Open Thread


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  1. benson, the problem is it’s hard to buy and hold commodities. You want to hold 10,000 bushels of red wheat for ten years? Might get a bit moldy…

    Commodities are a whole different language and strategy from equities.

    But what’s exciting is, for the first time ever, the small investor has a chance to participate in these markets using some of the ETFs I mentioned above (and others).

    In the past, if you thought oil or gold was going up, you could buy shares in Exxon or Newmont Mining. But they don’t always correlate.

    Contango and backwardation make these ETFs more risky than the average equity.

    But still, it’s an opportunity.

  2. “I wouldn’t know what to google, jessi. Seems to be just a person who can’t use the 2 tix he bought. I have his email, and phone# only.”

    No name affiliated with the email address?
    It’s probably fine but I don’t love it. I’m big on VERIFICATION when I do business with a craigslist seller.

  3. Benson, if you are interested, I can explain it to you and you will surely understand it. The main idea though is that energy inventories have been drawn down and consumed since the period of massive inventories, reflecting sharply lowered demand in the recession during the worst of the great recession. And that fact is reflected in the prices along a time curve, almost like a fixed income yield curve.

  4. Pete – StubHub didn’t have any?

    FWIW, I have bought US Open tix off CL many, many times with nary a problem. Have met people on Long Island (was going that way) and all over the city, email tickets, will call, whatevs.

  5. I think a video like that only goes viral because there are way too many people out there who have nothing better to do that watch youtube.

    The video with the baby goats is also going viral.

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