<EM>"my take is that the war effort is using up a lot of lead"</EM>.......
RIGHT....just keep believing that nonsense....we have like 1 lead mine/producer in the US, and it's on the verge of being closed, and millions of speculators world wide.
WE ain't shootin gold bullets, but the price of gold is up, look at the price of corn..
We have been lied to about inflation being zip, these prices we are seeing are just the calm before the storm. Inflation is inevitable. Too many Americans keep thinking that they can survive on yesterdays money and the way it used to be......good luck.
Every day the Chinese and the Indians buy up our debt, we're printing money, and that means the prices have to go up....when you see a price increase it's because your dollar value dropped.
The European gun enthusiasts are in heaven right now.....why......because the EURO has value. One only has to look to Canada, where their dollar is now worth almost as much as ours. All it's gonna take is for that first domino to fall.
In Italy on the trap ranges they have a 45 degree angle screen in the shot drop zone. The shot hits the screen, runs down into a rain gutter and flows into a bucket. They recover 96 percent of the shot and it is ready to reload. To bad we are not smart enough to do the same. HMB
"Oh and just an FYI. New shot will go up again within the next 2 weeks. "
OK Terry, what is your take on the price going up? The military isn't using more than 6 months ago. New EPA regs. have not just kicked in. So is there an ominous reason that lead is going up and why it will not come back down in the near future?
Last time I was at GU Winchester 209's were up to $34 or so, more than the STS. Is this also a sign of things to come or simply the normal ebb and flow the free market at work?
Its really is simple when Gold goes up lead also goes up all you need to do is watch the commodities market every time gold goes up lead goes up.
Unfortunately it never goes back down I remember buying lead for $5.00 to $6.00 a bag then the market(Gold)went up and lead went up to $25.00 or more a bag. After 20 plus years it got back down to $12-13 a bag now look where it is. Cheer up it will never be back to $12-13 a bag you will be lucky this time if it ever comes back down below $25 a bag.
Commodities are dollar denominated. When the dollar is weak(against other currencies) it takes more dollars to buy the same amount of any commodity. The stockpile of lead is up yet the price defies demand and supply--it is the dollar. The dollar strengthened in June(which drove lead prices down) due to a rush to safety when Greece, Portugal and Ireland were on the brink of defaulting on their debt(those currencies were sold and dollars purchased to pay for US securities--esp. treasuries). The US Treasury has the authority to intervein on the dollar's exchange rate. A weak dollar makes US goods and services cheap which is good for exports and, thus, stimulates our economy. Don't look for intervention to strengthen the dollar; look for another rush to the dollar as a safe haven.