My friend, my true purpose in the stock market is to make money. I move money from one sector to another and one stock to another to maximize return of my investment. Last fall, I completely sold off my energy stocks and warned the folks on the VM board about the coming collapse of ngas price. A few months later, ngas went down to 4 dollars. I almost completely sold off my zinc holdings last winter while arguing with Len about the zinc future. A few months later zinc collapsed to below 1.4. I was very lucky to put most of my metal bets on nickel and moly in the same time and I was doing extremely well.
Well, I am still holding a lot of metals right now and I feel good about metal in the long run, but I just feel energy may be the better play at this moment. I was very glad that BW thought about exactly the same when I discussed with him. Bob always has a great instinct about the commodities directions.
BTW, energy stocks usually do better than metals in the summer, historically.
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