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Cotton Goes Crazy

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Cotton Goes Crazy

Unread postby peeker01 » Sun 24 Jul 2011, 14:42:52

Looks like cotton is better than gold. Doubled in very short order. Take a look at this
chart. Does it remind you of anything?

http://www.indexmundi.com/commodities/? ... &months=60
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Re: Cotton Goes Crazy

Unread postby dinopello » Sun 24 Jul 2011, 15:00:16

Its plunging now. Time to buy is past

I predict more commodity volitility. [smilie=blob1.gif]
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Re: Cotton Goes Crazy

Unread postby AgentR11 » Sun 24 Jul 2011, 15:30:43

Remember Capitalism 101.

Buy Low.
Sell High.

If you are going ooh-ahh at something being high. Its High.
Yes we are, as we are,
And so shall we remain,
Until the end.
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Re: Cotton Goes Crazy

Unread postby Sixstrings » Sun 24 Jul 2011, 17:35:33

$this->bbcode_second_pass_quote('AgentR11', 'B')uy Low.
Sell High.


Or plant some cotton. :lol:

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Re: Cotton Goes Crazy

Unread postby Novus » Sun 24 Jul 2011, 23:00:08

Might be a good time to Short cotton.
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Re: Cotton Goes Crazy

Unread postby peeker01 » Sun 24 Jul 2011, 23:28:11

or take it in the shorts
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Re: Cotton Goes Crazy

Unread postby Outcast_Searcher » Mon 25 Jul 2011, 07:21:43

$this->bbcode_second_pass_quote('Sixstrings', '')$this->bbcode_second_pass_quote('AgentR11', 'B')uy Low.
Sell High.


Or plant some cotton. :lol:

Image


Actually, that's an excellent point, Six. Extending that principle to food, which is more critical short term than new threads...

We can't predict the weather of course, but from what I read, farmers are now planting HUGE corn crops as a group, which should greatly alleviate the high corn prices at some point (even with all the stupid corn-ethanol mandates).

Unless the climate gets so bad you can't reliably grow stuff and we're all screwed anyway, for the FIRST world, capitalism will greatly help alleviate surges in soft commodity prices over time, if it is just allowed to work.

Where they're starving (third world), relying on massive imports of food to survive AND continuing to rapidly reproduce, um, ahem, the BAU condition seems to be far less optimistic, food-wise, given the impending financial hammer the first world faces.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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