Servias Ministries Blog

From time to time the market gives us an opportunity to pickup some cheap investments.  The challenge each of us has is to not be moved by the media.  Those in power are well acquainted with the power of persuasion.  Torture is persuasion on steroids.  If you bombard people with a particular view, they will ultimately believe the view you are projecting.  That is why it is so important to "hear" Our Heavenly Father and not be moved by the talking heads on TV.

Isaiah 55:8 For my thoughts [are] not your thoughts, neither [are] your ways my ways, saith the LORD.

The Book of Judges has a consistent theme: the people did evil in the sight of THE LORD, HE delivered them to their enemies, they cried out, then HE sent a deliverer.   The U.S. has moved away from the principles of the Kingdom of God to the principles of Mystery Babylon.  Usury and greed are the basis of the sub-prime mortgage crisis.  Banks, credit card companies and other lending institutions are rationalized why it is good to keep us in financial bondage.  They removed prudent lending practices to ensnare the average person in loans that at best will barely be repaid.  The "Me" generation is quickly moving toward the day of reckoning.  It appears that we are on the same course as in the Book of Judges.  We are shipping over $400 Billion to other countries, some who are potential enemies.  We are paying for their rise to power.  We may be crying out to THE LORD by 1/11/11.

In the meantime, for those who believe that their party will end, the last few days have provided some notable investing opportunities.  Gold dipped to the $870 level.  It sent gold stocks down.  A good example of a gold stock with great potential is Minefinders:

Minefinders is expecting to begin production within months.  The stock is closely held and the management acted responsibly when raising money during the exploration phase.  (See disclaimer on website).  I have invested in this company.  This is not a core holding as would be Goldcorp or Yamana Gold.  However, this stock has dramatic upside potential.  Greater risk but greater reward potential.

Gold and silver bullion were a buy this week.  $870 gold and $16.50 silver are looking cheap now.  Higher energy prices will force metal producers to keep prices higher.  Miners will shut down mining if costs exceed prices of their products.  They have done this in the past.  This creates a floor for metals prices.  China continues to play a major role in prices.  Their new middle class will have a ravenous appetite for goods and services that the West has been accustomed to.  Their meat consumption will rise.  It takes a lot of grain to feed cattle.  Moving from a vegetarian diet to include meat will have an inflationary impact on global food prices and supply.  Americans MUST start thinking globally.  The American-centric world has come to an end.  U.S. companies with employees in other countries are being pressed to pay those employees in Euros or Canadian Dollars.  Those employees are losing purchasing power when paid in U.S. Dollars.

Yamana Gold has had a 33% retracement in price.  From a technical point of view, that is a good buy signal:

I expect gold to push towards $1,600 and beyond.  Yamana and other gold stock are expected to enjoy the ride up.  Goldcorp continues to be a solid stock.  Review of their annual report reinforces my view of their potential.

I expected the natural gas price to take a breather by now.  I was wrong.  Its continued strength simply confirms our view of production declines with increased demand.  Coal is out of favor.  Power companies are starting up their natural gas fired turbines in preparation for the summer heat.  Some of these turbines had been in "moth-balls".  My original 4.25 price floor for natural gas is up to 6.50 now.  However, we might not see 6.50 again in the next few years.

I had projected $125 oil earlier.  $150-160 oil is looking more probable and sooner than I originally thought.  Those who have invested wisely should consider helping those loved ones who are hurting due to the gasoline/energy prices.  In OUR FATHER’S great grace and mercy, our investment successes are to sustain us and those around us, not just "me and my four and no more".

Record oil prices continue!

See: http://online.wsj.com/article/SB120820608486613923.html?mod=googlenews_wsj

Although not the largest exporter of oil, the Russian contribution is just as critical to the overall price structure as any other producer.  You may want to revisit my earlier writing on The Coming Energy Crisis from a Mathematical Perspective at http://www.servias.org/?p=68.

What happened to those predictions of $40 oil?  Don’t you wish that some of those people who erroneously suggested cheaper oil would have to recant their predictions with an apology?  Those "experts" must have had an impact on the average person who then went out and committed to a 6 or 7 year note for their new gas guzzler.  Unfortunately most of us cannot immediately reverse a decision like that.  I suggest that you take action to become more energy efficient.  $10 natural gas will equate to higher electricity costs.  If we have another Katrina-type hurricane, $150 oil is probable.  $125 oil is inevitable at this juncture.

