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What to make of the ’08 soft commodity rally? Things have happened so fast – even I’m not sure in the short term. I still believe that the long-term case (next 5-10 years) is firmly in place. Rising demand and limited supply will take time to fix – and by that time, most of the […]
As stocks continue to flounder, commodities continue to soar across the board. Platinum has set 7 record highs in the last 8 trading days. All wheat contracts also set all-time highs. No doubt this is a flat out bull market. But all bull markets have set backs, so we need to keep that in mind. […]
Look at cotton, coffee, and sugar, he says. This is interesting because I was really kicking myself for prematurely selling my platinum position after it took off last week due to the S Africa drama.
Prediction from T&K Futures. Yes granted, they are obviously inclined towards the bullish end. However their fundamental case is spot on.
Nothing we haven’t discussed before here, but cotton looks ready to take off in the eyes of Agora’s Kevin Kerr.
A USDA cotton report looks neutral in terms of cotton acreage. Traders have been poring over the report, looking for indications that the cotton crop will get the cold shoulder in lieu of higher priced grains. I agree – that’s what ‘should’ happen. Though I’m waiting for a breakout (20-day high) in the cotton market […]
Similar deal as coffee – it’s at the lowest point since September. We’ll keep a close eye on this one from the sidelines – I believe cotton will eventually skyrocket.
Shed about 3K this week, mostly because of coffee. Damn rain in Brazil is killing me. Anyway a few new entries and old friends revisited: * The gold contracts were added when Bernanke dropped his pants. Gold broke the important $800 mark and is showing no signs of slowing down. Still a decent entry point […]
From Agora’s Daily Reckoning: Australia, one of the world’s strongest performing economies over the last decade, is in the throws of its worst drought in recorded history. Earlier this year, Prime Minister John Howard told a largely non-religious Australian population to, “hope and pray there is rain.” Down Under, drought is wreaking havoc on the […]
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