cho, page-5

What a great article. Excellent find, Tiger. I particularly liked this paragraph:

Note the following figures. Two years ago, in June 2006, oil was trading at $60 per barrel. A year ago, in June 2007, oil was also changing hands for $60 per barrel. A year later it's at $130. The increase is due to surging demand, claim the bubble detractors. But did that surge in demand begin just a year ago? Didn't demand in China and India rise between June 2006 and June 2007? Wasn't the standard of living there rising that year?

Meanwhile, as Mr Market is being distracted by all the activity in the resources sector, he's currently offering some very attractive prices to add to our holdings in two of my favourite LICs:

ARG - $7.00
CHO - $5.15 (briefly touched $5.10 earlier this month, but hasn't been under $5.00 since late 2005!)

Also STW went below $50.00 today after it went ex-div with a sizeable $2.58 dividend (~25% franked). I hope to top up soon.