I hadn't considered the fact that the article would drive our pellet prices up - interesting observation.
This afternoon a lot of stocks are trading nervously on the news of a potential incursion into Ukraine by Russia. I heard CNBC say that the prices of oil company stocks were moving up as a result.
It occurs to me that if there really is to be a military action of any scale that involves the US (or its allies) that gets ramped up in ANY fashion, the call for production of defense equipment will be justified once again (likely at the expense of the US taxpayer...). What does it take to make a lot of these defense related vehicles and equipment? Steel of course. Yet the price of CLF sure does not behave like this might happen.
Maybe the reality of this will sink in over the weekend.
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