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11:59 am
October 8, 2010
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Marblesonac
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|  Bronze Apple | posts 565 | |
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Stop bitching and start a revolution!
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12:18 pm
October 8, 2010
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pm97
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| Bronze Apple | posts 715 | |
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I understand the breif description at the bottom of graphs but I don't
understand the graphs exactly. They show the lock up price? I also am
not sure I understand the significance. Can you please elaborate?
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1:17 pm
October 8, 2010
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Marblesonac
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| Bronze Apple | posts 565 | |
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If you look at soybeans, here:
http://market-ticker.org/akcs-…..lerynr=345
You will see that the price started the day at 1065 per ton, it then went along until you see that spike in volume (blue verticle lines on bootom of graph) and price and it shot up (gapped up) to 1135 a ton, up $70 per ton in seconds. 6.57% in seconds, halting trading.
All the other grains had similar jumps….
It means that all your food and all the food that animals need just spiked up around 6% in seconds. Don't know what will happen on Monday, but my guess is more of the same…..
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Stop bitching and start a revolution!
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1:27 pm
October 8, 2010
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Marblesonac
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| Bronze Apple | posts 565 | |
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The USDA report earlier in the week that sent corn to a down limit, then the report a day or two later that sent it to an up limit remids me of the movie "Trading Places"….
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Stop bitching and start a revolution!
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3:12 pm
October 8, 2010
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Pete
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| Bronze Apple | posts 715 | |
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No Marble, definitly not good news. Gold still going up to boot. We know when the SHTF, this is exactly how it's going to happen; however, it is a little too early to know for sure if this is it. I appreciate the heads up though…will go to the bank and make some cash withdrawals to get a little extra ready. Monday is going to be very interesting.
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The United States' I grew up in no longer exists…click your heals, Dorothy: you're not in Kansas anymore!!
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4:24 pm
October 8, 2010
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Jarhead
| | Arkansas | |
|  Diamond Apple | posts 2326 | |
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I think as the dollar drops, all commodities will continue to rise.People are looking for a place to store their money. Oil is going up even as gasoline sales drop. Even cattle and hogs are up against precedents, cheap feed makes high cattle and expensive grain make cattle and hogs prices drop. All metals are up, not just PMs.
Oct. 8 (Bloomberg) — Commodity prices surged to the highest level in almost two years after the U.S. government cut its crop-supply forecasts and the dollar slumped on speculation the Federal Reserve will buy more debt to revive the economy.
http://www.businessweek.com/ne…..-debt.html
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" When a well packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and it's speaker a raving lunatic." Dresden James
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4:30 pm
October 8, 2010
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Justin Case
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| Bronze Apple | posts 647 | |
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Food prices are going up for a variety of reasons. Contrast this with an increase of 20 percent a year for the number of people on food stamps. One out of 8 Americans are now on food stamps, but one out of three Americans who qualify for food stamps don't bother to get them. If they did, the number of Americans on food stamps would increase from 40 million to 60 million.
Food Stamp Use to Keep Rising
Food stamps provide up to $133.77 per month of basic food, which is not that much money (I don't believe I could survive on food stamps if I ever had to). With food prices going up, however, the squeeze is going to get worse and hungry people might eventually get pushed over the edge.
I remember an incident back in the early 1990s (during the recession that was on at the time) when a homeless person crawled underneath a city bus and was crushed to death. It happened outside a grocery store just before I arrived there to do my weekly shopping (there were police cars all over the place that made it difficult to get into and out of the parking lot). I can only surmise that the person was turned down for a food handout at the store and decided to end his life at the bus that was stopped outside.
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5:06 pm
October 8, 2010
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Crab Apple
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| Bronze Apple | posts 860 | |
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Hmmm …… maybe I should go reread MW's Day 1 SHTF thread?
Not really thinkin so, but the dollar down, commodities up QE up to bat AGAIN or maybe STILL it will be interesting to see what happens as markets open Monday but I will be camping with my boys so I will be having fun in the woods unless something bad enough happens for Mrs Crabby to come get me.
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5:41 pm
October 8, 2010
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EN
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| Bronze Apple | posts 942 | |
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Well s**t, that is bad news. This could well be SHTF day 1. We might not know it yet, but this could start a serious landslide. It's also worrisome that most emerging economies are investing in commodities. It tells me that the Fed/Bond gravy train is more than done, its now officially a scam. 
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"Any intelligent fool can make things bigger, more complex… It takes a touch of genius to move in the opposite direction." Albert Einstien
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9:08 pm
October 8, 2010
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jamie
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|  Golden Apple | posts 1820 | |
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I just looked up SNAP (New name for food stamps) it's $200.00 per month for 1 person if you qualify (Federal not State). I budget about $100-$125 per month for groceries. It can be done. You have to do a lot of scratch cooking, buying only sales items and buying in bulk but it's doable.
I think I may actually qualify now for foodstamps. Just not sure if I want to apply.
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7:46 am
October 9, 2010
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Crab Apple
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| Bronze Apple | posts 860 | |
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Jamie,
If you qualify APPLY!
