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Lumber rocks.....

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It's not often a market swings like Lumber has over the last 5 days. Certainly not slumber in Lumber, more WTF are you joking??? OK so 3.3% increase in spending on DIY and construction materials equates to price rises 3+% in a day of frenzy! But this has been more a very long weekend of frenzy and Lumber lunacy.  Naturally one of my accounts has been caught in it (wrong side) and is looking at demolishing over a months worth of profits. All very sobering. My bias has been that Lumber should stay reasonably priced during a general slowdown, or economic pause. $38000 aprox for the price point.  Just goes to prove that anything can happen. Plus a buying frenzy is something to behold. Expect others managed to profit. Well done and have a beer on me.

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