Oil and metals prices in fee-fall

[TimberWolf]

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.

[NickFitz]

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...

[DimPrawn]

Probably a good shout to short most commodities now.

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

Boomed!

[Diver]

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

[NickFitz]

I've got 600 tonnes of scrap steel to cut up

one good hand

[Diver]

one good hand

Six good men

[Cyberman]

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 !!!

[DimPrawn]

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.

[derekthedalek]

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.

[The Master]

Never listen to a cyberman. Their cunning plans are even worse than The Master's.

I doubt that