alexays

In the case of the DJ-AIGCI — which JP Morgan estimates has $25bn in funds tracking it — the new weightings come into force during the roll period that begins January 9th Which is a Friday - time for a big Friday smackdown perhaps?

Anyone else waiting for the Friday smackdown to buy some more?

Not my tiddler though - Allied Gold + .5%. Gold near all time UK high price and Allied about 70% down from its highs. Its a bargain....

Horse Shit

28% Gold and Silver through spreadbet. 52% Oil. 5% precious metal shares. 20% short on specific shares - builders, airlines & retail. Some shares held through spredbet accounts. Rest in Cash ( HSBC, Tesco and Northern Rock (opened after nationalisation) ).

Check Imperial Energy now (IEC). Just about made up for my losses on Falcon (which I have as a write off now, but you never know). Next one to rocket will be SIA IMO. Not long now.

Check the motley fool www.fool.co.uk -> discussion boards. I hold Dana Petroleum DNX, Soco SIA (up 50% since I bought) , Aminex AEX (longer term and very risky) and I have a spread bet on Burren. An aim stock (which is currently down 25% since I bought it) is Imperial Energy. Finally there is Faroe Petroleum (down a mere 30% since I bought it).

And you were right. But hang on is that a tropical depression heading towards the gulf I see? Tropical Depression 6 Good Peak Oil BBC radio program tonight BBC Peak Oil

Do you really think there is any point charting the oil price - its so volatile due to supply constraints? One piece of news leads to a rapid decline and then suddenly something else leads to a rapid rise. As you know the long-term trend is unremittingly UP. "According to OPEC, in June 2006 Russia extracted 9.236 million barrels of oil, which is 46,000 barrels more than Saudi Arabia. The statistics also showed that Russian production in the first half of this year increased to 235.8 million tons, a year-on-year improvement of 2.3 percent. http://www.mosnews.com/money/2006/08/23/russiaoil.shtml Good News? Not according to Jeffrey J. Brown (westexas) on the oil drum: http://www.theoildrum.com/story/2006/8/23/9110/82030#more I assume that most media outlets that report the captioned story by the Moscow News would describe it as good news regarding Russian oil production. What the Moscow News is not reporting is that current Russian production is 2.8% below its December level. As I outlined in a recent article regarding net oil exports, "Net Oil Exports Revisited," (http://www.energybulletin.net/19420.html), I estimate that oil exports from the top 10 net oil exporters are probably now falling at a double digit annual rate. The captioned article provides additional evidence of the decline, since the June production number is below the May (EIA) production number for Russia. With that in mind as I don't have the time for trading I just hold a few oil stocks: Dana Petroleum DNX,Soco SIA,IEC and AEX. I have hedged these with a spread-bet sell on British Airways (eventually a bomber will get through or people will get so fed up with security they will stop flying), Barratt and Northern Rock I just can't ever see oil going below $60 a barrel again (famous last words).

Solar cells change electricity distribution We approach this news as current and former public electric utility executives, sympathetic with consumer and environmental concerns. South Africa and California technologies rely on the same alloy -- called CIGS (for copper-indium-gallium-selenide) -- deposited in an extremely thin layer on a flexible surface. Both companies claim that the technology reduces solar cell production costs by a factor of 4-5. That would bring the cost to or below that of delivered electricity in a large fraction of the world. This looks very promising surely?