Posted on 09/11/2006 9:18:01 AM PDT by staytrue
Commodities of all types are falling big today.
Oil down over a dollar.
Gold down 23 dollars.
Silver down a dollar.
Grains and meats are down.
sugar, cotton, orange juice, lumber down also.
Cocoa and live hogs are about even.
And if it did go "to the moon"; would they be in the market to buy it back from him?
you're right on the money
speculation works both ways right now the "big mo"mentum is on the downside
50% of the Wasp's nest population has sugar diabetes and doesn't give a chit!!! (grin)
"Gold down 23 dollars."
Oh lordy, the gold bugs are going to go full-on psycho, posting negative articles to trash everything else, especially real estate, trying to drive money their way.
Maybe we got UBL :)
You want logic in the markets? Why start now.
absent inflows from speculators and hedge funds, oil would be in the high 40s is my guess.
Which movie are you talking about?
The commodities market is a racket.
Doesn't the government already provide a subsidy for ethanol plants. They are spring up in the Midwest because of some incentive, I'd say.
"...someone or something big is in trouble and needs to liquidate."
Yup. I thought about that an hour ago after watching the tick since 9:30. I'm not budging. I can see liquidating a position, but this is a panic.
Trouble is we won't know who got caught naked when the tide went out until Wednesday, if then.
Went out today on my weekly shopping trip to town. Take note of advertised gasoline prices even though I don't buy most of the time. Prices are UP 5-10 cents from a month ago. That's UP, not down. $2.89 reg at the supermarket gasoline island.
:)
" == Doesn't the government already provide a subsidy for ethanol plants? == "
I don't think they provide a direct subsidy, but they do provide tax and regulatory support for the use of ethanol. However, almost all of this goes to ethanol made from corn, which is not a viable long-term source. I think they should focus on the other technologies I named - ethanol from cellulose instead of sugar/starch, and the development of coal, oil shale, and tar sand petroleum sources. And any such subsidy or price support should have a definite, immutable expiration date. We need to develop the capability, but not another trough for feeding the pigs.
Because that is how they make money?
Deflation ain't as fun as it seems.
Rising and falling prices are not a cause of inflation, they are a symptom.
"Inflation is everywhere and always a monetary phenomenon"....Milton Friedman
I prefer the commodities that are elective, not necessary for the most part.
See #10.
True, but grossly overpriced oil based on speculators and politics is a fun that needs to be ended.
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