We will soon see if this is a short-term trade or the leading edge of hyperinflation.

Regards - VHF

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Commodity Prices Surge

John Jansen

August 3, 2009

Commodities Advance to Highest in 5 Weeks as Economic Growth Spurs Demand

 Tyson Foods‘ Third-Quarter Earnings Increase on Higher Chicken Prices
Copper Jumps Most in Seven Weeks to 10-Month High in N.Y. on China Outlook
Gold May Advance in London as a Weaker Dollar Bolsters Demand for Hedge
Natural Rubber Jumps to Highest in Almost Nine Months as Crude Oil Gains
Palm Oil Posts Longest Winning Streak in Three Months, Tracking Soybeans
Soybean Futures Surge on Speculation Cool Weather in U.S. to Hinder Crops
Oil Trades Near One-Month Peak on Speculation Energy Demand Is Recovering
White Sugar Rises to Highest Since at Least 1989 in London on Shortfall
GrainCorp Raises Profit Forecast Again as Deliveries Climb; Shares Advance
Chalco Raises Alumina Price for Third Time This Year as Smelters Restart
ArcelorMittal Considers Selling Down Macarthur Coal Stake, Review Reports

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Also...

The yield on the 2 year note has increased a basis point to 1.12 percent. The yield on the 3 year note has climbed 2 basis points to 1.61 percent. The yield on the 5 year note has jumped 5 basis points to 2.57 percent. The yield on the 7year note soared 6 basis points to 3.20 percent. The yield on the 10 year note also climbed 6 basis points and rests at 3.54 percent. The yield on the Long Bond has climbed 5 basis points to 4.35 percent.