#Commodity

[falseandrealultravival]

Dialogue with Gemini (33) Top 5 most traded goods in the world

My question:

I hear that the most traded commodity in the world is oil, and the second is coffee. So, what are the top five traded commodities, number three, four, and five?

世界でもっとも多い交易品は石油で、二番目はコーヒーだと聞く。では、交易品３位、４位、５位のベスト５は何になるか？

Gemini’s answer:

While oil is indeed one of the most traded commodities, your information about coffee being the second most traded is not quite accurate. Here's a breakdown of the top five most traded commodities:

Crude Oil: This remains the most traded commodity globally due to its extensive use in various industries, including transportation and energy production.

Natural Gas: As a clean-burning fossil fuel, natural gas is increasingly sought after, making it a significant commodity in global trade.

Gold: A precious metal valued for its investment potential and use in jewelry, gold is a staple in commodity markets.

Silver: Another precious metal, silver is used in various industries, including electronics and photography.

Copper: A vital industrial metal used in construction, electronics, and other applications, copper is a crucial commodity in global trade.

While coffee is certainly a significant commodity, particularly in agricultural markets, it doesn't rank among the top five most traded commodities globally.

Impression:

I think I misheard somewhere. Do industrial products exceed agricultural products in volume?

[referencetaurus]

inspired by memories, moments, experiences & feelings---those that are intimately personal

[j-august]

The habit thus early forced upon him, of regarding himself as an actual producer, i.e. as a maker of articles with a definite market value, must have been beneficial to him. The existence of a class of real patrons, whose tastes had to be consulted, and whose pockets contained actually interchangeable coin of the realm, must have placed some insistence upon the social aspect of art, and have helped the boy from making the mistake which so many subsequent artists have made, of considering their work merely as a means of super-individual or universal communication.

Walter Sickert on JMW Turner, quoted in Anthony Bailey, J.M.W. Turner: Standing in the Sun

[ourladyofomega]

[theshoegirldiaries]

It was National Fragrance Week last week and I had a plan, but after calling out a technician to fix our landline, we ended up not only with no phone, but no internet either. Thankfully it's all sorted now (without the need to dig up the road/pavement like the first guy said), but I'm all out of sync and playing catch-up yet again (I'm likely never going to get caught up in all honesty, with my health the way it is), so here's a summary anyway of my #scentoftheday last week, which were all fragrances I hadn't tried before.

Left to right; Commodity Juice Expressive EDP, YSL Black Opium Glitter EDP, Gucci Flora EDP (honestly can't believe I managed to get my hands on this mini, I've always wanted to try it), Flower Knows Strawberry Milk Shake EDT (Strawberry Cupid), KAYALI The Wedding Silk Santal | 36 EDP Intense, Prada Les Infusions De Gingembre EDP and Floral Street Arizona Bloom EDP.

[wigilham]

Which Platform is Good for Commodity Trading?

Commodity trading has grown in popularity as investors seek to diversify their portfolios beyond traditional stocks and bonds. With the rise of online trading platforms, choosing the right platform for commodity trading can make a significant difference in your trading experience and profitability. 

Top 10 Platforms for Commodity Trading:

Finding the best commodity trading platform is crucial for beginners looking to trade commodities such as gold, silver, and crude oil. Whether you need a mini futures broker or a comprehensive trading app, the right platform can enhance your trading experience. Here’s a quick overview of the top platforms to help you get started:

1. AvaTrade

Pros: User-friendly, offers both CFDs and futures, extensive educational resources, regulated globally.

Cons: Higher spreads, limited advanced features.

2. Eightcap

Pros: Low fees, ideal for beginners, mobile app available, offers a 20% deposit bonus.

Cons: Limited contract trading tools, fewer educational resources.

3. IG

Pros: Wide market selection, in-depth research reports, user-friendly.

Cons: Higher commissions, complex for beginners.

4. Interactive Brokers

Pros: Access to global exchanges, competitive fees, strong market insights.

Cons: High minimum deposit, steep learning curve.

5. Exness

Pros: Low fees, good educational content, mobile trading available.

Cons: Limited niche market access, complex platform for new traders.

6. CMC Markets

Pros: Low spreads, advanced charting tools, extensive educational content.

Cons: Complex for beginners, limited support for mini futures.

7. E*TRADE Futures

Pros: Low commissions, fast execution, strong research tools.

Cons: Limited educational content, restricted customer support hours.

8. NinjaTrader

Pros: Low-cost futures trading, real-time data, advanced tools for professionals.

Cons: Steep learning curve, limited customer support.

9. TradeStation Futures

Pros: Comprehensive tools for experienced traders, wide market access, strong risk management features.

Cons: High commissions for small traders, not beginner-friendly.

10. Webull Futures

Pros: Commission-free trading, mobile-friendly, real-time data access.

Cons: Limited selection of commodities, minimal educational content.

Each platform offers unique advantages tailored to different trading styles. Beginners should consider factors such as fees, ease of use, available educational resources, and market access before making a choice.

[fieriframes]

[Bombay is a city where gossip is treated as a commodity.]

[ellisdee161]

Eat Shit Die

[palmytomo]

[wishlisted]

“Juice” fragrance from Commodity

Notes: raspberry pulp, strawberry, violet leaf, bulgarian rose, cyclamen, amberwood, rhubarb

[ecologyalike]

How about if tourism was stripped of its commodity logic?

