RE:RE:RE:RE:I agree with Danny and Brain RockLobster1 wrote: braincloud wrote: Batex has lots of debt. It will have a rip if oil goes higher. Probably one of the highest beta names out there. If oil goes lower Batex could be trouble. I favour CNE and GTE.
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PS not sure about this new play Snake Oil Corp...
I haven't heard about Snake Oil Corp. but I already own some shares in Snake TurmOil Corp. LOL.Very hectic and unpredictable but lots of fun. No offence, Snake, seems like you are a nice guy. Unlike some other guys here you never insulted other posters. Very decent trait. I wish you luck and same goes to other guys here, who lost and who won. In terms of where to put the outcome money I personally am watching gold miners. Oil doesn't seem to be moving soon, may be in a 6 months term.You never know, but that's what the "experts/analysts" say. Gold has bigger chances to move up. If on September 21 the Fed will raise the interest rate, the price of gold most likely will retreat. But in October the Yuan is going to become a reserve currency which will undermine $US monopoly in commodities' price setting. Many gold miners went through the roof this year already and it's too late to chase them. But there are some names, which like BNK were and are depressed for very particular reasons. Not dogs. I'm watching them . Good luck, guys. It was a tough ride.