Monday, October 15, 2012
Coffee as a name comes from the Arabic word “qahwa” and the term “coffee” is also derived from the Turkish word “kahve.” It means ‘a drink made from the berries of plants’. There’s a legendary story of an Ethiopian shepherd’s sheep which stayed awake all night after eating coffee berries. Shepherd’s name was Kaldi who also tried the berries himself and discovered the same effects alertness. In Turkey, they say ‘coffee comes from Yemen’ which actually refers to coffee’s first use in Sufi ceremonies in Yemen. Sufis stayed up all night for praying by the help of coffee. The first coffee house (kahvehane) was opened in Cairo in 1521. In a short time coffee gained a reputation as the miracle drink among Islamic communities in Cairo, Damascus and Aleppo which were a part of Ottoman Empire. Finally in 1555, it came to Istanbul and was introduced to Western world by Turks later in the 17th century. Since then, coffee has played an important part in the lifestyle of the Turkish people.
Kind of makes your day get kick started for even markets like we are in now. Certainly in 08 we were running on the type of adrenaline that will come along only once in most of our lifetimes. If you survived it, then you can brag to a lot of people in the years to come that you traded one of the biggest crashes in history. Most of you will not fully grasp what happened to us all until we look back in about ten years.Unfortunately there will be even more dramatic changes ahead for us all. How it plays out is not clear yet, but it WILL involve a lot of pain for us all. It already has for many millions in our country and for hundreds of millions around the world. Again....this is only the beginning. You and I will play the game. That is what we are choosing to do. Perhaps we just cannot escape the conditioning, nevertheless we are still at the table.
Pay no attention to the short term movements here. Any compression of the upward move in PMs will only provide more energy for the next upshot. I only marvel at how easily they still play the sheep. Use leverage with decay as your enemy at your own peril. By all means stay alert. BACK to the title of this post...
Posted by kliguy38 at 9:30 PM