No, farmers aren’t driving lambos and it would’ve been a spectacularly stupid idea to leave your NYC condo for a fucking farm house in Nebraska. Commodities are in the midst of being ‘normalized.’ The great inflation scare, spurred on by feverish Chinese growth and then Fed QE, has ended. China is back to being a garbage economy and the Fed is chilling, atop 100’s of billions in bond market gains, unrealized, from the dark days of 2009.
I felt it’d be apropos, given we’ve almost lapsed 5 years since Jim Rogers’ incredibly inane prediction on commodities, to have a look under the hood of the raw commodity complex.
Five Year Returns
Oil -56%
Natural Gas -82%
Sugar -52%
Uranium -51%
Cotton +14.5%
Coal -61%
Copper -28%
Silver -11%
Wheat -43%
Corn -35%
Timber +42%
Gold +7%
Palladium +21%
Cocoa -21%
Coffee -21%
Don’t fuck with Dr. Bernanke.
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FIG
Please, Fly, I’m the world’s worst market timer. That much is a certainty.
lol
“I’m the worst trader in the world. What do I know?”
Last month Rajun did a poll for oil and lowest we were able to pick was $48. I wonder if a new poll is needed and if $5 will be on it..lol
Insane
We are almost at the bottom..even if we see $42 43, we won`t stay there for a long time. And I know as I`m writing this, futures point to $45
Here come the thirties!
No more zero hedge,no more zero hedge
I mean it this time
Forget Zero hedge. Watch price. Price is warning us. Zero hedge was 6 years early. Useless.
Have to. Defend Zh.
(I didn’t even submit to becoming regular until this summer)
Useless, just a stretch obviously. I knew 2.5 months ago Crude was probably being used in some way, along with their ‘potential scenario’ pieces. Mainstream/Regular media has been telling us about the “Falling Pump” for 2 months. I work in/along broadcast news!!!And so much SHIT that would be important and I would want to know NEVER BEGINS TO MAKE IT to broadcast and only on…
Yes.
Z.
h
I don’t mean ZH is completely useless. Just don’t listen to their advice when trading.
Like what is the price telling us eggsactly?
Ya, but can you do an interview on a stationary bike?
Thought this post was gonna be about Chevy.
$FRO tho
We do drive lambos. Have you checked the price of your 2.5” ribedeye? Heavily salted indued.
(Spits into a spitoon)
Cotton pickin’ lumberjacks driving Lambos, wearin’ bow ties.
When does the stench of dead canaries matter? They are everywhere.
This post shall mark the bottom for the commodity downturn!
Shanghai Copper Bubble..we made it. BTW lol, Jim R would be the first to tell you that he is retired..Happy New Year Fly, Maybe I can finally see this all end..:-)
Whattya all think? Isn’t it a pretty good bet that the Saudi ‘royals’ (including Groucho) are intentionally driving oil prices down to hurt all their enemies?
-USA production in the Bakken
-Russia (they support Syria & Iran)
-Iran (developing nuclear bombs to threaten)
-those in favor of the Keystone XL pipeline (i/e those with a lick of common sense)
-alternative energy companies