tag:blogger.com,1999:blog-1258979445050968882.post6682786892412707534..comments2023-11-26T06:55:42.401-05:00Comments on [ The Financial Ninja ]: The Phantom Commodity Bull Market and the ConsequencesBen Bittrolffhttp://www.blogger.com/profile/12465978905157927856noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-1258979445050968882.post-86886783100096147092009-06-11T09:05:50.146-04:002009-06-11T09:05:50.146-04:00Maybe the Chinese are just setting themselves up f...Maybe the Chinese are just setting themselves up for a nice little windfall having already decided that:<br /> <br />1) they need to deal with North Korea in a swift and summary manner<br /><br />2) the US is too busy loosing wars with tribes people to care much and NATO is all gob<br /><br />3) they want to get back their losses on USD "assets" and the US is not paying.fajensennoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-43366167472180196952009-06-11T08:29:35.981-04:002009-06-11T08:29:35.981-04:00Dump the 'spot market" for oil - that'...Dump the 'spot market" for oil - that's only been around since 1971, right?<br />Back to long-term oil supply contracts, as we have today for iron ore!<br />My guess is, oil will stay high, to continue to help offset US military costs in Iraq: a lot of that price is pure profit to the government of Iraq - and useful for buying US Arms, too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-17520870771129534482009-06-11T08:17:48.070-04:002009-06-11T08:17:48.070-04:00heh heh heh... the "3rd world" is not wh...heh heh heh... the "3rd world" is not what it used to be: 'first world" commentators whose ideas of that "world" were/are based on the facts of the seventies (or earlier) are no longer in possession of the truth: which is, that science (including industrial) is universal.<br />Try to make sure that you all don't get hit by any flying (or falling?) BRICs....<br /><br />On another note: a bit obvious for a Ninja's place, eh?<br /><br />http://www.aboutcolonblank.com/2009/05/21/ninja-entry/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-35499743614985604902009-06-11T02:13:07.835-04:002009-06-11T02:13:07.835-04:00Great analyze. We are in a commodities bull market...Great analyze. We are in a commodities bull market, especially with the high growth rates in China and India. There is demand for many types of commodities and will probably last at least for several more years.insurancehttp://2allinsurance.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-28172190636364225402009-06-10T15:12:01.857-04:002009-06-10T15:12:01.857-04:00Very well put, Ben. Great analysis of what's h...Very well put, Ben. Great analysis of what's happening globally. I too agree, it's good to have you back regularly.<br /> Even if we don't see the inflationary pressure at the moment, but I believe they are right around the corner. Debt is debt. Printing more money doesn't mean folks have less debt. And for them to borrow more, won't solve the problem either.<br /> It's been said before, and I quote, "all they're doing is moving the deck furniture around on the Titanic". It won't be pretty.Carlosulanoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-27011140155043515262009-06-10T14:59:15.167-04:002009-06-10T14:59:15.167-04:00Great to have you back regularly, Ben.
It strikes ...Great to have you back regularly, Ben.<br />It strikes me that the stockpiles the Chinese are parking are strategic necessities if you are headed to war. I don't know whether they have the tank space for the oil, if they could get it at bargain basement prices, but they may have their eyes on one of the -stans, if push comes to shove.<br /><br />And why would anybody be pushing and shoving? I've heard it argued that many wars have been about national defaults. I suspect the Chinese have heard that one, too. Looks to me like the Chinese decided sometime back in November we were going to default, and made it policy to load up on war materiel.MSTnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-55440980038689446052009-06-10T14:32:01.327-04:002009-06-10T14:32:01.327-04:00So where do we park our hard earned cash? Which cu...So where do we park our hard earned cash? Which currencies and instruments? What IS the strategy?Evannoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-5182415757914337542009-06-10T14:24:33.261-04:002009-06-10T14:24:33.261-04:00Great Blog Ben.
When Chinese buying stops, copper...Great Blog Ben. <br />When Chinese buying stops, copper prices will collapse. Sept/Oct are going to be very interesting. As a student of Gann years ago I remember he averred a nine year was always a bull year since it was a year of completion. That is a ninth year of every decade. Look back at the historical charts to see he was more or less correct. The script is definitely playing out. However not so good for the general market for a tenth year of a decade. Then we have the witching months of Sept/Oct when the general market always turns sour. This year will be no different and the bear will resume into the tenth year of the decade. I am looking for signs of weakness towards the end of August. <br />On the other hand I am a goldbug and gold/silver will wilt a little IMO when the shit hits, but they are money and not a mere commodity. Been that way for thousands of years. Paper goes down the tiolet. I am expecting a panic into precious metals when things settle down into a resumption of the bear market with gold stocks going the opposite way.Joshhttps://www.blogger.com/profile/14479418745092947425noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-40584838474285392902009-06-10T10:43:45.774-04:002009-06-10T10:43:45.774-04:00Thanks for the thoughts, Ben. I've been wonde...Thanks for the thoughts, Ben. I've been wondering about the larger contrairian thesis of another coming violent leg down in the markets, and trying to reconcile it with the not insubstantial recent retracement in the BDI. This helps provide the beginnings of an expanation.brandy night rocksnoreply@blogger.com