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Steeling Second


Steel your face right off your head!


"My two favorite football teams are the Oakland Raiders and anybody playing the Denver Broncos" -Todd Harrison, Minyan

In honor of the phantom PPI, I wanted to share this email from Super Minyan Sean "I don't care what you say, the Clinton Portis trade was good for my (cough) Broncos" Mueller. Despite his disgusting taste in football teams, he's a sharp cookie (and the winner of the Critter's Choice Award charity auction) so I wanted to put it out there.


A client that sells steel and aluminum just left my office. He told me that the price of steel has DOUBLED since Thanksgiving. He said if there isn't a decline in steel scrap leaving the country, we will see inflation go thru the roof at the rate of 1% each month starting in about three months!

So you know, he called the semiconductor (aluminum sales) 6 months before the high. In other words, he said it was gonna peak in six months and it did.

It now makes sense why the Chinese keep buying our bonds even though they barely are getting interest. It's because the buying keeps the rates low which keeps the dollar weak which helps them buy the steel.

This would all be hilarious if our country wasn't in the dark about it.

Sean Mueller

Obviously--and as evident by our polar opposite tastes in football teams--his views don't reflect Minyanville's or are in any way intended as advice. Still, I thought it was one of the more interesting notes I've gotten and wanted to share it with ye faithful.


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No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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