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AJ, the case for 4$ copper is here in Barron's.
http://online.barrons.com/article/SB120553482727937947.html?mod=9_0031_b_this_weeks_magazine_columns
It's a dollar bubble, not a commodity bubble!
Socialist housing stamps. Socialists never cut benefits, they just destroy a currency!
You are spot on! No dummies left behind.
The Gartman leter had an interesting quote this AM:
" The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries." Winston Churchill
Rick Santelli just said it all: "In a capitalistic society the government should not be buying mortgages, unless of course, you put a hammer and sickle on the flag."
I fear we will reach the same endpoint with all this socialism that China and Russia did; i.e bankruptcy
S&P just announced we are near the end of the writedowns!
HES rolling for me but I feel so sad that the world lost ZEEV!
Bradley turn was 3-8 to 3-8 and this could be the start of McLarens 60 day rally. BWDIK just a guess. Bought HES as RS held on 30 day 60 minute in the selloff yesterday.
O/T Let's increase those social programs!Not only dumb, but arrogant.
http://www.dallasnews.com/sharedcontent/dws/dn/opinion/points/stories/DN-jacoby_09edi.State.Edition1.13a3112.html
Earth[the Sun] in the balance. We need to blow CO2 up some pol's asses.
http://ibdeditorial.com/IBDArticles.aspx?id=287279412587175
Bob Pisani saying it could have been worse! Apparently optimism still firmly ingrained.
AJ, I'm wondering how many other cities are in this position!
Cockroach infestation of the Black Swan variety, eh.
Birmingham Ala. Bankrupt!
http://online.wsj.com/article/SB120484097814717643.html?mod=todays_us_money_and_investing
Are the margin calls just beginning?
http://www.latimes.com/business/la-fi-credit7mar07,1,4517356.story?track=rss&ctrack=1&cset=true
Stock market is the tail of the dog and the dog got run over:
http://www.commodityonline.com/news/topstory/newsdetails.php?id=6048
AJ, You think this will be the day of the market puking? MELI stellar earnings. Look at JRJC earnings; I went long this but added to SDS this AM
Social democracies will reach the same end point that China and Russia did.R&C learned. All the remaining presidential candidates are Socialists. It will just us longer to reach bankruptcy as it takes longer for democratic governments to totally take over the economy. It is happening as every year the goverment gets bigger and less efficient.No dummies left behind, a rallying cry for Socialists.
Metal fill HI!
SQM is the largest producer of lithium. It has had a fabulous run, however.
Interesting that GS called this AM for improved fundamentals for copper going forward. {Reported on CNBC this AM} I did not see their report but it reminded me of their call of a top for gold 3 months ago. In any case I am watching copper and if it breaks 4$ I will be a believer in decoupling!
CDE breakout with 18% of float short.Silver over 20$ with silver stocks lagging. Time to catch up for SLW,CDE,PAAS?
OT:Maybe the Nobel for Gore will be like the CY Young for Clemens.All right out of the Black Swan.
US Out of Control:
http://business.timesonline.co.uk/tol/business/economics/article3451136.ece
Judging by the way commodities are behaving, it's true.
AJ, It appears to me there are two distinct markets at work here. Inflation plays and then the rest.
APA,EOG,UPL,XTO e.g. GG,AUY,AEM PAAS
What do you think of Copper about to break 4$? It's breaking out on the chart now.
MELI went down with the market. Target is 48 in the gap.
Took a good sized position in MELI as it broke out on 60 minute chart. You guys are grrrrreat!
Tuna, MELI looks to have bottomed. Long at 36.
Hello Metal fill'
No CO2 would be produced if we used nukes to provide electricity for electrolysis of water to make hydrogen; you are correct if they continue to insist on getting hydrogen from NG.Nuclear electricity for battery cars seems like an even better path. No CO2 here either.
Russia, china and even Argentina and Brazil building nukes now. Doubt we have much a chance as our lawyer politicians are in the dark.
http://www.321energy.com/
Read the articles under nuclear!
Thanks for your input. My 20% long is PM and small OSX position. Debt situation so extreme that it's almost like a food banquet where the parties are so full, that even if food were given away they don't want more. Satiety and sanity have kicked in. Fed basically powerless in this situation IMO.
Just speculation, but possibly monoline rescue failing.
Went to 80% cash.
Fed says no inflation;oil and metals and softs saying you're full of crap! NG in its own bull:APA,KWK,CHK,EOG,COG.
Thanks for the 7% thumb. FWIW NG stocks breaking out of 2 year bases: KWK,CHK,UPL,EOG. Picked up some KWK at 31.98 Friday.
AJ, IMO commodities go much higher and carry the SPX somewhat higher.65% increase in iron ore. Oil to go over 100.
http://online.wsj.com/article/SB120331883691774781.html?mod=hpp_us_whats_news
AJ, I wish I knew what that meant! Ignorant eh? HES and OXY look like they want higher.
AJ and all the rest: Thanks for keeping me out of trouble!
Schaeffer's maybe pushing to the sell side!
http://www.schaeffersresearch.com/commentary/content/schaeffers+short+takes+examining+key+support+for+the+sp+500/observations.aspx?click=home&ID=82549
AJ, I was looking at the July and August highs as support at the top of the old box. STP and then also the volume today so far.
Rich, I just check the site periodically. Just bought STP below 46.
AJ, Thinking STP and CY have hit bottom owing by the volume and prior major support. Any opinion?
I don't subscribe to McLaren;picked up on him from you.Have the site bookmarked and check periodically.