I am pretty sure any SNAP money you can get would be the best spent federal dollars in years.
I'm serious……. apply.
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11:35 am
October 9, 2010
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EN
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| Bronze Apple | posts 942 | |
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These programs exist and they're not giving the money back. It's not going to last for more than a few years, and I'd rather see you get it than someone else who's using food stamps so they can still buy that gallon of JB Brandy every other day. In fact anyone who's able should grab it why they can, just don't count on it. Take it as an advantage… while it lasts. And Crabby's correct. You will spend it wisely.
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"Any intelligent fool can make things bigger, more complex… It takes a touch of genius to move in the opposite direction." Albert Einstien
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9:44 pm
October 9, 2010
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Nomad2nd
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|  Core Member | posts 262 | |
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Crab Apple said:
Jamie,
If you qualify APPLY!
I am pretty sure any SNAP money you can get would be the best spent federal dollars in years.
I'm serious……. apply.
…And, if you have some moral objection, use it on storage food you can give away.
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10:31 pm
October 9, 2010
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EN
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| Bronze Apple | posts 942 | |
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Nomad2nd said:
…And, if you have some moral objection, use it on storage food you can give away.
Excellent Idea! That money might actually ending up going to something worth while, which I assure you it's not now. I watched a couple buy a shopping cart full of $2.99 a bottle wine, and pay for food in another shopping cart with food stamps. I immediately thought of this thread.
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"Any intelligent fool can make things bigger, more complex… It takes a touch of genius to move in the opposite direction." Albert Einstien
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11:51 pm
October 9, 2010
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jamie
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| Golden Apple | posts 1820 | |
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Well I'll go and apply guys. I don't like to think I sponge off anyone. I think I'd like a little bit of that Tax money back I have paid in all these years. I'll go for it. I may be wrong, but $200.00 on top of what I already spend prep to would be huge. Heck that would almost triple my food budget. If it works and I'm not reading stuff wrong on qualifications. I'll see what I can get and give you all a heads up on the red tape.
We'll see what happens I'll go hit them up Tuesday.
I am trying to donate now on what I make if I get a good buy on stuff. Only about $25.00 a month.
I really care what you all think of me! I don't want to be a person that says feed me. I want to stretch a buck. Hell I'm working to feed my family(with Moms help) at least 3 weeks-3 months. I don't think they deserve it, but it's family. I'll put to work for whatever they get. That's why Mom stores food at my house and not so much her house. Plus a few of them have some skills and a toolbox. My family is not evil they just have heads stuck in the sand. What does that expose?
Of course this is hoping my Mom's head doesen't explode before time. She was raise poor, Like no shoes or clothes poor. No welfare in the 1950's when she was growing up. I was raised with not having money but not poor. It's a big difference, Mom worked 3 pat-time jobs in the 70's after the divorce to make ends meet and not be on welfare. Taught us and bought encyclopedias and made us do book reports. All Summer long. I guess I got it, my Sister still doesn't get it.
I don't know what Double-mantle coleman lanterns go for? But one was left in the trash and I grabed it, in a carry case. 1 bad mantel and a bit of fuel and a busted globe. The lantern works just fine without the globe. Mantels require a backup at all times. I think I scored.
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9:03 am
October 10, 2010
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Pete
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| Bronze Apple | posts 715 | |
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Jamie, I'll quadruple that sentiment: that money is yours just as much as anyone elses (more so for your service to the country) and I would love knowing you're getting it than the bums I see in my hometown. Use to stock, take care of your family, and anything YOU want to see it spent on!
Now, back to the main topic, can't remember exactly where in the forum the link was posted on hyperinflation, but it did mention that the start of the stampede would be a 'blip' in the commodity markets. I'm not sure how the 2 interrelate, but the other thread on the halt in the foreclosure anouncements seems to me that the 2 are interlinked. It's kind of like focusing on something directly in front of you but out the periphery, you can see something else taking place behind the scenes…just can't make out what it is. I'm hoping there's someone out there maybe with a little more knowledge of the markets that could put this all in to perspective? Druid maybe?
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The United States' I grew up in no longer exists…click your heals, Dorothy: you're not in Kansas anymore!!
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10:05 am
October 10, 2010
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Marblesonac
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| Bronze Apple | posts 565 | |
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jamie said:
I really care what you all think of me! I don't want to be a person that says feed me.
I don't think anybody who knows you would think any less of you if you took the food stamps.
Go for it and good luck.
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Stop bitching and start a revolution!
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12:32 pm
October 10, 2010
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Crab Apple
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| Bronze Apple | posts 860 | |
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Pete,
Just a layman's take on the commodity thing you mentioned.
When the GURU'S in the "know" perceive that Government Paper is on the brink and start to put their money elsewhere, the logical place will be hard assets. All that stuff mentioned in Sourdoughs post this morning from grains to hides to metals ect….. because if they are essentially having doubts about the US government and economy, then buying stocks in US companies wouldn't make sense.
And if I understand the proposed scenario…. the Government will have to try to prop up the house of cards that our National debt has become by…… moving DEEPER into QUANTITATIVE EASING (buying Government debt with freshly generated government debt…. and that is even WORSE than it sounds).
