Author Topic: Just commodities  (Read 131299 times)

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charlesoakwood

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A
« Reply #80 on: June 24, 2011, 03:17:03 PM »

Sources say it's the relief from fear created by the lowering price of oil.  If that's all it is they are idiots.
Bahmnake released just enough to recover from his terrible latest poll slump. More C&C economy. This is the carrot part of QE3.

Libertas must be Crappie fishing again and TitanTrader hasn't darkened the door since he got fed up with BananoBot.


Offline Libertas

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Re: Just commodities
« Reply #81 on: June 27, 2011, 07:25:35 AM »
Freezer is full of fish, there will be a fish fry on the 4th!   ::whoohoo::

As for gold, there has been some margin calls...again.  I know Soros was selling some paper-based positions and buying up mining companies, haven't heard if that Sith Lord is up to anything else, but that's too much for me anyway!  A POS like that owning the means of production!  
 ::speechless::

For oil, here's a good take.  Demand is slack anyway with depressed economies, the SPR releases are largely political in nature, the trend was down for oil at the time they announced this, so outside of short-term manipulation there was no reason for it.

http://www.zerohedge.com/article/poorly-timed-spr-oil-release-could-cost-us-taxpayers-15-billion?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
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Offline Libertas

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Re: Just commodities
« Reply #82 on: July 07, 2011, 07:06:16 AM »
SPR follow up...

http://www.zerohedge.com/article/spr-backfire-trade?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Getting past the fear-mongering of oil companies in his lead in (I do not view oil companies as bad guys!) the price analysis seems right to me and proves this move was purely political, but the PTB's in The Regime fail to realize how short term and artificial a drop in price at the gas pumps is.  What are they gonna do, slowly bleed the SPR empty through election day?  Something so obvious cannot go unchallenged, but The Regime is caught between damnation and hell and they will be desperate to manufacture ways to sprinkle candy on turds in this economy any way they can!
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charlesoakwood

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Re: Just commodities
« Reply #83 on: July 07, 2011, 10:22:37 AM »
[blockquote]
Quote
Your average large crude carrier has an operating cost of $60,000 per day. It takes 10 extra days to deliver crude at the LOOP [Louisiana] versus Rotterdam (5 days in, 5 days out). Therefore there is an opportunity cost of $600k to make a USA delivery.

This is the equivalent of another 65 cents on the Brent spread. As of today the adjusted Bent/LLS discount is $3.85. That comes to about $4 million on a 1mm brl. [one tanker ship] cargo.

The obvious conclusion from the Greek shipper is that cargoes are going to be diverted away from Louisiana as result of the negative spread. There is big money to be made.
[/blockquote]

Obama, ever the businessman, looking out for America.\



Offline Libertas

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Re: Just commodities
« Reply #84 on: July 07, 2011, 11:19:22 AM »
Obama, master of the "negative spread"!

 ::unknowncomic::
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Offline Libertas

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Re: Just commodities
« Reply #85 on: July 13, 2011, 10:02:20 AM »
Gold is up, and silver is really up!

I guess people see the PTB's lining up to make all the same mistakes some more and the value of the dollar is going to crap itself again...

Misght as well own somehting real!
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Online ToddF

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Re: Just commodities
« Reply #86 on: July 14, 2011, 07:33:52 AM »
Yep, all headed up again

Gold - $1,590
Silver - $39.00
Oil, WTI - $98.24
Gas, wholesale - $3.13 + taxes

charlesoakwood

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Re: Just commodities
« Reply #87 on: July 14, 2011, 10:56:20 AM »

Read it all at: LINK

[blockquote]
Quote
The DX is 78.3% comprised of European currencies, with the Euro itself being the majority of the entire basket. Thus, if Europe collapses and we collapse, we will both be sucking together, but the relative mathematical relationship between the currencies might not change that much. If The Captain jumps out of a plane and two seconds later Toni Tennille jumps out of the same plane, they will be plummeting toward the ground at the same speed with only the two-second lag between their respective jumps between them. But they will both be falling.

So, if today a loaf of bread in the U.S. costs $3.00 and that same loaf of bread costs 2.13 Euros, that means that the Euro exchange rate is 1.41 Euros per Dollar.

If our economies implode and hyper inflation kicks in, that same loaf of bread might cost $3000.00 and the loaf in Europe might cost 2200.00 Euros. That would be an exchange rate of 1.36 Euros per Dollar. That's not much difference on a relative basis, huh? Does that mean that the Dollar has strengthened against the Euro and therefore everything is awesome? Of course not, but that is EXACTLY the line of taurusfimus that the *Combine would get on TV and spew.

So how do we measure these fiat currencies as a whole? How do we cut the taurusfimus and get down to the nitty-gritty? WHAT IS THE NITTY-GRITTY?

Gold.

We know that all fiat currencies all over the world are getting their butts kicked collectively and that inflation is happening even though they are strengthening relative to the Dollar because Gold is $1580 per ounce. The whole thing is collapsing with the Dollar leading the way simply because it is historically weak relative to the basket. Yes, the Canadians are loving the relative relationship to the Dollar, but the entire system is still falling. And in my $3000 loaf of bread example, gold would probably be trading for something like $1,600,000 per ounce assuming a very simplistic linear relationship. That would tend to get people's attention, don't you think?

