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.

Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (29441)	5/7/2004 12:43:24 PM
From: russwinter	Read Replies (1) \| Respond to of 39344

<I need to rethink.> As I've said, you have a distorted markets dominated by leveraged specs and hedge funds. They've made a play thing out of this situation with their absurd reflation trade playbook. I'm hoping they get somewhat short, that'll be fun. <Could it be that the economy is about to implode and take commodity prices with it? > You have price rationing going on in energy, but not in metals. It's hard for me to imagine that $1.18 Cu and $4.85 Ni is the rationed price, as they run out (about now). Clearly the demand for copper for instance, is still there, as combined LME and Comex inventories have dropped another 75,000 MT over the last thirty days. Just track it here, tick, tick ,tick, BOOM! kitcometals.com <Is it possible that the Fed won't or can't pull another rabbit out of the hat to keep the bubble going?> IMO the bubble has been pricked and the air is seeping out, but this has little to do with it now. That's the spec playbook, and it's the wrong one. Today it's about having enough product around for maintaining subsistence and normal economic functions.