News Focus
News Focus
icon url

xe2dy

10/01/05 3:47 AM

#11841 RE: FinancialAdvisor #11840

Canadian consumer confidence is dropping...

http://680news.com/business.html

Listen to the 2nd audio. Global meltdown ?
icon url

QuickTrade

10/01/05 2:43 PM

#11847 RE: FinancialAdvisor #11840

F.A GREAT CALL ON OIL PRICE! Here's my theory: We're years away from $50 a barrel BUT the only reason it will come back to that price is when one of these 2 things happen.

We find more oil to distribute.
Demand for alternative energy sky rockets.

That is why that sector is undervalued in my opinion.
icon url

flota

10/01/05 4:53 PM

#11848 RE: FinancialAdvisor #11840

archaic energy? Oil is one the best resources ever used on this planet and the most efficient if you take into consideration economies of scale. Thats a very ignorant statement. So tell me FA, how do you create asphalt, plastic, paints, rubber, etc, without oil you would still be working on a field picking wheat.

Alternative fuels are still a joke and very early in their stages it will take around 10 years or more and probably the Japanese will be the once that will embrace it the most since they have very little natural resources.

So gold is not archaic? LMAO. So if you are going back to Gold standard might as well go back to middle ages, going back to Gold stadard would have catastrophic consquences on the economy. Gold is a finite resource. There is simply not enough Gold to support the purchase of all the goods that are produced. Now this would work in pre industrial societies since there is not much produced but it will never work in a society that is producing massive quantities of goods and services.
icon url

FinancialAdvisor

10/04/05 12:07 PM

#11942 RE: FinancialAdvisor #11840

***Oil futures at a support level here***

November contract... next area of strong support is $58...