Oil and metals prices in fee-fall Oil and metals prices in fee-fall
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  1. #1

    More fingers than teeth

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    Default Oil and metals prices in fee-fall

    Oil price falls further to $118. Soon they won't be able to give it away
    http://news.bbc.co.uk/1/hi/business/7542766.stm

    prices could fall to "about $100 within the next month...platinum hit six-month low...Copper, lead and zinc have seen their prices fall in recent days.
    Doomed.

  2. #2

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    Quote Originally Posted by TimberWolf View Post
    Doomed.
    Boomed.

    The rise in oil and other commodities' prices was caused by speculation, not because of any supply or demand factors. This is what has caused instability in the markets and led to fear of a recession due to spiralling costs.

    If those prices are returning to levels that more accurately reflect reality, this will result in greater financial stability, increasing confidence in the markets, and the averting of the looming recession.

    Until the bankers recommence playing with their imaginary instruments and it all goes spiralling back up again...

  3. #3

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    Probably a good shout to short most commodities now.

    And then make a killing on the way back up in a few years.

    Boomed!
    I was miserable and depressed, but CUK turned it all around. Now I'm depressed and miserable.

  4. #4

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    I've got 600 tonnes of scrap steel to cut up and recover, and now the prices are dropping

    Ah well! still a hefty profit
    Confusion is a natural state of being

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    Quote Originally Posted by Diver View Post
    I've got 600 tonnes of scrap steel to cut up
    one good hand

  6. #6

    Lord of Ruin

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    Quote Originally Posted by NickFitz View Post
    one good hand
    Six good men
    Confusion is a natural state of being

  7. #7

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    Quote Originally Posted by TimberWolf View Post
    Oil price falls further to $118. Soon they won't be able to give it away
    http://news.bbc.co.uk/1/hi/business/7542766.stm



    Doomed.

    This is good evidence that we are entering a worldwide recession, as demand falls for expensive commodities. This is actually good news because inflation will falling and interest rate cuts can be made to stimulate the economy, thus also helping us to avoid a housing crash.

    BOOMED !!!

  8. #8

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    Quote Originally Posted by Cyberman View Post
    This is good evidence that we are entering a worldwide recession, as demand falls for expensive commodities. This is actually good news because inflation will falling and interest rate cuts can be made to stimulate the economy, thus also helping us to avoid a housing crash.

    BOOMED !!!
    Yes, that's exactly what's going to happen here.


    Not.
    I was miserable and depressed, but CUK turned it all around. Now I'm depressed and miserable.

  9. #9

    Still gathering requirements...

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    Quote Originally Posted by DimPrawn View Post
    Yes, that's exactly what's going to happen here.

    Not.
    Never listen to a cyberman. Their cunning plans are even worse than The Master's.

  10. #10

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    Quote Originally Posted by derekthedalek View Post
    Never listen to a cyberman. Their cunning plans are even worse than The Master's.
    I doubt that

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