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vanity: massive fall in commodities across the board
various
| 9-11-06
| self
Posted on 09/11/2006 9:18:01 AM PDT by 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.
TOPICS: Business/Economy; Your Opinion/Questions
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To: 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. That's what I recall, too.
Although I could also be wrong...
81
posted on
09/11/2006 10:57:14 AM PDT
by
null and void
(Islamic communities belong in Islamic countries.- Eric in the Ozarks)
To: Attention Surplus Disorder
truly do not understand the pump in the homies, though.
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Fall in commodities= cheaper home const. costs.
To: photodawg
Regular Gasoline $2.17 today in southwestern Missouri.
83
posted on
09/11/2006 10:59:39 AM PDT
by
TYVets
(God so loved the world he didn't send a committee)
To: hispanarepublicana
Which once again proves you can't go wrong with chocolate or bacon. Yeah, I think I'll stock up...
84
posted on
09/11/2006 11:00:49 AM PDT
by
null and void
(Islamic communities belong in Islamic countries.- Eric in the Ozarks)
To: gleeaikin
Saw a TV program that said if it weren't for various manipulations, the true price of oil should be around $40 or $50. On the other hand I attended a conference on "peak oil" featuring Mr Lundberg of Lundberg Letter fame. There the projection was that because of growth in China and India, oil could reach $200/barrel in 5 or 10 years.
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translate manipulations as speculators in futures market. this is short term and dependent on geopolitics, as well as market prices.
Peak oil is more long term. Supply demand is very tight and we are consuming at a rate far greater than our ability to replace supply.
To: staytrue
Actually, pork bellies are down big. I know. My entire portfolio is sitting in my fridge next to the tater tots.
To: null and void
Leading indicator of a major attack????
87
posted on
09/11/2006 11:02:51 AM PDT
by
Thinkin' Gal
(As it was in the days of NO...)
To: oldleft
Why do people who buy radio time to convince me that gold's going over $1000 want to sell me all their gold?
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gold is contrarian indicator. Its a good hedge against total collapse, high inflation, and depression. Also as money substitute when all else is worthless. If 9-11 happened again today the market would tank 30-40 % but gold would probably skyrocket.
To: Ernest_at_the_Beach
I think you've found the answer, Ernest! During the break in the "Path to 9-11" show, tonight, the President will announce a major breakthrough with Iran on nuclear energy vs nuclear weapons development.
Everybody knows commodities of nearly all types rise with international political tension levels and sink when national leaders figure out how to spell relief!!!
89
posted on
09/11/2006 11:07:04 AM PDT
by
SierraWasp
(With government as your savior from disaster, it must first be your master!!!)
To: staytrue
Actually, pork bellies are down big.When I went to work at the Chicago Board of Trade back in the 70s, I thought pork bellies were just a joke. Au contraire! They are real and pork belly futures are really traded.
More proof that God has a sense of humor - to create a universe in which sentinent beings would trade in pork belly futures!
90
posted on
09/11/2006 11:07:25 AM PDT
by
Tokra
(I think I'll retire to Bedlam.)
To: Right Wing Assault
I don't know but the chinese still eat food and the grains, meats, sugar and coffee are down.
91
posted on
09/11/2006 11:07:36 AM PDT
by
staytrue
To: null and void
if an attack were coming, gold and silver would be up.
92
posted on
09/11/2006 11:09:19 AM PDT
by
staytrue
To: staytrue
IT'S the end OF THE WORLD as we KNOW IT!
And I feel fine!
To: taxcontrol; Ernest_at_the_Beach; Dog Gone; tubebender; Grampa Dave
I like elements of your opinion, except, don't forget the March invasion of Iraq in 2003 kicked off a wonderful 3-year Bull Market for stocks!!!
94
posted on
09/11/2006 11:10:57 AM PDT
by
SierraWasp
(With government as your savior from disaster, it must first be your master!!!)
To: staytrue
Not necessarily. Depends on who is provoking the panic, and why.
A certain currency traitor trader comes to mind...
95
posted on
09/11/2006 11:13:11 AM PDT
by
null and void
(Islamic communities belong in Islamic countries.- Eric in the Ozarks)
To: staytrue
Whoa! You mean, the PMs can ANTICIPATE terror attacks?? Geez, next thing you know they'll be driving SUVs around trying to pump up their commodity brothers!
To: RSmithOpt
then I can afford to go out more to have a cold one or 2 at the topless bars.... heheheheh. Don't lie to us. You pay for one drink and stuff the rest in the G-Strings of the girls who are just "working their way through college".
97
posted on
09/11/2006 11:16:49 AM PDT
by
ChildOfThe60s
(If you can remember the 60s...you weren't really there.)
To: photodawg
Right. Precious metals are not an investment as such. They are a hedge or fall back in the event of an economic collapse where paper currency becomes worthless.
I have silver bars for that reason. I probably won't live long enough to make any money on them. But they are there for a major crisis.
98
posted on
09/11/2006 11:21:23 AM PDT
by
ChildOfThe60s
(If you can remember the 60s...you weren't really there.)
To: staytrue
"if an attack were coming, gold and silver would be up."
True...
Something to think about though...if someone knew there was going to be an attack of such a magnitude that the United States consumption for oil would drop by more than half (nuclear war), then you might see oil prices drop...but if it were the scale of 9/11, then the oil prices would go up.
Your comment about gold going down alleviates some concern..
Let's just hope it's a regular market correction.
99
posted on
09/11/2006 11:24:50 AM PDT
by
Maringa
To: BeHoldAPaleHorse
OH DOO DOO!
There you go with that "THINKING" stuff again! LOL
So much of the commodity and stock markets run on emotion and the herd mentality that this drop may continue a while.
I hope so, because I use a LOT of metals in my business.
100
posted on
09/11/2006 11:26:33 AM PDT
by
308MBR
(Milkin' and a churnin', pickin' cotton, raising "heck" and balin' hay!)
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