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Copper & Crude Crash To 4 Year Lows
With all eyes focused on the malls around America, we thought a glimpse at two of the most important commodities to the world economy would provide food for thought...
Copper...
And Crude...
are at 4-year lows...
But you can still get a bargain stock at record highs...
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And bond yields crashing. Yeah, the world's economies must be booming...
JGB2y yield drops below zero for the first time. BOOMing !
World economy might not be booming but the US is.
Look at Texas, right?
what flavor is Obama's cock?
Gonna guess that it probably tastes like Reggie's asshole.
Buttermint?
We crashed some folks
Deflation before Hyperinflation...
Stack while you can folks.
I saw this headline. Copper down, crude down. Then I checked the silver miners and they're down as of this moment 7.6%. You would figure if the copper miners would cut back on production less silver would be produced by the silver as a byproduct mines. The drop in oil should reduce primary silver miner's costs. This should be positive for the primary silver miners. Maybe it's the Swiss gold referendum that's depressing the primary silver miners. Or lower inflation and demand expectations?
Ahh.. the lament of someone who still has some belief / faith in efficient markets in which fundamentals drive prices.
I'm not a macro trader, so I could be wrong in this one.. but this morning's trading looks like broad-based sector positioning by institutions moving billions. Transportation and consumer discretionary up, energy and commodities down.
One would think a collapse in crude equities wouldn't cause a nearly equal collapse in, say, natural gas names, but such is the case. Ditto for miners.
SWN is up, COG is up, both gas producers.
Copper crashing = plummeting demand for copper wiring = less new structures being built around the world = decling home sales. It's easy when you can put 2 + 2 = 3.999999999. Darn, it's always that 10th decimal place that gets ya!
Platinum is cheap relative to gold and dollars.
They should call black friday national sheep day. Nothing matters except material bullshit anymore. Oil can keep dropping too.
I'm going to go fire up everything I own that's got an internal combustion engine on it, in protest of low oil prices. And that's a LOT of things. I figure I can get us back up to about $78/bbl by the end of the day.
it's just new normal- small prices bad for economic
We did the same thing here in Europe to speed up global warming!
HALF OF OUR GOALS HAVE BEEN MET ALREADY!!!
1. We have the warmest winter ever recorded!
... to bad that a few third world country's have gotten the opposite and are freezing their balls off but that's just a small price for progress...
AND THE OTHER PART OF THE GOAL WE'RE AIMING AT NOW IS RAISING THE SEAWATER LEVELS SO HOLLAND FLOODS!
"... to bad that a few third world country's"
Last couple of years it has been cold in America, hasn't it.
:-)
@Sudden Debt: "Raising The Seawater Levels So Holland Floods!"
Well the good news is we have a nice dry vault waiting for their 120 tons of gold.
And we have scuba gear and patience ;)
It's because new cars all have windmills on their roofs and don't need gas anymore
And Obama has shot less children this year so they didn't need that much copper anymore
Don't forget the Silver chart ...... The last 3 days are just unreal !!
Oil majors are getting more attractive by the day.
If swiss gold fails this weekend, well monday will be interesting.... I think PMS have priced in its passing.....
Looks like China are laughing all the way to the BANK. Another nail in the coffin for their western counterparts.
USA USA USA
How far can crude fall? A question on every mall!
If the Opec is now saying to US : Shale Oil is now swing producer. Ball in your court.
What is the crude price to slow Shale plays to a stand still?
We'll soon find out !
In the meantime the question is can the $ based economy stand on its legs to stoke the US economy on cheap energy?
I don't believe my savings of $100 per month due to less cost at the pump is going to amount to a hill of beans in the big picture. As it is I shop 3 grocery stores a week to buy in volume to keep costs down. Now if you drop my rent $300 bucks and my grocery bill $200 bucks also, I might give you a booyah !
Hold the Gold....I pick up pennies
Yup, you said it, the RE all over the world belongs to Oligarchs and they make u pay thru the nose for its rent.
War Bubble?
- Did US Global War on Terror, stimulate the Economy, Drive the Price of Gas above $4 a Gallon, till War Spending dropped and gas storage & Gas Supplies were realized in Surplus by the Sleeping Public...?
- War Bubble, Massive Fraud, Massive Wall Street Systemic Accounting Control Fraud, Economic Crash, War Crash, Gas Bubble, Gas Crash, Economic Slow Down... Global Recession Part II
It will all ripple through. In flyover country rents are dirt cheap.
You are correct. Cheaper crude doesn't spur the economy - it disrupts it. Best way to bolster growth is to drop gasoline taxes. That makes it cheaper and returns money to the private sector.
manipulation is a wonder!!! 1us 1 equals 1,000 who knew. tired of the stupid crap yall. low oil prices equal lower prices at the pump
Japanese Yen continues to make new lows today.
Burl Ives claymation snowman, slowly swaying, begins to sing:
Copper and Crude
Copper and Crude
How do you measure its worth?
