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jrsiajdranch
Veteran Advisor

Well MT

GOld up 50 in the overnights...........You just might get your 10 dollar corn now.  4 more years of record high grain prices.

 

Problem is it won't be record profits. 

 

Good thing is a sympathetic socialist party will give out lots of goodies. No way in hades we get less E now. 

 

I do not know why so many grain farmers are upset with this outcome....

 

Only thing is it might not work out this way. What if everybody is wrong including me and Obama puts the breaks on the printing press?  That would really put us into a tail spin!

 

Good time to keep debt low and make prudent choices.... just like every other year.

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6 Replies
Hobbyfarmer
Honored Advisor

Re: Well MT

Gold GCZ12 (Dec '12) 1,721.3 +6.3 1,715.8 1,733.0 1,705.6 07:00

 

Guess I don't know where it was up $50

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Jed Stivers
Senior Contributor

Re: Well MT

My screen showing  it's up 31. 

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Hobbyfarmer
Honored Advisor

Re: Well MT

Feb of '14 is first big up month and that just brings it in line with ALL the months preceding Feb'14. The traders must not think there will be improvement in the value of the Obama dollar?

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jrsiajdranch
Veteran Advisor

Re: Well MT

I meant5 up 50 points and it actually was around midnight it happened.

 

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sw363535
Honored Advisor

Re: Well MT

Jr--------

 

This thread brought up a question for you.  

Obama as a lame duck----------------- Sometimes they change when there ain't another campaign to win----------- examples Clinton in his second got more conservative and Bush spent more.

 

Any chance we see something totally different,  like fiscal responsibility and stronger foreign policy????

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jrsiajdranch
Veteran Advisor

Re: Well MT

Hey SW..........  

My thoughts for what they are worth.

 

I was not surprised by the outcome of the elections. IT is the same as it was last week.  Politically speaking.

 

I said to some friends this summer that Iw ouldn't be surprised if Obama did tighten up the money supply. As to his foriegn policy that is something for the Forum thread.

 

BUt He may not get to choose what happens we are alrady over the proverbial fiscal cliff the question is how big is the explosion when we hit bottom?

 

When you look at the things that have to be cut as part of the last debt cieliong deal The mandatory layoffs of goverment workers, the programs that will be cut, and the health care that is now certain to come.  The drag ont he economy can only lead to stagfaltion. 

 

SO farmer income will stagnate and in 4 years you croppers will fel what I have felt for the last 4 years.

 

Like they say Misery Loves company.  Welcome!

 

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