Don’t let Congress off the hook.  They make money on high priced gasoline in taxes.  It is a very lucrative revenue stream.  The following graph provides a breakdown of the revenue distribution:

The taxes add no value to a gallon of gasoline.  I wonder if the government authorities will reduce their portion of revenue to help the hurting consumer?  Happy Tax day!

Too much debt, higher energy prices, and higher food prices will bring forth downsizing in all areas.  Bigger houses and bigger cars will be a preference of the past.  You only have to go to Europe to see the result of higher energy prices.  The percentage of SUV’S in Switzerland is extremely small.  There are more Smart Cars than SUV’S traveling around Zurich these days.  I would suggest that you have at least one fuel efficient car in your garage, the sooner the better.  As in the early 80’s, large vehicles will depreciate much faster as the mainstream media starts reporting the peak oil issue.  As of this writing, peak supply occurred November, 2005.

Those in the Energy Industry have been surprised by the price of both oil and gas.  Their 20 to 30 years of experience have hindered their view of global demand.  Most of their careers have been dealing with cheap oil and gas.  Prior to this decade, many wells were plugged when exploration companies found only natural gas "downhole".  Natural gas is about double what was predicted by those in the industry.  Times have changed.  Coal is out of favor for generating electricity.  Natural gas is "in".  This will translate to higher electricity costs.  As our monthly utility bills increase, the demand for larger homes will decrease.  People will no longer tolerate the high cost of living in a larger home.  Smaller, efficient houses will be where the housing boom resumes.  There’s an old saying, "It’s easier to obtain than it is to maintain".  Alternative fuels will not solve the problem.  You can’t stick solar panels on our fleet of airplanes.  Our transportation infrastructure was built on the assumption of cheap oil.  Europe’s infrastructure was built on the opposite assumption.  They are in much better shape to absorb the higher cost of energy.

I expect town centers to be revitalized.  For most families, traveling 20 miles to the movie will become history.  The lower and middle class will be hit hardest.  Inflation is going to eat up private savings.  Bible Law demands equal weights and measures.  Playing with the money supply to promote the current financial system will ultimately result in hyper-inflation.  Note the following graph:

Source: http://www.shadowstats.com/alternate_data

The Federal Reserve no longer publishes Money Supply-M3 data.  This number best reflects the increase in overall money injected into the economy.  This number is the root of inflation.  The result is price inflation.  Doubling our money supply growth will surely hyper-inflate the prices you and I pay at the grocery store, department store, and gas pump.  This problem will be systemic.  City, county, and state governments will increase taxes to cover increased costs.  Once a nation defies Biblical Law, judgment prevails.  Mercy first exposes the sin to be dealt with.  If no repentance occurs, judgment ensues.  The decades of American excesses will be cleansed.  The insatiable desire for bigger homes and cars will be quenched… the hard way I suspect.  What were we thinking???

What action should one take?  As I have written in the past, simplify.  Remove excesses from your life.  Reduce your discretionary spending for 30 days.  How difficult was it?  We tend to spend up to our monthly income.  Reinstate that budget that you abandoned a long time ago.  Learn how to grow a garden if you don’t know how.  It may be required soon.  The days of "2,500 mile" salads may be gone soon.  What’s a 2,500 mile salad?  Lettuce is grown in California and shipped to New York to be served in a salad.  The cost of transportation will prohibit many from buying those fruit and vegetables grown in distant regions.  In Switzerland, you find community vegetable garden plots of land.  Each family has a small section for their garden along with a shed to keep the tools and supplies.  They will share and trade with other families so that all will have a variety of vegetables.  I suspect prices will force people to plant vegetable and fruit gardens again.

How do I determine what is needed vs. what is excess in my life?  Ask Our Heavenly Father.  He knows your calling and knows what you need to fulfill your calling.  Not all of us need the same size house or car.  There are those who will need a private jet to fulfill their calling.  Others will only need a compact car.  Don’t envy those who have need of more capacity than you.  If they have excess capacity, it will be removed in the upcoming cleansing cycle.  More capacity requires more time and energy to manage it.  Don’t serve structure, serve God!

