The Truth About Commodities, including Oil - Complete Speculation

[zdreg]

Quote from Cutten:

Lol, too true. I wonder how many wheat shorts will get credit in the media for helping to cap the price advance a couple of months ago, and cutting one element of food bills by 40% in a few weeks.

After all, if speculators are driving up the price of oil, then they must have driven down the price of wheat. You can't complain about the former and stay silent on the latter.

Not that this will matter to the socialist dunceheads on this thread.

some of the best traders are conspiracy theorists. I am not sure about socialist dunceheads unless they are also conspiracy theorists.

 

[ByLoSellHi]

Quote from dont:

"What’s been happening since 2004 is very high prices without record-low [oil] stocks. The relationship between U.S. [oil] inventory levels and prices has been shredded and become irrelevant."

— Jan Stuart, Global Oil Economist, UBS Securities

http://www.star-telegram.com/ed_wallace/story/659081.html

Sorry but know one will convince me that this time its different. Its a bubble plain and simple, problem is a lot of innocent people are being hurt.

Exactly.

 

[bstay]

You can read the entire testimony at http://www.mcadforums.com/forums/files/michael_masters_written_testimony.pdf

 

[libertad]

http://www.atimes.com/atimes/Global_Economy/JE24Dj03.html

 

[new$]

Oil and tomatoes are not going up as fast as your currency is being trashed.

 

[dont]

Quote from libertad:

http://www.atimes.com/atimes/Global_Economy/JE24Dj03.html

Thats quite an article!

 

[sttrader]

Another good article by F William Engdahl. His book is a pretty good read, too.

 

[robbie380]

the dollar? have you heard of it bylosellhi?

 

[limitdown]

Quote from thrunner:

Index Speculator Demand is Driving Prices Higher
http://hsgac.senate.gov/public/_files/052008Masters.pdf

outstanding work!

other additional facts:

1) Russia, India, China do not have as well developed road network as the US, and on per capita (per demand basis) usages of fuel (gasoline, diesel, etc.) their aggregated demand or consumption is not as significant as it is being lied about...

If they had thousands of paved miles of roads, then all their net new purchases of autos would matter, but at present their average usage and commute distances pale in comparison and hence their demand and usage of fuel do not pose as great a demand as it is being purported by the media.

2) China, India, Russia and other so called "on-line" countries still do not report net or aggregate purchases in the global markets, whether GDP, PDP, CPI or Fuel purchases and actual demands as other western / capitalist countries do. Hence it remains very easy for the price speculators (manipulators and financial media press) to lie and openly state that their aggregate demand justifies the insane and unjustifiable price speculations in fuel and fuel products.

3) The US will have to enact severe and punitive damages to the free market system or risk losing positive control of the populace through negligence. Free markets have always had to have severe and strong regulations imposed upon them so that the average consumer remains viable and not abused to the point of no repair, as is happening now under Bush II and his absent administration.

 

[new$]

Quote from sprstpd:


Amen, Amen, Amen

The fault of the meteoric commodity rise can be placed squarely on the Fed's shoulders. By setting interest rates artificially low and by pumping money into the system like there is no tomorrow, the Fed is the root of the commodity problem. If the US would have the courage to raise rates, watch how fast the commodities would drop. I wouldn't hold your breath though - nobody in the US has any cojones apparently.

I.e., even if there is no fundamental demand for commodities, I am sure going to place my money in them while the Fed continues to debase the currency.