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| those who dont learn from the past, are doomed to repeat it.
i defy you to show me any grain chart in the history of mankind that a grain spike like this doesnt retrace at least 61% of the spike... most time much much more.
you wont find it!
i cant shout this loud enough: WE ARE IN A RECESSION. COMMODITIES ARE ALL IN A BUBBLE! GOLD IS A BUBBLE , OIL IS A BUBBLE. DOLLAR HAS BOTTOMED.
all farmers who dont take protection at current levels..are just plain stupid. im sorry.
you can take all of your projections and planting intentions and rip them up. they are made by the same people who are selling at the same time.
GS upgraded wheat at the exact top... almost top ticking... you dont think GS desk was selling into that report like mad?
here a great gold bubble example:
India's Bombay Bullion Association said on Tuesday that gold imports in January slumped to just five tonnes from 62 tonnes
get out of gold as well.. only reason that pos is up is because of the damn ETFs that are mandated to warehouse the stuff.
Edited by AGtrader 2/13/2008 09:06
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THIS IS A B U B B L E!!!!
