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Commodity Trading Discussion Forum
Demand for grains, metaals.....and stocks
Posted By: Seall In Response To: Re: So was oil price at $147/b due to demand !/Lee (Seall)
Date: Friday, 10 October 2008, at 6:25 p.m.
So who started eating less bread and tortillas in last two weeks to account for severe fall[560-408] in grain prices...
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And now if a news hits the wires that Japan places a tender out to buy wheat and China follows to take advantage of low prices and beginning of demand rise, Chicago wheat WILL go up in less than 24 hrs, before even a deal is signed to actually export wheat outa USA...Is that really a demand created in those 24 hours or a 'hope' suspicision leading to 'speculation' some call investments the others call hedging...
Where are those hedge funds meant to provide a 'hedge'/fence for my investments...its not even January yet for a 'Blizzzzzzard', their fences re long gone..sometimes they make money ...taking out of market other times they lose giving cheap commodity/stocks; when their asses are force to sell at a loss, like now.....look at GE, the div yield is/was more than 7%, heavly diversified company.
So the hedgies exited ...some one with dough and guts came in and grabbed it, up 13%, ie + $2.49 to 21.50. So has the demand for GE products ve gone up in last 3 hrs of trading today...maybe ! Watch Monday some back/fill before we form a base after we hear the G7 dialogue from Hank Paulson's chamber in few minutes. Can Hank create demand for GE products...
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