Replies

To: Attention Surplus Disorder; nascarnation

2 posted on 09/28/2011 10:21:02 PM PDT by blam

Aluminum is tanking too.

8 posted on 09/28/2011 10:49:18 PM PDT by SpaceBar

Yeah, I dunno. I think there is (or was) a lot of speculative juice in ALL the commods, but especially the main ones, oil, gold, silver, copper. And of course, the China story has been “hot”. So, without knowing anything and only commenting in hindsight, commods + China = hot + hot. So when the air comes out, it double comes out.

All these things, when they have lots of spec money in them, have a tendency to overshoot on the downside when they collapse, and poorly (maybe I should say “weakly”) capitalized longs give up their religion and want their money. I’ve traded silver for a decade, I can’t figure where the bottom is. There WAS, absolutely WAS a very strong volumetric node at $31 even when it was threatening $50 a few months ago. $31 is sorta where it is orbiting now. Hey, people get tossed out, gather up their nerve, get kicked out, return.

I don’t know if it’s people who are really, really smart, or if it’s more like a dog returning to its own vomit. Is there a big difference? LOL.

13 posted on 09/28/2011 11:16:18 PM PDT by Attention Surplus Disorder (Madoff screwed the rich. Bernanke screwed us all.)

To: Fantasywriter; pantherskincreek

14 posted on 09/28/2011 11:31:57 PM PDT by nathanbedford ("Attack, repeat, attack!" Bull Halsey)

Copper ping back atcha. /HG < $3? And people say gold took a serious poop?

34 posted on 10/02/2011 10:59:48 PM PDT by Attention Surplus Disorder (Madoff screwed the rich. Bernanke screwed us all.)

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