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04-17-2013 12:02 PM
First off --- Where did everybody go here ? I hope a alien ship didn't drop in on there Monday night pole bending contest and take them to some foreign plant !
Anyway This is my FIRST Options page !
Looks like Gold is just a tick better today , Silver down 2.21 % and high grade copper 3.40 %
But think about it a sec here , there's a lot of chatter about Gold going down , But as Kevin said this morning, remember back to the 80's 90's -- gold was like 800 an ounce and dropped to 250 an ounce -- stock's soared as did job's .. Seems like people took there gold money out AND placed it in the stock market , could that happen today -- I think so .
There is just a lot of nervous bankers and brokers out here - Wonder how much some of the margin calls were the other day ? I would bet a boat load . And that is the reason I think it went on down -- people cashing in and trying to same something OR not pay as much margin .
Thanks , but I really don't have a clue about options and could one one of you pro's take this over till Scott comes back . lol
04-17-2013 12:23 PM - edited 04-17-2013 12:24 PM
Thanks ECIN for your report, but a bit incomplete.
Do you think the GD meltdown is still affecting the DOW? Grains?\ Or, is there other things being blamed? bomb, euro, interest rates, banks getting shakey, other?
From the looks of wetness around here (SW ia) and 5 day forecast, corn should be limit up in ALL months
04-17-2013 12:58 PM
I agree 4wd a lot in complete , look back at your post , i think you answered your own question , if a nat fart's side wys over in greece it could affect our market's . A very good merchandiser one told me --Ken it's not what you know in the market that will get yeah , it's what you don't know -- like from out of the blue some country locks up all it's people's money or go broke when they say everything is ok .
These people ar not use to playing OUR game = The Big Casino - they bet on sure things - what every that is , they fold up like a cheap lawn chair when things don't go there way andthats what we have been seeing as of late .
To me thats what make marketing crops harder than every -- us against the world . really -
04-17-2013 01:17 PM
Yep, " us against the world" probably isn't too far off.
I just feel some traders at the CBOT aren't paying attention to what mother nature is dishing out, but, it isn't May 10th yet, the magic day that ISU says corn must be planted to optimize yields.
Maybe I am biased because my planter is in the shed, but 5 day weather shows no let up on wet and cold except for Fri-Sat, then Sun-Tue more wet and cold, and that means more planting delays. The clock is ticking to that Magic May 10.