On-the-ground in Asia …
Source: http://blogs.moneyandmarkets.com/blog/real-wealth/0/0/on-the-ground-in-asia-Posted on Monday, September 8th, 2008 | In Commodities
Right now I’m on a tour through Asia and judging by what I’m seeing here, there are very few signs of a slowdown!
I am seeing the same vibrant economies wherever I go. In Macau … in Hong Kong … in Thailand (despite yet another government coup) … and in the mother of all Asian economies, China.
Given what I’m seeing here in Asia, and the current pullback in oil and gas prices, I think now is a great time to take a look at Asian energy companies. Three of my favorites that I think are in the cat-bird seat to feed China’s intensely growing energy needs: China Petroleum & Chemical (SNP), CNOOC Ltd. (CEO), Yanzhou Coal Mining Co. Ltd. (YZC).
Keep in mind the pullback you’re seeing in oil and gas prices is nothing more than a much overdue correction in the market. All of my indicators continue to strongly suggest that we will see $150 oil and then $200 oil early next year.
So don’t let any bearish comments on the energy markets steer you away from the long-term trends … whether energy or Asia!
Last 5 posts by Larry Edelson
- Dollar’s fall last week is exactly what I’ve been warning about! - December 15th, 2008
- Real values ... real opportunities ... and real money ... - December 12th, 2008
- Veteran analyst Richard Russell seems to agree with me on the possibility of a major dollar ... - November 26th, 2008
- The Sequel To The G-20’s Secret Debt Solution - November 21st, 2008
- Gold Demand Exploding Higher! - November 21st, 2008
Asia, China, Cnooc Ltd, Commodities, energy, energy markets, energy needs, Hong Kong, Macau, oil and gas prices, SNP, Thailand, USD, Yanzhou Coal Mining Co. Ltd.
 About Larry Edelson (http://blogs.moneyandmarkets.com/blog/real-wealth)
With nearly three decades of experience in precious metals and natural resources markets, Larry Edelson has played a pivotal role in training Weiss Research staff and in guiding Weiss Research’s customers to prudent investments in the sector. His Real Wealth Report, Gold Trader Hotline and Energy Options Alert provide a continuing education on natural resource investments, with recommendations aiming for both profit and risk management. His team of technical analysts helps enhance the timing of investment recommendations with the aim of continually improving the performance results for investors. Mr. Edelson is also a regular contributor to the daily e-letter, Money and Markets. Recognized as an expert in precious metals and natural resources, he is often called upon by the media for his investing views. Mr. Edelson has been featured on Bloomberg, Reuters, and CNBC as well as The New York Times, New York Sun, and Marketwatch.com Mr. Edelson holds a B.A. degree from Columbia University. |
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