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nelson1234

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nelson1234

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Re: nelson1234 post# 76178

Monday, 08/24/2020 7:08:47 AM

Monday, August 24, 2020 7:08:47 AM

Post# of 117016
Lumber Prices, closed at $831 on Friday. On April 1, price was $260. Hyperbolic move. Why..? Certainly lumber fell very low during Covid spike down in March/April. But the rebound is just crazy. Don't know if its near all time highs, but its at a fifteen year high. Amongst other commodity types, only BDI makes these kinda moves without any other kind of external shock, as far as I have seen.

Take a look at the 5 Year Lumber Chart on this page: https://www.nasdaq.com/market-activity/commodities/lbs

Amazing Grace:

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