Just by the pleasure it gives here on Earth
And still Russian budget is cooked with 100$ per barrel. Nice Job Folks!
From what I've read and heard, the Swiss gold referendum doesnn't look good. It's been an all out blitz against the "YES" side (media, marketing, "experts"). We'll soon see if the Swiss people can see through the deliberate smoke screen.
Everyone in the world, free or not-free, SUBMIT NOW! A message brought to you by: The Oligarchs
ALL resources renew themselves, right?
SIlver slides too again, into the truck-backing up stage again
BUt I notice NO shortage of skin, buns and boobs ads here on Zerohedge.
. . . . but those derivatives priced oil at +$100 with copper and the like at double/triple the price so how's Goldman Sachs gonna square that. . . . ?
Messy, very messy indeedee.
Because, of course, Chuck Hagel leaving and a dipshit puppet-woman taking over the PENTAGON does not portend war. And of course war does not require oil, lots of it.
What a tangled web we weave.....
We don't require a Black Swan....any more than an avelanche requires a black swan ....it just needs the final snowflake which triggers the mass to reach a new stabilility ...albeit half a mile downslope. The swiss referndum will probably fail, but its snowing in France...and the germans are wondering where their snow shovels are.....
I created a petition on 'care2petition' re: 'Restore Canada's Gold Reserves' ....because i don't think its sensible for a G8 country to be 91st in total gold reserves. Its growling (slowly), and im learning to contact the larger world to push this petition.
In the end, the PTB will continue to spin their webs of deceit, fraud and intrigue...not even noticing the snow is falling.
http://www.thepetitionsite.com/405/184/709/restore-canadian-gold-reserve...
Many on ZH will applaud your for your efforts.
I don't have any insight here at all just been wondering about the shape of our Empire.
The English-NATO-G8-Japan-South Korea Empire is one of:
- International Treaties/Organizations, G7, G8, G20, Asean, WTO, UNESCO, IMF, WB, OECD, BIS, EU, British Monarchy
- CB coordination of Interest Rates & Carry Trade, and LIRP, ZIRP, NIRP, but Recently Japan has been a big link in the Coordination of Low Finance Cost
- US Military & US Congress Fund and Deploy the Biggest Military Force Globally, for the Benefit of Canada, New Zealand, Australia, UK, EU, G8
- Wall Street & London provide the Biggest Exchange Markets to allow Leverage of Quasi-Legal, Creative Accounting, Derivatives Trades, and unstructured Financial Activity
- So from countries with Borders, Zaibatsus, Conglomerate Cartels... We have created CB Sponsored Corporate Empires that Span Continents, with no borders, enforced by Banking & International Policy
What did I miss? Global Military, Global Policy Bodies, Global Central Banks, Global Financial Domination & Control,
Global Treaties & Treaty Entities, Marriage between Corporations, CBs, and Governments.
I think we have a response from the comex bullion players re: Swiss referndum: Gold down 1.5% SILVER down 5.5%.
GEEZ, YOUGUYS CAN'T TAKE A JOKE?!
Alibaba Massive Fraud
Unrelated, but I believe highly important none the less. We have some smart people on ZH and curious if anyone else has heard or read about this. I am hoping someone that has the time and resources can look in to this and do some homework.
I was listening to The John Batchelor Show one night about a week or so again. He is on the radio and can be found online. Incredibly well versed on many international topics and world history. I highly recommend you tune in to him when you have a chance.
In any event, he had three guests (from China) on and the discussion was surrounding a massive fraud at Alibaba. The story goes something like this. Alibaba is a marketplace and they collect a fee on each purchase from merchandisers that operate via their website. Alibaba understands net profits and margins are of little concern to Wall Street, but growth in revenues and now we are talking. Many multiples for "growth" in a global economy that is barely creeping along. So, Alibaba hires a network of thousands to simply buy and return products all day. If Alibaba held inventory this fraud would be somewhat more difficult to pull off, but with thousands of businesses connected to Alibaba it is very easy to hide the costs of labor and returns in underlying (most likely very closely held) companies. Afterall, billions of $'s in stock price appreciation will pay a lot of people to sit on a computer all day and buy and return stuff on their website.
This is massive securities fraud and according to the guests, the scheme is "well known" in China. Besides the financial statement fraud, one would have to wonder what type of due diligence was done by the investment bankers that brought Alibaba to market?
I don't know about you, but I think this could be a watershed Enron-like, Madoff-like story.
...ever hear of "The Billion Dollar Bubble" (http://www.imdb.com/title/tt0074206/)...film memorializes the scam at Equity Funding Corporation of America (EFCA) which collapsed circa 1973.
Believe it started as 'simple' accounting fraud, with a few bogus entries, to make earnings, then with the aid of computer technology expanded to a large scale and a range of frauds - fictitious policyholders and deaths reported, reinsurance, etc, - with the attendent violations of contract and securities laws.
Why isnt the Ministry of Propaganda pumping out an extra million words per day about the 'glut' of copper?