Friday, February 23, 2007

Long-term Crude Calendar Spread

Crude futures market is shifting from backwardation to contango; the market is tightening. We are bullish crude. The strength in crude and abundant global liquidity have helped push gold and silver above long-term resistance levels. We are also bullish gold and silver.

Wednesday, February 07, 2007

BHP: next big private equity target?

BHP has strong assets (commodities!), and Jim Rogers is predicting a buy out.