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Grains More Precious than Gold? / Muni Opportunity

GRAINS MORE PRECIOUS THAN GOLD?

Soft commodities got another bid Tuesday, again on fears of shortages. Are grains now more precious than gold?

Get the latest straight from the trading floor. Watch the video now and check out our conversation with Rich Ilczyszyn of Lind Waldock.

Fast Money executive producer wrote about this trend at length. Click here to go to "Grains More Precious Than Gold After Egypt Revolt"









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OUTSIDE THE STOCKS: BUYING OPPORTUNITY OF A LIFETIME FOR MUNIS?

Is there a buying opportunity in beaten-down municipal bonds? Find out from legendary muni-bond investor Alexandra Lebenthal, president of Lebenthal & Co.

Watch the video now!




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Trader disclosure: On Feb 2, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Adami's wife works for (MRK); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman's firm is short (IJR); Finerman's firm is long S&P puts; Finerman's firm is long Russell 2000 puts; Finerman owns (AAPL); Finerman's firm owns (AAPL); Finerman owns (BAC); Finerman's firm owns (BAC) leaps; Finerman's firm owns (BBY); Finerman owns (BP); Finerman's firm owns (BP); Finerman owns (C); Finerman's owns (GOOG); Finerman owns (HPQ); Finerman's firm owns (HPQ); Finerman's firm owns (IBM); Finerman owns (JPM) and (JPM) leaps; Finerman's firm owns (JPM) and (JPM) leaps; Finerman's firm owns (MCD); Finerman owns (MSFT); Finerman's firm owns (MSFT); Finerman's firm owns (TGT); Cortes is long U.S. Treasuries; Cortes owns (TSN); Cortes owns (EXC); Cortes owns (MO); Cortes owns (PM); Cortes owns (GS); Cortes owns (MS); Cortes owns (SVU); Cortes is short (LVS); Cortes is short (BAC); Cortes is long U.S. Treasuries; Cortes owns (TSN); Cortes owns (EXC); Cortes owns (MO); Cortes owns (PM); Cortes owns (GS); Cortes owns (MS); Cortes owns (SVU); Cortes is short (LVS); Cortes is short (BAC)

BRIAN KELLY
Accounts Managed By Kanundrum Capital Own (ATW)
Accounts Managed By Kanundrum Capital Own (BAC)
Accounts Managed By Kanundrum Capital Own (EBAY)
Accounts Managed By Kanundrum Capital Own (GLD)
Accounts Managed By Kanundrum Capital Own (MS)
Accounts Managed By Kanundrum Capital Own (SLV)
Accounts Managed By Kanundrum Capital Own (DBA)
Accounts Managed By Kanundrum Capital Own (JJG)
Accounts Managed By Kanundrum Capital Own (MON)
Accounts Managed By Kanundrum Capital Own (ATW)
Accounts Managed By Kanundrum Capital Own (RDC)
Accounts Managed By Kanundrum Capital Own (TLT)
Accounts Managed By Kanundrum Capital Are Short Australian Dollar
Accounts Managed By Kanundrum Capital Are Short The Yen

JOSHUA BROWN
Brown owns (AAPL) for clients
Brown owns (AIG) and for his clients
Brown owns (AMZN) for clients
Brown owns (ARMH) for clients
Brown owns (AXP) for clients
Brown owns (BA) for clients
Brown owns (BAC) for clients
Brown owns (BP) for clients
Brown owns (C) and for his clients
Brown owns (CSCO) for clients
Brown owns (F) for clients
Brown owns (FCX) for clients
Brown owns (GE) and for his clients
Brown owns (GS) for clients
Brown owns (GDXJ) for clients
Brown owns (GLD) for clients
Brown owns (HPQ) for clients
Brown owns (JPM) and for his clients
Brown owns (MSFT) for clients
Brown owns (MS) for clients
Brown owns (QCOM) and for his clients
Brown owns (VZ) for clients
Brown owns (WFC) and for his clients
Brown owns (COW) for clients

RICH ILCZYSZYN
Ilczyszyn Has No Disclosures

KEITH WIRTZ
Wirtz has no disclosures

KEVIN CRISSEY
Within the past 12 months, UBS AG, its affiliates or subsidiaries has received compensation for investment banking services from (UAL)
UBS AG, it's affiliates or subsidiaries expect to receive or intend to seek compensation for investment banking services from (UAL), (LCC) in next three months
(UAL) is an investment banking client of UBS Securities within the past 12 months
UBS AG, its affiliates or subsidiaries own 1% or more of a class of (UAL), (LCC) common equity
UBS Securities LLC is a market maker in (JBLU), (UAL), (LCC)
UBS Securities LLC is acting as an advisor to Continental Airlines on its announced agreement to merge with UAL Corp

ALEXANDRA LEBENTHAL
Lebenthal has no disclosures

RON SHAH
Shah has no disclosures

WILLIE WILLIAMS
Societe Genarale facilitates transactions in tradeable currencies

SCOTT NATIONS
Nations has no disclosures

FAST MONEY 360
Stifel Nicolaus is a market maker in (CVS)

GUY ADAMI FAST FIRE 12/21/2010
Adami had no disclosures in (JEF) on 12/21/2010

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GE owns 49% of NBCUniversal
GE owns 49% of CNBC

CNBC.com with wires.