Now do you see why Bernanke wants to delegitimize gold and denied that it was money today? Gold is what shines the light of truth on our economic and inflationary situation. Gold is the bottom-line metric. If the Combine can get rid of or otherwise suppress the measuring stick, they can convince The Captain and Toni Tennille that they aren't falling, everything is fine, and no, you don't need to deploy a parachute, because LOOK! You aren't moving relative to each other, so therefore you must not be moving at all.

Love, love will keep us together, think of me babe when . . . SPLAT.
[/blockquote]

Captain and Tennille - Love Will Keep Us Together

*THE COMBINE

A combine is defined as a combination of persons or groups for the furtherance of their political, commercial, or other interests, as a syndicate or cartel.


Offline Libertas

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Re: Just commodities
« Reply #88 on: July 14, 2011, 11:36:41 AM »
Ann is feisty, and pointing out the neked truth is a lot more entertaining coming out of her mouth than mine!
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Online Pandora

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Re: Just commodities
« Reply #89 on: July 14, 2011, 03:38:45 PM »
"Taurusfimus".

I only needed to read that word to know it was her without checking the link.
"Under certain circumstances, profanity provides a relief denied even to prayer." - Mark Twain

"Let us assume for the moment everything you say about me is true. That just makes your problem bigger, doesn't it?"

Offline Libertas

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Re: Just commodities
« Reply #90 on: July 15, 2011, 06:46:56 AM »
Yeah, that's definitiely an Ann identifier.

That and the way she likes to swoop in for the kill.

 ::thumbsup::
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Offline Libertas

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Re: Just commodities
« Reply #91 on: July 18, 2011, 06:50:51 AM »
The latest peak at the numbers.

With QE3 and stagflation on the horizon it will be ready for another big runnup shortly.  2012 could be a banner year of buffoonery as the Ruling Class goes hog wild with all manner of witch-doctoring in a last ditch effort to save their bacon!

http://www.zerohedge.com/article/gold-1602-silver-over-40-launch-another-risk-week?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
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charlesoakwood

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Re: Just commodities
« Reply #92 on: July 18, 2011, 10:18:50 AM »

Quote
Unless a miracle appears out of nowhere to save the Eurozone and its fake paper currency, we expect $2,000 by the end of the year in gold, while silver should promptly regain its all time nominal highs of just over $50.

$2,000/$2,200 in 1980 dollars is about the Jimmy Carter high.


Offline Libertas

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Re: Just commodities
« Reply #93 on: July 18, 2011, 11:14:57 AM »
Welcome Back Carter...the ObamaDepression...whatever you call it I hope all those SOB's that voted for this POS get their asses kicked!

 ::rockethrow::
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Offline Libertas

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Re: Just commodities
« Reply #94 on: July 19, 2011, 06:49:12 AM »
A short and relatively bland posting by Tyler on ZeroHedge about gold, but the comments are entertaining and some are even interesting.

http://www.zerohedge.com/article/guest-post-gold-and-stocks-love-inflation-right?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

This post on Seeking Alpha about Platinum is worth a gander...seems to be some indications pointing to a run up in that market, the analysis is sound but as in many cases it could use more confirmation of data, but in this business acting on the information you have and using your best judgement is often all you have, otherwise events will overtake you...which can make your financial positions tenuous as well.  Fortuna favet fortibus.

http://seekingalpha.com/article/279791-why-a-large-upward-price-movement-in-platinum-is-ahead?source=feed
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Offline Libertas

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Re: Just commodities
« Reply #95 on: July 22, 2011, 07:22:35 AM »
Good info on silver market.  Much of this will either be too esoteric or maybe repetitive for folks, but my main takeaway is this - "At some point, the market will wake up to the fact that silver is in much shorter supply than current appreciated. At that point, the price will go much, much higher."

http://www.zerohedge.com/article/guest-post-david-morgan-silver-price-manipulation-delivery-default-supply-shortage-risks?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29


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Offline Libertas

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We are now where The Founders were when they faced despotism.

Offline Libertas

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Re: Just commodities
« Reply #97 on: August 02, 2011, 11:54:01 AM »
PM's rising again.

http://www.cnbc.com/id/43979108

Just wait till QE3 starts...

Au up $23 today, Ag up almost $1.

Perhaps the morons should raise the credit card another $100T, I bet I could see some real movement then.

/

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charlesoakwood

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Re: Just commodities
« Reply #98 on: August 02, 2011, 06:45:57 PM »

Comex Gold Extends Record High As Equities Tumble

Comex gold kept extending its record high in after-hours screen trading as investors sought a safe haven for their money as equities broke lower. The S&P futures have fallen below their 200-day moving average and the Dow Jones Industrial Average is below the psychologically important 12,000 level, leading to buying in gold, says Charles Nedoss, senior market strategist with Olympus Futures. The market is showing disappointment in the budget and deficit-ceiling bill that has been signed into law, he says. “Now it’s done and you have both sides realizing in 11th-hour deals, nobody gets what they wanted and you probably get the worst deal you could put together,” Nedoss says. Further, the stock market already was still reeling from a weak report on consumer spending. Nedoss points out that both the dollar and gold have risen rather than trading inversely to one another, reflecting a safe-haven trade. As of 4:04 p.m. EDT, Comex December gold was $37.20 higher at $1,658.90 an ounce. It peaked at $1,661.80, a record for a most-active contract.


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