Oil Demand to Hit 94.3 Million Barrels a Day by 2012, IEA Says

By Mike Cohen

March 17 (Bloomberg) — The International Energy Agency, an adviser to 27 industrialized nations, expects worldwide demand for oil products to increase an average 1.9 percent annually until 2012, driven mainly by expansion in Asia and the Middle East.

“Demand is projected to grow to almost 94.3 million barrels a day by 2012,” Eduardo Lopez, an analyst with the agency, said in a presentation to the Oil Africa 2008 conference in Cape Town today. “By 2012, demand will be a third higher than in 1996.”

http://www.bloomberg.com/apps/news?pid=20602099&sid=aR16.phppLlA&refer=energy

If you are forced to drive a substantial number of miles each month you may want to consider downsizing.  If your vehicle’s gas mileage is less than 25 mpg, you should look at replacing it.  If your job requires a certain vehicle type such as a heavy duty pickup, the upcoming months and years will be a challenge.  The high price of oil appears to be with us for the next 5-10 years at a minimum.  What few people seem to understand is that oil has a much better energy coefficient (energy output vs. energy input to produce) than most alternatives.  On the other hand, ethanol has a low coefficient.  Ethanol requires energy to grow and harvest the crop, transport it to an ethanol plant.  The ethanol plant requires substantial energy to convert the feedstock to ethanol.  Often, the heat source is natural gas.  Oil is still the best deal in town.  Other technologies are just not yet viable.  The world has about 800 million vehicles with 50 million being added every year.  That is a staggering number.  The U.S. vehicle inventory averages 15-17 years to turnover or replace.  If you introduced a new technology today, it would take 30 years or more to move the world to the new infrastructure.  The crisis we are facing cannot wait 30 years.  Late adaptors to energy saving vehicles will be severely impacted.  When we had the oil crisis in the early 80’s, large gas guzzling cars lost substantial value overnight.  For those who owned those vehicles with a substantial loan balance, they were immediately "upside down" on their note.

There have been many inventors claiming a solution to the crisis.  Each invention has its drawbacks.  Ethanol requires a lot of fresh water.  Fresh water may become a scarcity soon.  Wind turbines need a sustaining wind.  Many locations are just not suitable for turbines.  Solar power requires sunlight and land area.  It won’t work in Seattle, Washington or Benton Harbor, Michigan.  They are known to count the days of "no sun".  The biofuels upset our food chain.  You can’t fly an airplane with a giant power cord.  Natural gas is world’s only super-efficient heat source.  It lacks infrastructure to handle current transportation requirements.

Scalability of new technology will be the limiting factor over the next 10 years.  Any alternative will require substantial infrastructure investment.  Infrastructure  development and repair require commodities.  Metals, hydrocarbons, cement, and other products will be in great demand no matter what develops.  Electricity is highly inefficient heat source.  However, nuclear power has tremendous benefits when producing electricity for transportation requirements.  The U.S. infrastructure is based on cheap oil.  The massive highway system is contrasted to Europe’s rail, bus, and subway system.  Blaming the oil companies will not result in any productive change.  The world will need about 10 million barrels of NEW oil per day in 2012.  There is no realistic way to ramp up the supply in time.  A new discovery such as the North Dakota (actually it isn’t new but recently revisited) will require substantial investment and time to develop if found to be confirmed as a major field.  When demand exceeds supply the price goes up to dampen demand.  The decline in the value of the U.S. dollar will only fuel price increases for U.S. domestic consumption.

What am I to do if I can’t change out my vehicle?  One subtle way to offset your energy consumption exposure is to buy "insurance".  How?  Start investing in a dividend paying energy stock.  As energy costs increase, the value and/or dividend of the energy stock should reflect the increase.  Effectively, you become both a supplier and user of energy.  Below is an example of the "insurance":

I know, you don’t have $7,840 to go buy PWE(Penn West Energy) stock.  Open up an account and start buying what you can.  The earlier you start dealing with the energy issue, the better shape you will be in when gasoline hits $4.40 per gallon.

See Disclaimer: http://www.servias.org/?p=56

The term black swan comes from the ancient Western conception that ‘All swans are white’. In that context, a black swan was a metaphor for something that could not exist. The 17th Century discovery of black swans in Australia metamorphosed the term to connote that the perceived impossibility actually came to pass.

