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View Full Version : October 8, 2010: The Day Agriculture Prices Exploded



HardlyPeeved
10-08-2010, 10:09 PM
Huge "tell" on inflation is agricuture futures...3 months out. :eek:

Ag futures hit all (upside limits) stops at CBOT today on:
Wheat
Oats
Soybeans

Also very large rise:
Corn

This is the beginning of hyperinflation.

My take on this is with the banks undergoing meltdown from the real-estate market/forecloseures/robo-signatures and the government shutting down all foreclosures starting yesterday or today...the commodities markets are getting roiled; they think that the banks won't be lending for commodities in a few months...so they have to go to the futures market today and get some bulk foodstuffs for 3 months going forward.

The ag futures market is the tell...git your GOLD now...the banks might not be there in a few months (or at super high interest rates).

THIS IS "THE TELL" !

http://www.businessinsider.com/october-8-2010-the-day-agriculture-prices-exploded-2010-10

Flathead8
10-08-2010, 10:15 PM
its kind of nuts isnt it?

Ar15au linked some charts on this in his thread below..

https://www.kitcomm.com/showthread.php?t=68356


also links to this article here....

http://market-ticker.org/akcs-www?post=168582

hey, at least its not boring right?

HardlyPeeved
10-08-2010, 10:28 PM
"Seems like it's time for me to hone my farming skills."

"On the plus side, as fewer and fewer Americans can afford to eat, the obesity problem in America should begin to reverse itself."

"This is hyperinflation. And its very very bad."

"Shop at China Plastic Junque for the best prices on Soylent Green.
Serve with puree of Republican pigs. "

"I'm am addicted to eating. I eat every day, multiple times a day, and if I try to go without eating I get wicked withdrawal symptoms. Does anyone know of a rehab center I can go to? "

"i hear this is a widespread problem which is prevalent in 100% of humans... the symptoms typically are a desire to eat food, going out seeking food to eat and feeling pains in your stomach from a lack of eating food... most doctors would recommend that if you're really hungry that you should eat some food immediately"

"this is no big deal unless you like to eat."