Loading ...There is no hurry to sell something you own, if prices keep rising. I once heard T Boone Pickins I think it was, say, “If I have a million barrels of oil and its going up, why sell it now, if a month later its worth more”? Price Manipulation of commodities prices since 1971, has been turning into price discovery (correct prices) catching up to them from after 9/11.
I saw Copper charts showing $1/lb from 1972 to 2003 and flew to $5 I think. Copper today $4.71. It still WAY WAY too cheap for what it is and how important it is. $5/lb in today’s is .25 cents/lb in 1972 money. So Copper is net cheaper today than 50 years ago.
Gasoline at $5/gallon is the same as .25 cents a gallon in 1970. Average pay today I heard in $35/hr. Same as $1.75/hr, the minimum wage around 1970? or late ’60s.