Most people today believe that technology and sophistication of thought would prevent any economic catastrophe from happening.  The classic argument of the average man on the street is, "If we can go to the moon and back, surely this problem can be resolved."  What mankind has failed to put into his equation is the sovereignty of God.  Spirit trumps the mind and flesh.

In the Book of Judges,  The Lord would provide a deliverer for the children of Israel.  Each deliverer would defeat the enemy and then peace would be restored.

Judges 3:30 So Moab was subdued that day under the hand of Israel. And the land had rest for eighty years.

Upon reading the Book of Judges, you will notice that after each deliverance, the rest period shortened.  The problem was that each man would do "right in his own sight" rather than following the Word of The Lord.  Our Heavenly Father would evoke a "cleansing cycle" to clean up the mess created by man during the expansion cycle.  In our walk we are to develop consciousness about our relationship with God.  This happens through our acceptance of Jesus Christ.  Another aspect of our walk is to develop faith.  Faith cometh by hearing the Word of God.  This walk of faith and consciousness is tested.  In Hebrews 11:17, Abraham’s faith was tried and tested.

An event known as a "black swan" may be upon us.  However, it is not a black swan to those who are anticipating a cleansing cycle.  Only those who have no clue will view an upcoming negative economic event as a "black swan".  The black swan was created by The Father.  The Europeans in their thinking concluded that there were only white swans.  They had incomplete knowledge.  In the Scripture, Our Heavenly Father reveals His character.  It is one of righteousness and lawfulness wrapped in love, grace, and mercy.  His mercy gives us an opportunity to turn from our wicked ways.  Ultimately we will participate in a cleansing cycle.  The cleansing cycle will be disastrous to many.  Their sand castles will be washed away.  Their reliance on material possessions will be shattered.  The perfect storm is forming.

What should I do?  I believe that it is time to enact a personal cleansing cycle.  Reduce and eliminate debt.  Remove unproductive assets.  Clean out the attic and closets.  Get rid of those things you acquired that you no longer have need of.  Bless someone with those things that are still usable but no longer useful to you.  As they say, "become lean and mean".  I have often thought that the people of the U.S. could empty their storage facilities and bless a third world country in its entirety.  Return to the fundamentals of The Bible.  Reread Scripture with a fresh perspective.  Search for those hidden revelations reserved for this time in history.  Once the global cleansing cycle begins, The Father will raise up those who are ready to receive His power and authority to enter into the fullness of their calling.

Paul Volcker, former Head of the Federal Reserve, recently called the current economic situation "the mother of all crises".  http://youtube.com/watch?v=2opw-iUaezs&feature=user

Jim Cramer (Mad Cramer) is now on the bandwagon for $1,600 gold. http://www.thestreet.com/_yahoo/video/cramerinterviews/10411623.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA#10411623

I expect the US dollar to lose at leat another 30% in value if not much more.  Your savings account will do the same.  You may want to diversify your assets.  A 5 to 10% position (of your liquid assets)in gold and silver is not unreasonable.  This simply acts as an insurance policy to offset the loss in value of your US dollar denominated assets.  You STILL need liquidity.  That is what a savings account is designed for.  For those who are broke, I believe that The Father is raising up those with gifts and callings to minister to those without just as He raised up Joseph.  God loves a cheerful giver.  Mystery Babylon exalts those who have accumulated material wealth, The Kingdom of God exalts those who give and serve.

On January 21st of this year I wrote about the expected downgrading of insurers.  See Brace Yourself: http://www.servias.org/?p=48 .

This is now occurring. MBIA Loses AAA Insurer Rating From Fitch Rating Agency Over Capital.  See : http://www.bloomberg.com/apps/news?pid=20601087&sid=aUKrtfm0u4yI&refer=home

This only reinforces the need to be vigilant in placing your finances in defense mode.  Do not be lulled into complacency.  Those that are in control will not give us an early "head’s up" to a financial entity problem.  The average person will be the last to know.

I received a question about buying silver.  Is there any difference in silver rounds versus 100 oz. silver bars?  No.  Either is good.  1 oz. Silver rounds can be sold in smaller increments as cash is needed.

