from Silver Doctors:
Whether we’re talking about oranges, or silver, or microchips, or prices, or supply chain disruptions, and more, the shortages are…
(by Half Dollar) Remember when the price of crude oil dropped to something like negative-forty-bucks a couple of years ago?
Yeah, well, nobody ever paid me to fill up my vehicles or my fuel cans.
Funny how that worked out, isn’t it?
TRUTH LIVES on at https://sgtreport.tv/
Or how about the ongoing $20ish price for silver on the futures market?
Ha!
Funny again.
Which brings me to something I’ve had on my radar for a couple of months now, oranges, for no other reason than to reconfirm my beliefs and working theories that anything and everything in the markets and in the economy is not only totally out-of-whack, but also extremely relative:
That, and reaffirming my feelings that the doom hype and the fearmongering are off the charts.
Plus, I’ve been known to eat an orange from time to time, so there’s that too.
But don’t take ‘Ol Half Dollar’s word for it, read the bad analysis for yourself using an example from Everybody’s Favorite Wannabe Alternative Media Website, published just yesterday (bold added for emphasis and commentary):
Orange juice futures squeezed to a near-record high ahead of another US Department of Agriculture’s crop report on Friday that will likely show tight global supplies will persist well into the new year.
Uh, sure.
Those “tight” supplies will “persist”, huh?
Perhaps in some less fortunate parts of the world, but the last time I checked, oranges were the primary ingredient in orange juice, and in my direct, recent personal experience, which spanned the generally Eastern half of the United States, not only is there no shortage of oranges, but real-world orange prices are not only stable but currently falling across the board.
For example, I took this picture in some random Walmart in Haines City, Florida, on November 23, 2022:
There were plenty of fresh California oranges to go around.
And just yesterday, December 7, 2022, Wifey bought 8 pounds of fresh oranges for a total of $5 here in Northwest Ohio:
Naturally, I rounded up the price for ease of typing.
Don’t judge.
Now, I mention the example of oranges to make a few points.
First, these nothingburgers are cooked up all the time, and using Everybody’s Favorite Wannabe Alternative Media Website as our baseline yet again, we can see that last year, it was that Pesky Frost in Brazil that was the culprit for The Great Orange Crisis of 2021, while this year, apparently, Florida got rocked by a hurricane which is supposedly bringing on The Even Greater Orange Crisis of 2022.
