Anybody seen any 'Green Shoots'?
Anybody seen any 'Green Shoots'?
ping
(Or is it "III" now? Perhaps it just feels that way...)
I don’t understand the logic here. Without understanding what drove copper from $3.50 to $4.50, how do you know what drove from $4.50 to $3.30? The outlook for the economy is bleak, because outlook for the economy is bleak. Sometimes financial market folks remind me of climate scientists.
I think copper is a better indicator of economic futures than oil - its not sensitive to middle east craziness. Like oil, its used throughout the economy.
There’s a simple explanation for markets this week:
When all investments are dropping. Equities. Global stocks. Commodities. Precious metals.
It is not investments which are dropping. It is currencies the investments are traded in, rising.
Why?
They are signalling a down turn in manufacturing.
Commodities traders think selling is the right bet at this time. We don’t need them to tell us the economy is crap. We already know.
Now would be a good time to re plenish the oil reserves zer0 let out.
The Fed’s recent tactics were not for stimulating the economy. Those were efforts to push markets, and thereby, oil prices down temporarily. [All:] Pay attention to the various kinds of events affecting oil (for example) instead of focusing on the writings of geniuses focusing on technical market trends. Then you’ll see more clearly.
Lower copper and oil prices are good. I hope the investors find alternatives, like turnip sprouts.
Most of the mines in Chile make a profit at anything above $1.95/2.00 per pound. The Peso dropped about 10% in one day last week going from 470 to 518 to the dollar.
If oil can drop 7% in one day on speculation ,is it too much a stretch to think that maybe speculation drives it higher in the first place. Look at the last 3 years , when the markets were up oil futures rose with it, despite many times having near record inventories. We are being hosed folks.