Energy Trusts--maybe good news !

There are two sources of possible good news; the first one is Don Vialoux's (timing the market.ca) long term chart for crude. This chart, which everyone should study, shows that every year for the past five years the price of crude has gone up between November and March. In this five month period the average gain has been about 17%.

The second possibilty is the extension of the grace period for income and energy trusts. The first reports were that Austrailia had given a three year grace period. The current reports are that the actual time was ten years. It is hard for this observer to accept that the Canadian government would legislate the destruction of about twenty five billion in hard earned savings