Just yesterday - before the Fed meeting - it was at 1325. Look at it now:
At the time of this post over $60 per oz. gain.
Posted on 11/04/2010 12:05:27 PM PDT by Razzz42
About the only commodity markets that were lower today were the feeder cattle and natural gas markets. Corn is back at levels last seen in August 2008. Soybeans are working at reaching the $13 level while wheat is above $7 once again. Cotton is once again limit up as it continues to trounce one record after another and is now well above levels last seen when Rhett Butler was running Yankee blockages during the era portrayed by “Gone with the Wind”. (We are organizing a raid on neighborhood clothes lines where a rich stash of cotton underwear and T shirts has been sighted).
(Excerpt) Read more at jsmineset.com ...
With QE2 just being announced, gold is headed for fresh record highs. I’m beginning to get the feeling it will not see 1200/ounce or lower again.
Wow. Silver at $25.97.
Trader Dan is the man!!!
Bumps!!!
Can never have too much of that yellow stuff.. ;)
Anyone know why natural gas has been dropping like a rock for so many months?
All I know is that demand is down for natural gas but it too will soon get caught up in rising commodity and energy pricing.
Now might be the time to take advantage of this and pick up some quick paper profit.
Just yesterday - before the Fed meeting - it was at 1325. Look at it now:
At the time of this post over $60 per oz. gain.
This is 2nd hand but a friend of mine works on the Marcellus shale fields surveying pipelines. He said his company just mentioned that they were going to be part of tapping into a deeper source even bigger than Marcellus with cleaner gas. He just started the job and his boss was talking about 30 years of job security from that one source. For what it’s worth.
-Brian
We are awash in natural gas or the equivalent of natural gas if we are just allowed to tap/mine it.
Silver’s round trip yesterday and today’s rocket launch was more impressive.
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