Something I will continue to do until I can get me a stable and suitable supply of throat and kitty cat (any volunteers), will be to talk about the economy and some politics. Yawl know I try to be about money. Especially being the only person in my household in a position to provide food clothing shelter, oh and don’t forget the mortgage. But I have had to step my game up. I thought I was rather astute when I came to such but nowadays, you got to be on everything, or in a position to monitor every economic indicator, even new ones that pop up that never would have been considered as such.My favorite indicator outside of my statements from my investments is the price of oil. Oil just hit the $130.00 a barrel mark today. Now I feel that the$150.00 mark will be just around the corner, maybe by the end of the summer or best the end of the year. If I were a commodities man, I’d lunge out there and say it is a good time to go long – maybe I should call my broker. I have read that folks are even purchasing oil futures almost a decade in advance.
What is really troubling, like I said were things that I use as indicators that I never have before like copper and wheat. Copper prices are climbing fast, so fast that even the Chinese government via the China's State Reserve Bureau (SRB) is trying to bring down prices to cover fast-approaching short positions. Especially since one usd = 8.1 yuan. But that is just the short of it. Over here, although historically copper, a vital and frequently overlooked metal, from an investment perspective, to me it’s just as good or like Gold. I mean of al the metals used it ranks third.
But due to its increasingly rising cost, folks been stealing copper like it was cable. Namely because copper and scrap metal prices have soared 32 percent this year alone and because it is selling at about $2.65 per pound. Then add to the aforementioned, wheat contracts for May hit a record of $13.50 on the Chicago Board of Trade. And just like oil and copper, they are driven by global demand, a weak dollar and a shortage of supply. Which means they drilling in the regular budgets of folk like u and me.
Don’t even mention that World food supplies are shrinking while the population worldwide is increasing. And don’t sleep, they all connected because higher food prices is are correlated directly with higher energy prices. And they way this sexless mind thinks, things can and will only get worse. And places like the Ukraine and the US are stock piling wheat now.
So the next time you buy that slice of pizza, I wouldn't be suprised if you screamed "holy cow", cow refering to copper, oil and wheat.
Side Bar: BigBoi of Outkast stopped by the store today - good look folk and enjoy the book.
