Posted on 12/13/2010 12:51:26 PM PST by Razzz42
...Note that the CCI (Continuous Commodity Index) has run to its current level WITHOUT the participation of crude oil which at the time it made its all time high back in 2008 was trading close to $150. It is currently below $90. That is what is terrifying. We are in effect looking at the prices of food and metals in this CCI doing all the heavy lifting in the commodity sector. Heaven help us if energy prices, particularly natural gas which has been extremely cheap, take off.
Note also the separate chart of copper which is now within a whisker of taking out the 2008 high in price.
You will also note that the S&P 500 has effectively retraced all of its losses since Lehman collapsed as well.
What the Fed has accomplished is to push the price of paper assets higher and inflate the commodity sector while the employment picture remains bleak and wages remain stagnant. Oh, and don’t forget, long term interest rates are now rising even as the housing market remains mired in foreclosures and delinquencies... ...The nature of these flows is that they are extremely fickle and quite vulnerable to any news or action on the part of monetary authorities to go after the speculators. I am not sure that there is much any of them can do as long as we have free money available for leveraged plays so while the party goes on, enjoy it. Just be careful. Too much of this demand is artificial.
(Excerpt) Read more at jsmineset.com ...
I have a question. Gold is out of my budget, but I’m intersted in silver and copper. Where can I get silver coins and copper ingots witout hugh markups?
I use Provident Metals. Low markups.
I realize we’re getting near Christmas but volume is horrible in the S&P right now. Smells like we could be near a top.
I bought mine on ebay.
Search for “junk silver.” I bought mine in $100 “face value” increments (NOT actual value - face value of the coins).
Stagflation arrives.
Starting point for links to precious metals sellers, call one and ask about copper. Check price quotes against a local coin shop.’Junk’ US silver coins probably sell for the lowest premium, next would be silver bullion (bars).
Be careful on Ebay, don’t get scammed.
Thanks.
I’m thinking of buying 1/10 oz coins (silver) and copper pennies.
Something’s Wrong in the Silver Pit: But It’s Much Bigger than J.P. Morgan
rethinking....no pennies, perhaps mostly small siver coins and a couple of 1oz pure copper coins.
not gonna go overboard....just being prudent.
2 years ago, I paid about $1.89 a gallon for my propane.
Delivery in November cost me $3.45 a gallon. No sign it is coming down in the future.
Propane always higher in winter months. Fill up your tank in mid Summer.
It is somewhat tied to gasoline as I hear that when gasoline is high the refiner can add a bit of propane and replace the octane to be able to sell same octane gasoline at a lower cost (to the refinery).
Someone I know who dumpster dives in the metal bin at work found a 20 lb. ingot of copper that some dumbass chucked.
Dimes are 72/1000 of an ounce. If you purchased a tenth ounce silver coin, the premium would likely be absurd.
"Copper" US pennies are 95% copper.
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