Unfortunately for the can kickers…… once the GURU'S in the know sense that the Government is bailing ITSELF out by buying it's own debt (picture a sinking bass boat with the fisherman bailing for all he's worth but dumping the water from the front of the boat INTO the back of the boat) EVERYBODY will dump their Government Bonds and put that money into hard assets. That will create a situation where there is ALOT of money chasing limited assets which will drive prices up. That scenario would create massive inflation and could trigger a flight from the paper dollar to hard assets (like food fuel and firearms ect) and that flight from the dollar into hard assets would be the beginning day of HYPERINFLATION.
So the short answer is…… the relation to commodities going up being a possible signal of bad things coming is that when the GURU'S decide that preserving their capitol in tangibles is wiser than looking for profit OR stability from US Government Bonds THEN the Government Bonds are really on the precipice of a faaaaaalllllllllllll that will take the house of cards down.
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1:05 pm
October 10, 2010
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Sourdough
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| Bronze Apple | posts 730 | |
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Oct 7 2010 11:09AM
One thing that puzzles many people is the fact that all the conditions for inflation seem to be there. They are printing a lot of dollars, but inflation doesn’t seem to be taking off, though gold and silver are acting as though it is. But gold and silver are right, inflation is taking off.
First, let me define inflation. To the economist, inflation is not rising prices any more than wet sidewalks are rainstorms. Inflation is an increase in the supply of money. It should really be called dilution because it dilutes the value of existing dollars.
In fact, a more proper term would be “monetary inflation.” Monetary inflation is currently raging as the Federal Reserve is printing more and more money, and gold and silver are responding.
Price inflation is another matter indeed. Price inflation is the end result and trails monetary inflation. Monetary inflation is now rampant. Gold and silver, being smarter than you and me, are reflecting that by the increase in price and the big rallies we are seeing now. So inflation is here.
But what about price inflation? Price inflation has also already started. Look at the increase in commodity prices. How much longer do you think it will be before these higher wholesale costs filter down to the retail level?
For example, Agricultural Raw Materials are up 24%, The Mineral Index is up 25%, The Metals Price Index is up 26%, Coffee is up 45%, Barley is up 32%, Oranges are up 35%, Beef is up 23%, Pork is up 68%, Salmon is up 30%, Sugar is up 24%, Wool is up 30%, Cotton is up 40%, Palm oil is up 26%, Hides is up 25%, Rubber is up 62%, Iron Ore up 103%. Those are prices at the wholesale level.
As the price increases continue up the chain of production, is there any chance they will not cause price inflation? Do you think there is any chance at all that producers and retailers will not pass these costs onto consumers?
Let’s face facts. These cost increases will filter all the way through the system. Soon your paycheck will not stretch nearly as far. Monetary inflation is here. Price inflation is coming. Commodity price inflation is also here.
These are the reasons that gold and silver are soaring at the moment, as the price of gold keeps setting new highs. Silver has experienced extraordinary gains recently. The U.S. mint has raised their absolute pricing above spot on American silver eagles from $1.50 to $2.00.
Will Rogers, my favorite economist, said it best and I’ll say it again, “Invest in inflation, it’s the only thing that’s going up!”
By Howard Ruff
The Ruff Times
*****
Howard J. Ruff, the legendary author and financial advisor, has re-edited and re-issued his 1978 mega best seller, How to Prosper During the Coming Bad Years, still the biggest-selling financial book in history, with 2.6 million copies in print. He is founder and editor of The Ruff Times financial newsletter. The newsletter is much more comprehensive and deals with a broad spectrum of middle-class financial issues and includes an Investment Menu from which you can build your portfolio.The Ruff Times has served more than 600,000 subscribers – more than any financial-advisory newsletter in the world. You can get Howard’s current book, How to Prosper In the Age of Obamanomics free when you subscribe to The Ruff Times (http://www.rufftimes.com), or if you buy the book at your favorite bookstore, you can deduct $10 from the subscription price.
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LOOK: Start to get wrapped around the idea that it was over in the Fall of 2008. This is just the dying quivers. Stop waiting for "IT" to happen, "IT" already happened.
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8:58 am
October 11, 2010
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Pete
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| Bronze Apple | posts 715 | |
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Thanks for the input Crabby. I was initially wondering if the halt on foreclosures might have anything to do with the spike in commodity prices but this little tid bit from the Wall St. Journal report seems to explain what and why:
CHICAGO—The U.S. Department of Agriculture sliced its harvest projections for corn, soybeans and wheat, throwing fuel on a three-month-old commodity rally and deepening worries about rising food prices.
The agency's decision to cut its month-old corn projection by 3.8% startled traders, who had expected a far smaller reduction. Prices of corn-futures contracts at the Chicago Board of Trade soared Friday by their daily permissible limit of 30 cents. The corn contract for December delivery settled at $5.2825 a bushel, up 6%.
Not out of the woods yet but I don't think this is the 'dollar run' we're so 'anxiously' awaiting.
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The United States' I grew up in no longer exists…click your heals, Dorothy: you're not in Kansas anymore!!
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