In the Holy Scripture, there are examples of the destruction of a currency (or medium of exchange).  Often, currency destruction is associated with a famine.  In Genesis, Joseph was groomed by The Father for a ministry in the upcoming famine.  Man did not know of this impending event, only Our Heavenly Father knew.  Joseph was born of Rachel.  Her womb was barren but the Lord God Almighty open her womb that she might bare Jacob a son.  Israel (Jacob) loved Joseph more than his other sons.  The other sons were envious.  The Lord gave Joseph two dreams.  In these dreams Joseph would be exalted above his brethren and his brothers were not happy with this scenario.  Their anger helped propel Joseph to the fulfillment of his calling.  After a distinguished resume of preparation, Joseph met Pharaoh.  He was placed in a position as Treasurer.  However, his currency had not yet been accepted as the medium of exchange.  He had seven years of transition before his currency had become accepted by the population of the world.  Once the famine had taken hold of the land, grain had become the new currency.  Joseph was given the name Zaphnath-paaneah which means "treasury of the glorious rest" or "treasure in the field".  Both interpretations point to the same result.  Joseph was to oversee the treasure and it was coming out of the field.  It would also be for a rest period.  Most people do not view famines as rest periods.  They are effectively a "forced" rest period.

In 1995, my family was placed in a financial famine.  Up to that point, revenue had always flowed freely.  However in March of that year, the revenue was cut off.  It was a few months later when I finally asked The Father about the problem.  Initially I assumed that it was due to the normal course of a business cycle.  This time it was different.  The Father told me that I was in the Wilderness.  My response was "get me out".  His reply, "There is an appointed time for you to be in the wilderness and you will not leave early".  That response was not what I wanted to hear.  It was my custom to pray an hour before work everyday.  At that time I had a key to the church we attended and  I would go into the sanctuary an pray from 6 A.M to 7 A.M. daily.  During this wilderness adventure I tended to pray longer.  Why?  Often, I would wake up in fear.  I would go pray until peace came.  Why not?  I wasn’t going to generate any income that day anyway.  This was a "forced" rest.  My focus had to change.  It was necessary for me to live through a famine.  It was necessary to see that money had wings.

Proverbs 23:5 Wilt thou set thine eyes upon that which is not? for [riches] certainly make themselves wings; they fly away as an eagle toward heaven.

Fortunately my wilderness period only lasted eighteen months.  When My Heavenly Father spoke to me about the wilderness, He also told me to study the three feasts and their meanings.  On that very day, He told me, "The Church is in the Wilderness".  This forced time of rest was when I received the revelation of Tabernacles.  It provided me an appreciation of the relative value of riches.  I was able to relate to those who had no hope.  I experienced the emotion of what looked to be a "crash and burn" situation.

Servias Ministries was brought forth to play a role in the upcoming currency destruction event.  Its mandate parallels Joseph’s calling.  He did not preach a doctrine.  His salvation message was subtle during the first seven years.  His calling was to acquire assets for future distribution.  Joseph did not go buy a field and raise grain.  His mission was to acquire grain from those who were called to be hard asset providers (farmers in those times).  Servias Ministries is called to be a depository (storehouse) for assets.  As needs arise, Servias is structured to distribute assets as needed.  We believe Our Heavenly Father will provide the wealth to be stored.  It may come by investments.  It may come by people who are led to give.  We do not believe in coercing money from people.  We are not interested in persuading people to give.  We are interested in people who have the revelation to give.  In the past, I have been more interested in acquiring funds by personal investments than providing others a means of giving into this ministry.  The Father corrected that view in 2006 when He told us to start Servias Ministries.

Recent events indicate that the Federal Reserve will sacrifice the currency to keep the banking system solvent.  Banking system solvency is its mandate.  The current system is destined to a "forced" rest period.  A financial famine is on the horizon.  Last week we saw the edge of the cliff.  The Fed responded with a weekend plan to keep the system afloat.  We must remember that Our Heavenly Father oversees all the affairs of mankind.  He has a plan in place to sustain mankind through the coming turbulent times.  Each of us has an opportunity to respond to His plan.  The world has not honored "rest" periods.  Man has become to busy to rest.  In the pursuit of the almighty dollar, society has forgotten the commandment "Remember the sabbath day, to keep it holy".  Some of us rest but most don’t.  Restaurant workers and others never enjoy a sabbath.  When I was young hardly any businesses were open on Sunday.

