Look, I'm gonna tell you something, and you better listen. Everybody's sitting on OJ right now waiting for it to bottom out so they can go long cheap. But I'm telling you -- the crop report is clean. Nobody got hit by a freeze. Prices are about to run. You buy at sixty-four, you clear out the suckers, and then you ride it up. That's not a tip. That's street intelligence. And it doesn't cost you a dollar.
The herd is scared. The herd is always scared. While they're running, you're buying. Pay attention to what people aren't saying on the floor.
| COMMODITY | LAST | CHG | STATUS |
|---|
| COMMODITY | 1983 | TODAY | × | BILLY RAY SAYS |
|---|---|---|---|---|
FCOJ Your morning OJ |
140¢/lb | ~210¢/lb | 1.5× | Still the one that matters. |
PORK BELLIES That's bacon |
60¢/lb | ~142¢/lb | 2.4× | People loved bacon then. People love bacon now. |
GOLD The thing Mortimer hoards |
$381/oz | ~$3,300/oz | 8.7× | Should've bought more. A lot more. |
CRUDE OIL Every gallon you've pumped |
$29/bbl | ~$63/bbl | 2.2× | The world runs on it. Always did. |
COFFEE Your morning coffee |
$1.23/lb | ~$3.80/lb | 3.1× | Nobody ever stopped drinking it. |
SUGAR Everything sweet you've eaten |
7¢/lb | ~19¢/lb | 2.7× | Sweet deal. Then and now. |
WHEAT Your bread, your pasta |
$3.55/bu | ~$5.30/bu | 1.5× | Boring. Reliable. Buy it. |
SILVER The other metal |
$8.50/oz | ~$33/oz | 3.9× | Underrated. Always underrated. |
The events dramatized in Trading Places (1983, dir. John Landis) proved so accurate a depiction of commodity market manipulation that the Dodd-Frank Act of 2010 included a provision informally known as the "Eddie Murphy Rule" -- CFTC Rule 180.1 -- which broadly prohibits manipulative and deceptive practices in commodity markets, including trading on nonpublic government information.
The Duke brothers' orange juice scheme went from Hollywood plot device to federal regulatory precedent. A fictional heist in a 1983 comedy is now cited law. Not bad for a one-dollar bet.
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