Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (264762)	10/26/2003 7:33:14 PM
From: Mark Adams	Read Replies (1) \| Respond to of 436258

I guess I'm thinking in terms of Iron Ore, Coal, Nickel, Copper, Aluminum and what not. Maybe even Wheat and Soybeans. Is there any commodity not priced in Dollars? From what I've seen, global producers suffer when the dollar drops, as their revenues decline in local currency terms, while their costs do not. This suggests there are distributed corporate/sovereign interests which prefer a gradual/smooth adjustment over dislocation. Hedge funds might prefer an abrupt change, as this turmoil might create more mispricing opportunities, if not outright bankruptcies and asset transfers. Forward sales contracts and hedges might mitigate this some.