Zeev's Turnips Patch-No Politics (ZEEV)

[Frank Pembleton]

yeah... about Kyoto, the Canadian government hasn't ratified it yet -- and if they intend on remaining in power I can't imagine they would sign something that would eliminate a quarter million jobs and about $20 billion in foreign investment.

I think the play here is to rotate out of natural gas levered stocks going into February and back into heavy crude, specifically stocks like Suncor and Petro-Canada. I'd like to see them cheaper and the fear of Kyoto might do it...but crude storage is still at an 10-year low-- now add in some renewed Iraq tensions this winter and we might have a nice swing trade.

Hard to be in everything at once... but since the supply/demand situation for gold is hardly a concern (unless you believe the conspiracies) my money is pointed towards the 'patch.