vanity: massive fall in commodities across the board

various | 9-11-06 | self

[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.

[staytrue]

This across the board massacre smells like someone or something big is in trouble and needs to liquidate.

[rhombus]

So when do we buy?

[JamesP81]

I used to work for a commodities trader doing software development. A lot of people just got their rear ends handed to them.

[IncPen]

Or someone is getting out at the top of the market?


</ tinfoil>

[sarasota]

What's the "logic"?

[pissant]

It sounds perfect to me. Specially that oil drop. May it continue its downward spiral until I'm paying 1.35 again for gas.

[sauropod]

Interesting.

[Plutarch]

Oil down over a dollar.

Wow, a whole dollar? Oh...my....God!

[mplsconservative]

I wish it was Soros. :)

[eyespysomething]

[BeHoldAPaleHorse]

Gold down 23 dollars.

"This is an EXCELLENT buying opportunity! BUY GOLD TODAY!"

(Gold goes back up)

"This shows that gold is going to go as high as $2,500 an ounce! BUY GOLD TODAY!"

[staytrue]

platinum down 37 dollars.

[croixjr]

This good for inflation - which has been rising and that is why housing is up today---Toll Brothers and KBH.

[hipaatwo]

I don't know anything about the stock market, but didn't it do something weird before 9/11 or am I not remembering correctly.

[italianquaker]

minorities and women greatly affected

[mysterio]

Oil needs a hell of a lot bigger correction than that. And it needs a competitor to keep it corrected.

[BurbankKarl]

the arabs are broke

[Velveeta]

ping

[1rudeboy]

I'm somewhat amused by the notion that, because these commodities' prices are falling, folks are losing their shirts. Of course it's true, but what about the ones scoring big at the same time?