Oil stocks and metals are down buy or not ?
 

Oil stocks and metals are down today is it a good opportunity to buy ? opinions please.

Bet on Black, errr, no Red, yeah . . . but whatever you do, don't get into Chinese forestry investments like John Paulson.

Paulson Dumps Investment

Paulson, who made a fortune on a short bet against subprime mortgages, has been burned by the scandal. Sino-Forest has shed over $4 billion in market capitalization since the beginning of June.

"Due to the uncertainty over Sino-Forest's public disclosures and financial statements, we have sold our stock and await the results of the independent committee's investigation," a spokesman for Paulson & Co said in an e-mail on Monday.

Paulson's Advantage Plus fund, one of the $38 billion firm's largest, fell 13 percent in the first two weeks of June, partly due to the plunge in Sino-Forest's share price.

While it wasn't immediately clear how much Paulson lost on the sale, his 14.1-percent stake in Sino-Forest would have been worth $897.4 million at the end of March. The same stake would be worth just $94.8 million at Monday's closing price.


An $802M "bath" would be quite a soaking. :D

I've been buying some physical silver while it's down... the prices will start to fly back up around the time QE3 begins...
Don't try to play physical silver like a stock... you'll lose your shirt 9 times out of 10...

I get all my stock advice from random car forums. Never done me wrong.

There are 2 year Greek bonds with a 29% return.

Now THAT sounds like a lead into a bad joke!:D

Something along the lines of, "Your assets will be safe with us".

I wish SRJ were around. Skid, if you can read this, we miss you buddy.

Is he in the penalty box right now?

Mining stocks are probably a good way to go. I have a lot of Freeport MacMoran, which I bought for the dividends. If you looking for good long term investments, stuff like that should be a good way to go.

I know you're joking, but, sadly, advice on a car forum may be about as good as any you will get from a broker . . .

SRJ can only tout 1 stock advice, BRKA/BRKB, the stock he claims he has/had. There is no other rabbit in the hat. He is not here to defend himself, so be nice.:P

Buy the dips. You're better off buying now than you were last week.

You got to know when to hold 'em, know whet to fold 'em

Copper is up I think

Who needs a bloomberg terminal when you got this thread?

About 50 years ago the thought was that one ounce of Gold was equal to ten bbls of oil. That would put the price of Gold at $910 if this were still the case.

It could be headed there again. Old Q-Daffy in Libya is sitting $14 Billion worth of Gold that he might be selling off to support his attempts to stay in power. That will put even more downward pressure on Gold.