Stock market tanks a bit and all assets go with it. This ugly action has been repeated itslef several times - but has given great opportunity to re-enter long positions on commodities - but to me it means very few hands with deep pockets control everything.
No matter how much unlimited military hardware or financial support any army has, that army will never ever win a war against peasants in a war of heart and mind. Never before, now or in future will it ever happen !!!
If you are asking yourself or someone is $50k or $5k enough to trade full time or make a living - you have answered the question yourself - eeeh you haven't spent enough time in the trenches to know the difference between theory and reality - Enjoy:D
New Wheat Daily Price Limit
Effective For Trade Date Wednesday, February 27, 2008
For trade date Wednesday, February 27, 2008, Wheat Price Limits are as follows:
CBOT Wheat and CBOT mini-sized Wheat $1.35
KCBT Wheat $1.35
MGEX Wheat $2.02 ½
I dont have any theory to back up my views but just looking at the rates not only is it steep but its even getting wider. See chart, the green is 30 year and the purple is 10 year.