From Zero Hedge: There is no shortage of lumber.
(www.zerohedge.com)
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A commodity supercycle describes a set of circumstances that are out of any individual or group's control.
Allow me to describe what is currently happening to commodities (such as oil, lumber, and steel) simply: all of these industries typically maintained a surplus of 1-2 years. With the China Virus, many steel, oil, and lumber mills shut down production and turned to their running surpluses for situations such as this. Many of these industries have now completely sold the surpluses they comfortably had for decades, so demand is as high as ever while supply is remarkably low.
There aren't shortages per se, but many of these industries aren't going to service new clients for quite some time. I highly recommend investing in steel personally, I'm very deep in $CLF, VALE, and MT but would sincerely recommend anyone interested in investing to do their own due dilligence.
I worked at a high level in the oil industry. I don't need a lesson in commodities or the trading of commodities.
Now let me inform you of what the left has been trying to do with oil for decades. They have been fighting the new technologies that opened up the tight reserves in places like the Bakken play in the Dakotas, and the Eagle Ford in west Texas. They do this because they are determined to cripple the USA'S new independence from the ME oil. The minute that fucking scum bag Biden hit office he used the environmental groups insistence that fracking was hazardous to the environment to shut down fracking. Advances in fracking are what made the US oil independent. We no longer needed to fight in the ME so that a certain group of sorry mother fuckers could take control of the world's largest known oil supply and thus blackmail the world into submission to their new world order. Eventually they would have used that control of energy to starve 70% of the world to death.
Secondly that stash of lumber shown in the Zero Hedge article is not a shortage of lumber it is a manipulation of the delivery of the product. The same scum that wants to control the oil have been positioned as middle men in trade for centuries. They contribute nothing to production but control the flow of goods and skim the cream off the top of every thing. That situation will end in the new age coming, because if it doesn't nothing will change for the people.
And just in case you haven't figured it out yet. The Corona virus was a fucking scam to do exactly what they are doing with the destruction of the economy and the vaccines.
Excellent point.
Amen
Hey man, I agree with everything you wrote. Didn't mean to come off as condescending, or trying to "teach" you any lessons in commodities, just used your comment as a jumping off point to hopefully briefly explain the situation to others + offer my personal advice for investing for the next few years.
big conglomerates (weyerhaeuser, Stimson etc) are holding, not meeting demand, allowing price to run up, to cause independent mills to become over leveraged (build new mills etc with debt that can only be serviced by the current high prices), and once the independent mills are all in, the big guys will flood the market, tank the price, the smaller outfits go out of business and the big guys buy up their assets in bankruptcy proceedings for pennies on the dollar.
How about prosecution for monopolies!! Lock 'em up!!
Do not pass go, do not collect $200
Spoken like a true vitard #metoo