"It’s the fundamentals, stupid."
That’s the reason commodities watcher Garry White gives for why the oil price could soon be on its way back up.
Garry’s been riding a rollercoaster this year. It was only last month that oil set a record high of $147 a barrel.
Do you remember? Oil bulls (of which Garry is one) were having a field day. Today $147, tomorrow, who knows! $200? $250?
It all looks so very, very different now, though, doesn’t it?
Oil has since fallen to below $112. It’s been like riding the Big One at Blackpool Pleasure Beach.
Now it’s the turn of the bears to make wild speculation.
"Where’s oil going next?" they’ve been crying. $100? $50?
Of course, no one can know for sure. You could try gazing into a crystal ball... but all you would see is your own perplexed face reflected back at you in the glass...
Nevertheless, Garry remains a long-term oil bull.
"Fundamentals," he tells me, "Are the reason oil has dipped. The economic slowdown has dampened the price. But fundamentals are also the reason it will go back up."
Find out why Garry believes you should get ready for the next oil price surge.
What Manraaj Singh has in common with Madonna
Garry White has noticed something interesting.
"You know those people who are known by only one name?" he said this morning.
"Like Madonna. Or Pele. Or Boris?"
"Yeah?"
"I think Manraaj is one of those. Put his name into Google..."
He’s right, as well. Do a search for ‘Manraaj’ and our man dominates the results.
Looks like our Profit Hunter editor is well on the way to celebrity status. Look out for next year when he’ll be releasing his very own scent...
How to avoid big losses
"When the ship starts to sink, don’t pray. Jump."
Wise words there from Max Gunther. Gunther wrote The Zurich Axioms, a book detailing the principles through which the Swiss became some of the world’s most affluent people.
"Getting stuck in a losing venture is the worst money pain there is," writes Gunther. "When the ship starts to sink, don't wait until it is half submerged."
Gunther’s solution? The trusty stop loss! If a share’s losing you money, set a level at which to close the position.
But where to set that level? It’s a problem Fleet Street Letter investment director Theo Casey has been grappling with.
Read on to find out more about how to protect your portfolio from heavy losses.
Until tomorrow
Ben Traynor
Editor Selected articles:
Theo Casey on how to protect your portfolio from heavy losses.
Garry White on why investors should get ready for the next oil price surge.
The Daily Reckoning — Preparing for the big hullabaloo
Today, we take a break. Yes, dear, dear reader...there will be no reckoning today. Nor for the rest of the week. Elizabeth needs help preparing for her big hullabaloo. We’re expecting about 150 people for a soiree on Thursday night, about which, more below...
Before we leave you, though...we have just a couple thoughts...
We’re sticking with our views and our investments — either until we’re proven wrong or we go broke, or both.
You can read the Daily Reckoning in full here.
P.S. If you enjoyed this article then we encourage you to sign up for the free Fleet Street Daily eletter. Learn what you can expect from today's markets -- and how to prosper in the face of uncertainty. You won't find more thought provoking writing anywhere on the Internet.
Bullish On Oil? Why The Oil Bulls Will Come Back To The Market
Fleet Street Daily: insightful, humorous and contrarian investment advice - get it FREE each day here…
SMART COMMODITIES UK
Smart Commodities shows you all the angles. Every day we deliver all the latest commodities news, profit opportunities and more.
Find out more about Smart Commodities UK »PROFIT HUNTER
Profit Hunter tracks down exciting opportunities in the worlds’ emerging markets. Always ahead of the curve and always in profit.
Find out more about Profit Hunter »
Your capital is at risk when you invest in shares – you can lose you some or all of your money, so never risk more than you can afford to lose. Figures may refer to the past or be forecasts. Past performance and forecasts are not reliable indicators of future results. The FSA does not regulate certain activities, including the buying and selling of commodities such as gold. If in doubt about the suitability or taxation implications of any investment, seek independent financial advice.
Investment themes:
Daily Reckoning | Energy | Small Cap | Gold | Commodities | Shares | Oil | Spread Betting | Economy | Emerging Markets
Investment services:
Fleet Street Letter
|
Profit Hunter
|
Red Hot Penny Shares
|
Smart Commodities UK
|
The Bulford Files
|
Zurich Club
Free E-letters:
Fleet Street Daily
|
Penny Sleuth
Copyright 2008 © Fleet Street Publications
Registered office 7th Floor, Sea Containers House, Upper Ground, London SE1 9JD. Registered in England with Co. No. 1937374. VAT No GB629 7287 94
Fleet Street Publications is authorised and regulated by the Financial Services Authority Reg No. 115234. www.fsa.gov.uk/register
Registered office 7th Floor, Sea Containers House, Upper Ground, London SE1 9JD. Registered in England with Co. No. 1937374. VAT No GB629 7287 94
Fleet Street Publications is authorised and regulated by the Financial Services Authority Reg No. 115234. www.fsa.gov.uk/register