Golden Star

GSS Golden Star Resources

Sprint Nextel going up?

Remember THIS chart from about a month ago?  Well it looks as if Sprint Nextel may be in for a streak upwards soon.

Wheat; who knows what people are thinking anymore

Price is high, and so is open interest.  Looks like a double touch on this line; personally I think the algorithmic models with asset allocation based on market momentum overloaded on this Ag and drove the price way higher than it should have gone. 

"Wheat prices increased for the first time in a week after the U.S. Department of Agriculture said global production will drop 5.1 percent to a three-year low. " (Bloomberg) OK so let me think about this... Production is down 5.1%... why from June 10th to August 6th did the price of futures more than double?  Over speculation if you ask me. 

Who the frig cares if  worldwide production is to "fall to 645.7 million metric tons in the year that began June 1 from 680.3 million a year earlier."(Bloomberg)  Only an idiot would think that every single ounce of that wheat will be going right to plants for production, theres always a hoarded stockpile somewhere.  Sure prices should go up some, but even now I believe we are too high.  I thought this was a short before, and i still do,; it should have never gotten this high.