Photo by Elizeu Dias on Unsplash

In the capitalist world, tourism is a commodity, a consumer good to escape life's worries, a getaway from the everyday mundane wage-earning reality, and a highlight of a few weeks of annual leave. Once packaged as a commodity, we also demand that it delivers what the wrapping promises. “A worry-free time with good food, sun, and easy access to a few Instagrammable destinations to share with friends and family.”

But there is a deeper meaning for travel beyond what a holiday package can offer. This deeper meaning is rarely met if the starting point is to define tourism as a commodity. If the travel were a pilgrimage, a lifelong learning journey focused on exploration and making new connections, it would start to resemble a different animal altogether. 

If the purpose of the travel would be an inner practice of meeting and experiencing culture, environment, and people, it would mean staying on the often-uncomfortable edge, experiencing something different from your familiar surroundings. Travel - a pilgrimage into your life on the planet earth shared with others.

And as a pilgrim, you would not be looking for luxury and comfort because you did not travel there to consume what “they” or the place can offer, searching for the cheapest and most authentic experience from an online app. Instead, you would be there to learn about yourself, reflect on your reactions when meeting the new, and practicing seeing “them” as equals with mutual wonder and reciprocity.

The world of uncommodified tourism is not a one-way street where only you can go and take what is available; it is open to travel in both directions. In this world, you are equally aware that “they”, however different and a little nerving, may come to see you at your home, even at an unexpected time, when you welcome them with open arms and prepare a feast of reunion.

[ennovance]

Do Commodities Provide a Hedge Against Recessions? We Ran the Numbers

The answer: It depends on the commodities and how you buy them

https://www.wsj.com/articles/commodities-recession-hedge-ab287283 @wsj #investment

[jazeerajin]

Reza Aramesh

[the-first-door]

tbf commodity fetishism isnt just buying shit

people often false dillemma these two viewpoints where it's like:

"people who buy [X] are dirty fake Marxists" (this includes boycott-supporters for the record, even though boycotts are decidedly un-Marxist as a matter of theoretical principle) "there's no ethical consumption under capitalism which means i get to buy AI revenge porn"

patterns of consumption are nearly 100% detached from revolutionary activity---a boycott, for example, could only ever be useful insofar as one firm in a competitive market is betraying its class position to support proletarian revolution (because boycotts are just price signals that push comparative demand for firm X down, enabling better positions for other firms), which is A. extraordinarily rare and B. self-defeating, since that firm would cease to be a firm very quickly.

that means starbucks, mcdonalds, iphone venezuela, frilly pillows, etc. are all fine btw. there is no 'moral character' necessary for being a revolutionary (the Party cooperates with serial killers, mass murderers, etc if the benefit outweighs the cost). you don't need to fransciscan it up and live in poverty in solidarity with third-worlders. the average third-worlder watching you do that would probably call you stupid.

same is true with like, 'justifying' your purchases by calling them necessary. you don't need to

now that's not saying like there are no independent moral reasons to not buy certain shit. obviously the case against buying jeans is nearly zero, but i think the moral case for even pro-palestine boycotts is pretty weak as well:

You individually do not affect the decision-making of this business. Due to bourgeois class interests, you are merely incentivizing it to obscure its support for Israel. The demand you remove from it, if substantial, merely goes to other firms---which, by virtue of being firms, serve bourgeois class interests and ultimately support the Israeli bourgeoisie. By joining social democratic movements for in-capitalism reform, you contribute towards the success of the... social democratic movement. (btw this is synonymous with fascism---ask me later)

commodity fetishism is when, due to the nature of exchange along a market, commodities are presented as having value in themselves rather than as a product of human labor. this fundamentally overrides the human laborers who produced it, such that agents on the market will LITERALLY perceive each other as the commodities exchanged. the reason i clowned on that trinkets post earlier is an "intense love of trinkets" somehow contesting anticapitalist sentiment is DEFINITELY downright ignorance of the exploitation of the human laborer behind the 'trinkets.'

however buying jeans does not count as... that. commodity fetishism does not mean "when i like an object"

Every time i purchase a moderately expensive item the Karl Marx on my shoulder is like "For shame... you purchase yet another pair of jeans when you have 5 already at home, you despicable commodity fetishist? In my time, a man with five outfits would consider himself blessed beyond measure, and yet you want for more, while there are children starving in the world??" to which the second Karl Marx on my other shoulder says "Objection! Those 5 pairs of jeans all wildly uncomfortable or have holes in the ass, due to the decline of clothing quality driven by the fast fashion industry, unfortunately making this purchase a necessity... Plus, by purchasing a slightly more expensive pair of jeans from an independent brand, seeking quality over 'brand recognition', they are deliberately trying to avoid engaging in conspicuous consumption!" to which the third Karl Marx clinging to my back like that beetle from Doctor Who says "Remember, my friend; the less you eat, drink, buy books, go to the theatre or to balls, or to the pub, and the less you think, love, theorize, sing, paint, fence, etc., the more you will be able to save and the greater will become your treasure which neither moth nor rust will corrupt — your capital. Buy the jeans," to which I say "I don't know if any of you have actually read Karl Marx"

[mymaamarkets]

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[fieriframes]

[Uniqueness is the commodity of glut.]