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The commodity sector is lit up bright red - the markets (stocks too) apparently waiting until...

The commodity sector is lit up bright red - the markets (stocks too) apparently waiting until today to throw a tantrum over disappointment on no new QE. GLD -2%, SLV -3.6%, Copper (JJC) -2.2%. Crude oil takes out $80/barrel and more, now at $79.45, USO -2.1%. Corn -2.8%, Cotton -6%.
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Comments (10)
  • 1mp1r3t4
    , contributor
    Comments (326) | Send Message
    Must be because the USD is strong, inflation non-existent--as evidenced by the near-zero discount rates, FED-manipulated UST interest rates at Treasury auctions, and economic growth climbing across the country, since "private enterprise is doing fine!" There's an old saying, "In the country of the blind, the one-eyed man is king."
    21 Jun 2012, 12:42 PM Reply Like
  • fakeit
    , contributor
    Comment (1) | Send Message
    This gets old quick. One person says or doesn’t say something and gold is either up or down. Seriously if Obama gets reelected I will keep my gold and silver. The day Romney is elected I am selling everything and sitting on the sidelines to see what happens. Romney wins knee jerk reaction will be that the world’s economy will improve and it will short term... then reality will set in. Investing is not based on facts it’s all emotions.
    21 Jun 2012, 12:49 PM Reply Like
  • Tao Jaxx
    , contributor
    Comments (1477) | Send Message
    What was that that Marc Faber said the other day? "Buy commodities now or you'll hate yourself". Hope he has storage capacity left to average down.
    21 Jun 2012, 02:49 PM Reply Like
  • Tao Jaxx
    , contributor
    Comments (1477) | Send Message
    I stand corrected, was actually Jim Rodgers. Hard to tell talking heads apart...
    22 Jun 2012, 09:09 AM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (2014) | Send Message
    I waited to sell off my euro shorts and did so at 1.24, (really,check my posts here on SA) and am chomping at the bit to go with DRR again. Now I am suffering the with the things I hate the most, STOCKS. My REITs are all up today except CIM, and that is my own fault, HOWEVER, I did wait for my stop to get hit, and it did while I was out on the boat, So as I returned, CIM was 4 cents below my stop, and I was getting ticket ready to exit and it popped up to above my mental stop so I am still in by one penny... hope it holds.


    I have been holding off buying PM's as I "knew" they were still a bit weak, but even though we are lower, we must be near a rise in PM's at any moment. But, no gotta bees. ZSL still going strong. As long as that dollar holds above 79.90, hold off buying PM's Below that, start adding. I have already one third of my NW in PM's and I am not happy with that. I WANT MORE!


    Out of breath


    Capt. Brian
    The Lost Navigator
    21 Jun 2012, 03:24 PM Reply Like
  • WHN_fan
    , contributor
    Comments (134) | Send Message
    Falling commodity prices, job and GDP growth and Bernanke saying QE3 hasn't been ruled out, all make me think we're going to see it. Next meeting in eo July. I'm buying low cost gold producers like Allied Nevada and Goldcorp. Also been buying Westhaven Ventures as it's a spec play with great management and interesting projects. Good luck!
    21 Jun 2012, 03:31 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
    Expect commodities to trade much lower, look for opptys or short on the way down.
    21 Jun 2012, 04:27 PM Reply Like
  • David Jackson
    , contributor
    Comments (1263) | Send Message
    Interesting that the coffee ETN was up so much yesterday:


    Any thoughts why?
    22 Jun 2012, 01:50 AM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (553) | Send Message

    22 Jun 2012, 06:56 AM Reply Like
  • David Jackson
    , contributor
    Comments (1263) | Send Message
    That explains it - thank you Stephen.
    22 Jun 2012, 10:44 AM Reply Like
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