Every major food crop is reaching record highs.
http://www.bloomberg.com/apps/news?p...7R8&refer=news
Gold, other metals too
http://www.bloomberg.com/apps/news?p...EUY&refer=home
Fund managers are using commodities as a hedge.
Bad
very bad
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January 3rd, 2008 10:29 PM #1Last edited by uls; January 3rd, 2008 at 10:37 PM.
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January 4th, 2008 03:56 AM #3from what i have heard, a rouge trader placed an oder for 1 lot of oil at $100/barrel then sold it right away at a lost of few hundred USD, apparently he wants to be the first to buy at $100/barrel... another case of "i'm first to..."
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January 4th, 2008 10:30 AM #4Ya that trader wanted bragging rights hehe
He pushed the hundred dollar psychological barrier.
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