a low in the general markets yet and any rally will result in a re-test of last week's low. A failure there is one sick puppy, down to 7500 DOW.

I like POE more and more every day and will start buying this week. I still see TXCO as a buy back at some point. So many others to pick from but still lots of de-leveraging and forced selling risk. I am sure more situations like the CEO of CHK and his 35 million share wipe out are brewing over this weekend. The yen carry unwind is going to blow up a bunch more hedgefunds. 40:1 leverage and a 25% move up in the YEN will have them jumping out of windows!

If there is a downturn in the dollar, resulting in a stronger Canadian dollar, any whif of inflation and a cold winter should send oil and ngas a lot higher. We could be looking at huge gains by mid-winter.................................if the world doesn't end before then.

Good luck to all of you. I have been focusing on my work and plan to go to China within 30 days to visit a zinc, lead, indium recovery plant. www.sino-indium.com (click the "English" tab)

Kipp

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.