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StudentJack (26.52)

Oil, precious metals decline.

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August 16, 2007 – Comments (0)

Today's announcement that oil and precious metals are declining with a broad sell-off as funds liquidate metal and gold holdings has left me with mixed feelings. On one hand, my real portfolio is heavy on gold and oil at the moment, which has not fared well under the current circumstances. In the Summer Foolery game, however, it appears that if the basic materials short pro-shares keeps rising it might bring down our number one fool and put me in 1st? I see 15 days remaining and I need to make up some 50 points now, it appears if current conditions persist this might occur. On the otherhand, the second game for the WII I'm pretty much crushed by the weight of gold on this one...I swung for the fences on the price of gold going up. Good luck!

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