"Canuck57" wrote in message
news:2csHj.133314$pM4.66453@pd7urf1no...

"JoeSpareBedroom" wrote in message
news
"Vic Smith" wrote in message
...
On Thu, 27 Mar 2008 18:09:39 GMT, "JoeSpareBedroom"
wrote:

"Vic Smith" wrote in message
m...
On Thu, 27 Mar 2008 17:49:24 GMT, "JoeSpareBedroom"
wrote:



Mind if I ask what business you're in? I'm asking because I think I
can
demonstrate how YOUR business could be meddled with by people who are
totally unrelated to your business.

I'm in the retirement business, participating.
And "people" are still in my face!
I just ignore them, though.
Well, not really. The price of Cheerios ****es me off.
Ethanol taking oat acreage out of production.
Probably other factors to complain about too.
I could go on and on.
But go ahead and grind your axe.
I'll comment on the sparks if I can.

--Vic

What was your business before retirement?


IT - analyst.


OK. I'm going to take the right financial industry people and regulators
to lunch a few dozen times, bribe as necessary, and create a new futures
market involving computer hardware. Just like the oil commodities
markets, we will allow people to fiddle in it even if they have
absolutely no connection to the computer industry. They will just be
there to gamble. Within 6 months, computers of all kinds will become so
prohibitively expensive that corporations will not be able to own more
than just one or two, for use by the head honchos. Most of your IT
department will be out of work.

Price fluctuations for computers will be based on such things as:

"fear of renewed violence in Baghdad"

"unseasonal amounts of rain in Korea"

....or just about any other drunken reason which frightens the amateur
traders in the commodity you depend on.

That's what's happening with oil. You don't believe it yet. But, it's
absolutely true. It doesn't ***ALL*** the price swings, but it explains
some of it.

Not entirely true or untrue. But I would also like to point out the
devaluation of value of the greenback to the yuan, yen, euro, loonie,
pound etc. Currency dilution has a lot to do with the energy inflation
you are seeing.

And yes, it affects the importation costs of computer parts from
Taiwan/China. It now takes more green backs. About the same in other
currencies.

Take a world view, not a view that has Washington politics as the pivot
point of the universe.



The vast majority of raw materials and finished products are not ****ed with
by commoditity exchanges which involve amateur investors who are unrelated
to the industry using the raw materials. Why do you suppose that is?

On Sat, 29 Mar 2008 19:26:13 GMT, "JoeSpareBedroom"
wrote:



The vast majority of raw materials and finished products are not ****ed with
by commoditity exchanges which involve amateur investors who are unrelated
to the industry using the raw materials. Why do you suppose that is?

Probably because it's not true. Otherwise I never would have traded
lumber, rapeseed, oats, corn, soybeans, cocoa, hogs, pork bellies,
feeder cattle, cotton, sugar, gold, silver, etc, etc.
Never traded egg futures, or rice, coffee, OJ, or many of the other
offerings you have no problem with. I have traded oil, and made a
couple grand, so I guess I'm a bad guy anyway.
You could learn more about this, instead of flailing away.
For instance, weather contracts.
That's right, the speculators not only your oil, but your weather too.
http://en.wikipedia.org/wiki/Weather_derivatives

--Vic

"Vic Smith" wrote in message
...
On Sat, 29 Mar 2008 19:26:13 GMT, "JoeSpareBedroom"
wrote:



The vast majority of raw materials and finished products are not ****ed
with
by commoditity exchanges which involve amateur investors who are unrelated
to the industry using the raw materials. Why do you suppose that is?

Probably because it's not true. Otherwise I never would have traded
lumber, rapeseed, oats, corn, soybeans, cocoa, hogs, pork bellies,
feeder cattle, cotton, sugar, gold, silver, etc, etc.
Never traded egg futures, or rice, coffee, OJ, or many of the other
offerings you have no problem with. I have traded oil, and made a
couple grand, so I guess I'm a bad guy anyway.
You could learn more about this, instead of flailing away.
For instance, weather contracts.
That's right, the speculators not only your oil, but your weather too.
http://en.wikipedia.org/wiki/Weather_derivatives

--Vic


Where are the insane price swings, based on news like "....rose $2 a barrel
on fears of renewed violence in Baghdad..." ??

I love it. "on fears of"

Eggs rose $0.38 per dozen on fears of renewed violence in Sao Paulo, Brazil.

JoeSpareBedroom wrote:
"Vic Smith" wrote in message
...
On Sat, 29 Mar 2008 19:26:13 GMT, "JoeSpareBedroom"
wrote:


The vast majority of raw materials and finished products are not ****ed
with
by commoditity exchanges which involve amateur investors who are unrelated
to the industry using the raw materials. Why do you suppose that is?

Probably because it's not true. Otherwise I never would have traded
lumber, rapeseed, oats, corn, soybeans, cocoa, hogs, pork bellies,
feeder cattle, cotton, sugar, gold, silver, etc, etc.
Never traded egg futures, or rice, coffee, OJ, or many of the other
offerings you have no problem with. I have traded oil, and made a
couple grand, so I guess I'm a bad guy anyway.
You could learn more about this, instead of flailing away.
For instance, weather contracts.
That's right, the speculators not only your oil, but your weather too.
http://en.wikipedia.org/wiki/Weather_derivatives

--Vic


Where are the insane price swings, based on news like "....rose $2 a barrel
on fears of renewed violence in Baghdad..." ??

