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  #1  
Old 06-23-2011, 01:44 PM
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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.

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Old 06-23-2011, 01:50 PM
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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.
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Old 06-23-2011, 02:39 PM
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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...
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Old 06-23-2011, 03:09 PM
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I get all my stock advice from random car forums. Never done me wrong.
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Old 06-23-2011, 03:15 PM
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There are 2 year Greek bonds with a 29% return.
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Old 06-23-2011, 03:30 PM
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There are 2 year Greek bonds with a 29% return.

Now THAT sounds like a lead into a bad joke!

Something along the lines of, "Your assets will be safe with us".
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Old 06-23-2011, 03:38 PM
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I wish SRJ were around. Skid, if you can read this, we miss you buddy.

Is he in the penalty box right now?
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Old 06-23-2011, 03:45 PM
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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.
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Old 06-23-2011, 03:46 PM
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I get all my stock advice from random car forums. Never done me wrong.
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 . . .
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Old 06-23-2011, 03:50 PM
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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.
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Old 06-23-2011, 04:05 PM
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Buy the dips. You're better off buying now than you were last week.
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Old 06-23-2011, 04:24 PM
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You got to know when to hold 'em, know whet to fold 'em
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Old 06-23-2011, 06:18 PM
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Copper is up I think
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Old 06-23-2011, 06:24 PM
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Who needs a bloomberg terminal when you got this thread?
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Old 06-23-2011, 07:22 PM
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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.

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