No do-overs or take-backs. I buy corn every week - some for the ducks, chickens, and giuneafowls, but the majority of it goes to the cows.
Though we don't always see eye-to-eye, I harbor no ill wishes and genuinely wish you the best in your endeavors.
Cheers, >>
Well said. My families farm is bringing in a record corn harvest this year but of course commodity prices are down.
>>
Yup...Manipulated Conspiracy at work. Bumper crops have nothing to do with the current prices. Just like gold & silver...................unthinkable that supply & demand could be the reason.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>Yup...Manipulated Conspiracy at work. Bumper crops have nothing to do with the current prices. Just like gold & silver...................unthinkable that supply & demand could be the reason. >>
Supply and demand determine physical metal prices as well. Unfortunately any hard commodity traded on the futures market is under the influence of a pricing system that is based on promises to buy and those promises can be sold back before having to actually buy. Great system if one wants to control the price of the hard product. Terrible system for true price discovery based on actual supply and demand for the hard product. Advantage is that it does offer lower hard prices in the face of increased physical demand. Disadvantage is the physical buyers having to wait for the paper promise market to reach it's Ponzi moment when all those promise can't be honored. Until that moment arrives, and it will, keep on stacking at discount prices.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Supply and demand determine premiums to the spot/paper price mechanism for phyzz pricing, There is very little demand now for pm's, and has been such for awhile now... Notice the big hit on gold bullion bids from the majors...
You are absolutely right. I prefer to look at the price of gold in terms of equities, real estate and other assets. Its been getting its heiny beat. And silver even worse. But thats ok, because I havent sold any so I havent lost and someday I will be able to trade an ASE for a side of beef.
Comments
For once, the majority guesses were correct.
Au.............$1271
Ag.............$19.20
9/11
Au................$1238
Ag................$18.61
9/24 ( 20 days later )
Au..............$1219
Ag..............$17.61 ( Silver hit a low of $17.28 on 9/21) Has it bottomed out?
Just bought CORN.
Knowledge is the enemy of fear
<< <i>
<< <i>Oh $hit, im changing my mind then.
Just bought CORN. >>
No do-overs or take-backs.
Though we don't always see eye-to-eye, I harbor no ill wishes and genuinely wish you the best in your endeavors.
Cheers, >>
Well said. My families farm is bringing in a record corn harvest this year but of course commodity prices are down.
<< <i>
<< <i>
<< <i>Oh $hit, im changing my mind then.
Just bought CORN. >>
No do-overs or take-backs.
Though we don't always see eye-to-eye, I harbor no ill wishes and genuinely wish you the best in your endeavors.
Cheers, >>
Well said. My families farm is bringing in a record corn harvest this year but of course commodity prices are down.
Yup...Manipulated Conspiracy at work.
Just like gold & silver...................unthinkable that supply & demand could be the reason.
<< <i>Yup...Manipulated Conspiracy at work.
Just like gold & silver...................unthinkable that supply & demand could be the reason.
Supply and demand determine physical metal prices as well. Unfortunately any hard commodity traded on the futures market is under the influence of a pricing system that is based on promises to buy and those promises can be sold back before having to actually buy. Great system if one wants to control the price of the hard product. Terrible system for true price discovery based on actual supply and demand for the hard product. Advantage is that it does offer lower hard prices in the face of increased physical demand. Disadvantage is the physical buyers having to wait for the paper promise market to reach it's Ponzi moment when all those promise can't be honored. Until that moment arrives, and it will, keep on stacking at discount prices.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Au.............$1271
Ag.............$19.20
9/11
Au................$1238
Ag................$18.61
9/24 ( 20 days later )
Au..............$1219
Ag..............$17.61
10/3 .. 1 month later
Au........$1,193
Ag........$16.84
<< <i>[ >>
Looking at the gold price moving up and down in US dollars is something like sitting in a rowboat on choppy waters believing that it’s the beach that’s moving up and down.
Cheers, >>
You are absolutely right. I prefer to look at the price of gold in terms of equities, real estate and other assets. Its been getting its heiny beat. And silver even worse. But thats ok, because I havent sold any so I havent lost and someday I will be able to trade an ASE for a side of beef.
Knowledge is the enemy of fear
Low was on 10/3 @ $16.84
<< <i>Oh $hit, im changing my mind then.
Just bought CORN. >>
Sold the CORN a week ago. Made about 5%. Thats about 75% annualized.
Knowledge is the enemy of fear
<< <i>Has silver bottomed out? My gut feeling is that it will retest the lows within the next 2 weeks. If not, we may have seen the bottom.
Low was on 10/3 @ $16.84 >>
I am also leaning more on that side of the fence.
Knowledge is the enemy of fear
(as I type silver @ $16.40)
Liberty: Parent of Science & Industry