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For more than four decades, the Commodity Futures Trading Commission, the independent futures and options markets regulator, has been detailing futures positions of hedgers (commercials) and speculators (non-commercials) in its Commitment of Traders report. Hedgers are those traders who are engaged commercially in the cash market -- farmers,
for example -- and use the futures markets to hedge their production.
`Asset Diversification'
With the popularity of long-only commodity index funds and the prevalence of total-return index swaps, the definition and quantification of speculation has changed, according to Jim Bianco, president of Bianco Research in Chicago.
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I think the main thing about the Bloomberg read is its entering 'mainland media' now many have been well aware of the excesses for quite a while. In 1998 1999 at the lows I stated you cannot have an inflationary boom because of such large debt in the system. This is an asset boom in commodities and it is now ending.
But, the real kicker in the behind as we are starting the debt contraction in play now, we will then have a great setup up for a major inflationary boom to take place once the debt contraction is completed which made take a ½ decade or so, could be sooner in fact as the way we are going and if the US dollar moves to 20 year highs in that time.
To simply state are we just seeing the 1st sample of a real commodity boom as to prices today in children’s play? Maybe the highs in W will be 4-6 times that price level as well as GC moving to 5-6 times the highs just recently.
Just a note and always good to test the waters.
The seventy’s in the stock market was just that and you can see as to what did take place and still is taking place soon to come.
Z
It’s all about creating wealth and nothing more, allowing wealth to be recreated is just what the Founding Father wanted as an end result.