I love it. "on fears of"

Eggs rose $0.38 per dozen on fears of renewed violence in Sao Paulo, Brazil.




Surely you don't mean the collape of "the surge" is having an impact on
oil speculation?

"hk" wrote in message
. ..
JoeSpareBedroom wrote:
"Vic Smith" wrote in message
...
On Sat, 29 Mar 2008 19:26:13 GMT, "JoeSpareBedroom"
wrote:


The vast majority of raw materials and finished products are not ****ed
with
by commoditity exchanges which involve amateur investors who are
unrelated
to the industry using the raw materials. Why do you suppose that is?

Probably because it's not true. Otherwise I never would have traded
lumber, rapeseed, oats, corn, soybeans, cocoa, hogs, pork bellies,
feeder cattle, cotton, sugar, gold, silver, etc, etc.
Never traded egg futures, or rice, coffee, OJ, or many of the other
offerings you have no problem with. I have traded oil, and made a
couple grand, so I guess I'm a bad guy anyway.
You could learn more about this, instead of flailing away.
For instance, weather contracts.
That's right, the speculators not only your oil, but your weather too.
http://en.wikipedia.org/wiki/Weather_derivatives

--Vic


Where are the insane price swings, based on news like "....rose $2 a
barrel on fears of renewed violence in Baghdad..." ??

I love it. "on fears of"

Eggs rose $0.38 per dozen on fears of renewed violence in Sao Paulo,
Brazil.


Surely you don't mean the collape of "the surge" is having an impact on
oil speculation?


Actually, that line was in a news story about oil prices a couple of years
ago. I noticed how many people didn't notice. We're not supposed to because
it's complete bull****. Who in their right mind would've thought violence in
Baghdad, in 2005, would've had any effect on the physical realities of the
oil supply??? The country was producing next to nothing to begin with.

JoeSpareBedroom wrote:
"hk" wrote in message
. ..
JoeSpareBedroom wrote:
"Vic Smith" wrote in message
...
On Sat, 29 Mar 2008 19:26:13 GMT, "JoeSpareBedroom"
wrote:


The vast majority of raw materials and finished products are not ****ed
with
by commoditity exchanges which involve amateur investors who are
unrelated
to the industry using the raw materials. Why do you suppose that is?

Probably because it's not true. Otherwise I never would have traded
lumber, rapeseed, oats, corn, soybeans, cocoa, hogs, pork bellies,
feeder cattle, cotton, sugar, gold, silver, etc, etc.
Never traded egg futures, or rice, coffee, OJ, or many of the other
offerings you have no problem with. I have traded oil, and made a
couple grand, so I guess I'm a bad guy anyway.
You could learn more about this, instead of flailing away.
For instance, weather contracts.
That's right, the speculators not only your oil, but your weather too.
http://en.wikipedia.org/wiki/Weather_derivatives

--Vic

Where are the insane price swings, based on news like "....rose $2 a
barrel on fears of renewed violence in Baghdad..." ??

I love it. "on fears of"

Eggs rose $0.38 per dozen on fears of renewed violence in Sao Paulo,
Brazil.

Surely you don't mean the collape of "the surge" is having an impact on
oil speculation?


Actually, that line was in a news story about oil prices a couple of years
ago. I noticed how many people didn't notice. We're not supposed to because
it's complete bull****. Who in their right mind would've thought violence in
Baghdad, in 2005, would've had any effect on the physical realities of the
oil supply??? The country was producing next to nothing to begin with.




I'm sure McCain will fix it all up, as soon as he figures out the
differences between Shi'ites and Sunni, and Iraq and Iran.

On Sat, 29 Mar 2008 23:43:27 GMT, "JoeSpareBedroom"
wrote:


Where are the insane price swings, based on news like "....rose $2 a barrel
on fears of renewed violence in Baghdad..." ??

I love it. "on fears of"

Eggs rose $0.38 per dozen on fears of renewed violence in Sao Paulo, Brazil.

Ever hear of "milk"? Check out the futures charts on "milk."
he http://futures.tradingcharts.com/chart/DA/58
Wild swings!
There were probably reports of "mad cow," "possible milk virus,"
"Wisconsin heifers hunker down for expected savage winter"
influencing the swings, as well as the normal FDA production reports.
Why weren't you complaining?
Yeah, I know. Oil is more important, and now influences the price
of everything. But it is subject to the same supply/demand forces as
milk.

Here's an oil chart: http://futures.tradingcharts.com/chart/BC/58
Smooth as a baby's ass.
So I guess that takes care of you.
Here's the thing, Joe. A futures contract is simply betting where the
market price will be when the contract comes due.
You're paying what you're paying for oil products because you're
willing to pay what they are charging.
THAT'S WHAT DETERMINES THE PRICE!
Same as me paying outrageous prices for milk and Cheerios.
Here's the oats: http://futures.tradingcharts.com/chart/OA/58
Wilder than oil!
Now, we can get more cows on line, and plant more oats in response to
high prices.
Can't make more oil. Just can't.
Mad Max is coming!
If he comes here, I'll feed him some Cheerios. My wife found a
"source" and I have a couple cases tucked away here.
No, not interested in selling any, in you were thinking about asking.
Hey, what do you know about canoes?
Maybe that's the way to go. With outriggers.

--Vic