WG is giving out his own unsubstantiated opinion again.

I am loath to get into this briar patch, but....

Opinions by their very nature need only satisfy those who hold them

Web usually shares his reasoning for how and why he arrives at his conclusions

Like others, I value his input without passing judgemant on whether or not I am persuaded by his personal conclusions

It is also true that unlike a number of folks here, Webgogs plays the game differently

I have never has much luck as a trader, so I like doing the DD, finding what I think works and riding it up or, on occasion, into the ground

I appreciate the POV without following the strategy

I pretty much susbcribe to an investment philosophy enunciated by Don Coxe, an investment advisor of considerable note:

“Invest in commodity companies on the basis of proven, unhedged reserves in the ground in politically-secure areas of the world.”

Your mileage may vary......