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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Gofer who wrote (10442)3/19/2004 8:59:00 AM
From: Condor  Respond to of 110194
 
You hoard, you hoard, you hoard. Prices skyrocket, consumption stops, hoarders need to dump and prices drop. Everyone was burned and some sanity returns to the marketplace.
High prices are the solution to high prices.
I am even very suspicious about copper and the focus on declining inventories as being the barometer. Just when you think you've got it figured out............
I saw this happen in 2000 with Nickel and declining LME inventories. All of a sudden to my shock and horror, the decline stopped (prices were rocketing) and a degree of equilibrium ensued.

Cheers

C