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


To: GST who wrote (63010)6/7/2006 6:57:36 PM
From: gregor_us  Read Replies (2) | Respond to of 110194
 
Agreed. But, as we know, the FED does not have a Neutron Bomb. It only has an A-Bomb. They can't therefore target commodity prices, and leave the other buildings standing.

The number one global commodity, Oil, remains unmoved (imo) by these developments so far.

True, BOJ actions can effect the most egregious aspects of commodity speculation. But Copper, for example, may already be finding its more functional rhythms again--after having blown out players on both sides (Big Banks and Specs).

As they would say in Britain, the FED targeting commodities is "a mug's game", imo.

I think it's better to let those markets zoom and crumble under their own dynamics. Copper was due, that's for sure.

If Ben sees no value in keeping the ball rolling, I'd like to know that as soon as possible.

Best,

LP