What happens on the cereal markets? Look at the wheat prices. They took off from $5.65 a bushel in April 2007 to a high of $14.06 in late February 2008. It’s almost a 150% rise in less than one year. However prices have been falling back for roughly 6 months, and the closing price last Friday has been posted at $7.51. A good overview of the fundamentals of this volatile market is essential before analysing the technical aspects.
September 8th, 2008 | Gabriel Andre | 2 comments | ContinuedAll Posts Tagged With: "wheat prices"
Inflation is Battering the Value of Cash, America Honours its Dead Presidents
Inflation is battering the value of cash itself. Who wants to hold dead presidents when they are losing 4% per year and inflation is rising? Historically, in times of inflation, it’s better to hold shares in profit making businesses that can raise their prices than it is to hold cash.
February 20th, 2008 | Bill Bonner | 2 comments | Continued