Interesting!
Most of the talk show host on the business radio network here in DFW believe that Oil is way over speculated. Their belief is once the institutional investors feel the Real Estate/Finance mess is over that they will switch back leaving all these speculators holding the bag.
Of course that means you would have to agree with these talk show host that the current Finance is in close to be over. One stated that the recovery actually began last October and that currently the correction in just now showing up in the market.
The farmers perpetual problem, overproduction.
That’s why the Cheap Food for Consumers Programs, often refered to as The Farm Program, have been so important .
They keep farmers in business, just barely, and food prices stable, and low.
$2,000 an ounce gold is in the cards
MarketWatch | March 18, 2008 | Chuck Jaffe
Posted on 03/19/2008 7:05:57 PM EDT by george76
http://www.freerepublic.com/focus/f-news/1988429/posts
2 posted on 03/19/2008 7:08:28 PM EDT by narses
http://www.freerepublic.com/focus/f-news/1988429/posts?page=2#2
[snip] Other commodities also traded lower, with crude oil, silver, copper and agriculture futures all falling sharply as part of a broad commodities sell-off... the Fed’s move fell short of the full one-point cut many investors had hoped for, propping up the battered dollar Wednesday and sparking a huge sell-off of hard assets from heating oil to platinum and soybeans... Jon Nadler, analyst with Kitco Bullion Dealers in Montreal, said in a note. “Once the dollar started eaking out small gains this morning and crude oil started losing serious ground, the sell-off in precious metals gathered steam and left a wide swath of damage in its wake.” Gold for April delivery plunged $59 to settle at $945.30 Wednesday on the New York Mercantile Exchange. The 5.9 percent decline was the largest one-day loss since June 2006. Gold soared to an all-time high of $1,033.90 Monday... [end]