As the destruction of one currency continues, another will arise in its place.  As for my family, we will invest in the Kingdom of God:

Matthew 19 "Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal; 20 but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. 21 For where your treasure is, there your heart will be also.

In previous writings I have alerted you to the sequence of events that follows the bubble of greed.  Let’s review the cycle.  It all started in the 1980’s.  First, the economic system is growing at a slow and reasonable rate.  The Federal Reserve Bank (Fed) is expanding money supply at 3 to 4% to accommodate growth and expansion.  Fundamental principles of borrowing and lending are adhered to by both sides of the equation.  Chairman Paul Volcker had whipped inflation by raising interest rates into double digits.  This put the country into a recession.  The cleansing took place and all of the unproductive ventures were pruned from the system.  Ronald Reagan decided to reduce government and began to privatize.  The practice of defined benefit plans where the company supplies the worker with a pension was being dismantled.  IRA’s and 401K’s replaced those defined benefit plans.  The average Joe was expected to invest and produce a return equal to professional money managers.  The 80’s produced an unprecedented number of new investors.  New brokerage firms sprang up.  With the maturity of the internet, electronic brokerage firms flourished.  A new era began- technical trading.  In its early years, technical trading was accomplished by a specialized broker who set up multiple workstations in a trading room.  Traders would use charts and graphs to pick entry and exit points.  It worked for a while.  As more traders began to use technical analysis, the "big boys" with their high powered black boxes could determine what trading indices and formulas most traders were using.  Once they figured it out, they would set traps for the trading population.  They would force a stock up and lure traders in then sell it short and force the traders to take a loss.  Stocks are a zero sum game, a winner and a loser on every transaction.

The Big Boys are playing a game of perception.  The global financial economy needs to contract and de-leverage the excesses of investing that has occurred over the last 20 years.  Alan Greenspan will be found to be the perpetuator of this leveraging problem.  Most of the problem happened on his watch.  Bill Clinton’s era is where most of it started.  George Bush perpetuated it as well.  Big money wanted to keep the party alive.  Unchecked greed propelled this problem into the stratosphere.  U.S. Treasury Secretary Henry Paulson looks like an orchestra conductor.  Wall Street is the audience.  The average money manager is deep within the current paradigm.  The pension fund manager inherently believes that his portfolio will weather any short term problems.  His portfolio is designed to look out 50 years, not 50 months.  As long as Paulson can keep these people believing that all is well, the market may maintain a sideways movement.  However the chickens will come home to roost.

I view this time as a great time to add to your portfolio of hard assets.  With the recent $160 drop in the price of gold, I see this as a buying opportunity.  I hope that they can manipulate the price of gold to stay at this level for a number of months.  That will allow me to buy more gold and silver stocks as I can afford.  Energy prices remain strong.  The energy stocks have responded accordingly.

I believe the 15% drop in gold was orchestrated to settle down the markets.  Remember, gold is a barometer against the fiat currency health.  Gold goes up when the US dollar goes down.  It will be choppy ahead.  Rest assured that the powers that be will do everything necessary to "stay alive".

Some questions we have recently received:

Would you acquire the presidential coins that are being offered now in the newspapers or is this just a perception based offer?  No, I wouldn’t pay a premium for coins based on their rarity.

“I am not suggesting to hoard gold or silver.”
The quote above suggest to me that you are not investing in Silver any longer to protect yourself against the weak dollar. I took your advice in Oct 2003 and put all my cash into real silver. Do you now believe we should not do this now? My comment refers to the time when the possible collapse of the dollar.  At that time you should look to help people with the wealth you have acquired from my counsel.  Hoarding denotes fear.  Your current continued acquisition is based on a future need.  In Genesis, Joseph acquired assets for a future need.  Once the need was there, the assets were there to help others.  We’re doing the same thing.  Gold and silver are simply "tools", not to be worshipped.

I have a question about buying silver.  We have about $50K invested with E**** Jones because we know nothing about finances except there never is enough, and we were wondering what percentage of that 50K would be reasonable to buy silver rounds. And mostly, why? This is my wife’s idea and I do want to honor her.  I would own about $5,000 in silver rounds.  I would also consider buying a little each month.  In my investment account I would check to see exactly what the 50K is invested in.  I have invested in Chevron, Petrohawk, Pennwest Energy, Goldcorp, Yamana Gold, Southern Copper, etc.  See Disclaimer on the website.