Jump to content
Sign in to follow this  

Thunder in lumber

Recommended Posts

My my what is going  on with Lumber? + $2500 + since Friday morning. A near 5% positive swing.  The why naturally is not so obvious. Are people building more? Not according to the latest numbers. Are more papers being printed? Nope. Was Lumber that under valued? Errr nope, but obviously yes??!!. I am used to Oil being volatile but wood? These are crazy loopy swings and someone is working it well. Also presents a selling op. As rises like this are unnatural, it's bonkers with blueberry cream on top! 

Anyone else noticed this?

Share this post


Link to post

One of the key data sets for Lumber is US home sales, permits and builds, all had good beats last week;

Tues 5th Mar 

  USD
 
New Home Sales
  621K 597K

599K

 

Fri 8th Mar

USD
 
Building Permits
  1.35M 1.29M 1.33M  
    USD
 
Housing Starts
  1.23M 1.19M 1.04M  

 

Share this post


Link to post

Still a significant rebound! Real significant.  Almost reactive. 

Still rocking up, suspect overly so. 

Enjoy your evening. Am off to annoy the wife 😶

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      6,934
    • Total Posts
      32,983
    • Total Members
      42,790
    Newest Member
    nkamira
    Joined 25/06/19 23:48
  • Posts

    • Perhaps even less stellar is that none of the essential "Greeks", except for Implied Volatility, are published for any Options on Indexes and Commodities. Options are therefore impossible to price in order to judge "fair value" using any of the traditional metrics. Also since "Theta" is missing one has no idea of the time decay in valuation etc. etc... An account with a futures broker seems the only way if one is serious about Index or Commodity options. I also have an account with Nabtrade, which allows buying calls and puts, as well as writing covered calls for many individual shares but does not allow writing puts, covered or otherwise. What's a punter to do I ask you...?
    • I joined IG  to trade Options chains. and when i enquired i was told i could do this on the Spread Betting platform.  No mention of  needing to telephone in - feel both surprised and disappointed. most likely will close ac. as do not understand why this information was not mentioned
    • Visa are beginning to flex their muscles in relation to tokenisation. This article has just been released. Visa Buys Rambus Payments To Tokenize Any Transaction On Any Network https://www.pymnts.com/visa/2019/visa-buys-rambus-payments-to-tokenize-any-transaction-on-any-network/
×
×