My oil stocks have doubled and tripled in the past five years. Plus all the dividends....
How does this compare to gold?
Agreed, Oil before gold.
:). Now we're talking. Cept I'm taking out on one pocket to put in the other. Does my appreciation in oil stocks offset my pain at the pump and wage hurt from being near the airlines bidness? Not sure about that.
Contrary to the stock market setting up for a crash in the next few months, I think gold is probably setting up for a fairly large correction back towards $425. The Fed's interest rate increases should slow the economy by early 2006 and limit general inflation to 1%, and then when all the oil refineries are back online the price of gasoline and diesel will probably fall back to early 2005 levels by March 2006. This should set off a big bond market and stock market rally, which will probably start around late November of this year as traders begin to anticipate this counter-inflationary scenario. Gold should start falling at the same time, late next month. I'm looking to get into a bunch of bond funds, REIT funds, and stocks in November, December, and early next year.
My advice is to never, ever put much weight on any predictions or advice from anyone selling gold. Their advice is usually way to pessimistic, while they hide behind legal disclaimers. I'd like to see Laura Ingraham stop hawking gold on her radio show. That's going to end up being an embarassment to her.