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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (71425)	12/5/2009 10:52:43 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 74559

It's amazing how price rises are blamed on speculators. There might be speculation which exacerbates price moves such as in the speculative housing bubble and the biotelecosmictechdot.com bubble, but the price of garlic overall is related to the cost of production, not what speculators do. If speculators buy a truck load hoping for higher prices, and they miss selling at the peak, they will find themselves unloading at a loss. Garlic has been ridiculously cheap for years in NZ. I have tried eating a lot, but even at free [which it nearly is] there's only so much of it I can eat. Garlic prices could reasonable quadruple and still be cheap. Mqurice