Discover and read the best of Twitter Threads about #lumber

Most recents (5)

#Lumber thoughts:
seems like we are going to break the all-time high.The industry largely accepts this. $2000/mbf is on everyone's mind.

Why? Some are caught short...again...BUT most folks did good job buying but have gotten absolutely hosed by rail logistics out of Canada 1/x
There are stacks of lumber piled up at the producer that are stuck there. 100% of sold, and likely sold at numbers below $1000. But rail cars can't get to the producers to get loaded. Maybe 8 weeks behind now? 2/x
So, spring jobs are starting to call for material. Local lumber yards have to scramble to buy whatever is available in spot markets to buy time to get their cheaper lumber delivered. 3/x
Read 4 tweets
Me reading the revisions on the last new home sales print 🇺🇸💪🏽📈🔥
Remember when people were worried about a W recovery 😏🤣, I don’t think this was it. Honestly, this last report was so good I want to see if it sticks because the new home sales report can be wild month to month—however, those revisions 🔥.
Read 4 tweets
Why do I think #Gold, #Bitcoin are about to tumble? Because of my cross-market-analyses approach with >100 charts pointing to a deflationary bust AND the Elliott Wave structures for Gold, Bitcoin and USD. Let's try investigate 1) Deflationary Thesis and 2) Elliott Wave-structures
The Deflationary Thesis is due to the patterns shaping up in all commodities. Commodities drive inflation. First GSCI Commodity Index - a very clear Ending Diagonal Triangle (Descending Wedge). Calls for DEFLATIONARY BUST before MAJOR SECULAR BOTTOM.
#Wheat which is part of #Commodities setting direction for Inflation. Same pattern! Descending Wedge. Calls for Deflationary Bust - before Major SECULAR BOTTOM. Deflation before New Inflationary Regime!
Read 22 tweets
#US #IndustrialProduction numbers were released yesterday for Apr-end. The picture isn't pretty. Showing below how bad it was in the last 2 months in actual numbers. (comparing Feb-end with Apr-end; Grey areas show previous recessions). The index itself declined 15.3% (1)
PART1: Industries underperforming the IP Index

1. #MotorVehicles & Parts - down 80% in 2 months. It's the LOWEST since 1972. (2)
2. #DurableConsumerGoods - down 47% in 2 months (3)
Read 17 tweets

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