#lumber #futures #cash $LBU20 Lumber futures have more than 2X’s in price since the start of the year to mark their highest levels record. Futures prices for the front-month September lumber contract settled at 939 per 1,000 board ft Thursday, the highest on record, according to Dow Jones Market Data. Prices based on the front months […]
#home #shortage #demand In spite of the chaotic economic downturn last Spring, a home buying frenzy boosted home prices by almost 9% and pushed available housing inventory down 30% in August compared to the same time last year, according to Zillow. A foreclosure moratorium on federally-backed mortgages which was designed to keep people in their homes […]
$GLD $XAU $SLV $XAG $USD Australia’s largest gold refinery has ramped up production of 1 kilogram bars to ease the supply squeeze in the US that helped propel a surge in the premium for New York futures. The collapse in air travel that’s grounded passenger jets used to transport gold products and virus-related disruptions to some […]
America’s Trucking Industry Needs Over 60-K Drivers Trucking companies have a labor shortage, with over 60,000 open positions this year and 2X that number expected in coming years, it signals a crisis that could undermine the US economy “Trucking is seen as a last resort if people can’t find another job,” an admissions representative at […]
US Home Sales Fall, Prices Rise to Record Highs $DIA, $SPY, $QQQ, $VXX US home resales volumes fell more than expected in June as a dearth of properties pushed house prices to record highs. The National Association of Realtors said Monday existing home sales dropped 1.8% to a seasonally adjusted annual rate of 5.52-M units […]
Lithium Miners are Setting Out to Tap New Reserves $TSLA The Electric Vehicle (EV) is here, there is no going back now As I have said in the pas Lithium is the new fuel, but the reserves the miners are currently tapping into are finite, and investors can take to the bank. The Big Q: […]