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In his latest quarterly letter, GMO’s Jeremy Grantham has one-upped Jim Rogers in predicting how long this bull market in agriculture is going to last. “It now appears that we are also about five years into a chronic global food crisis that is unlikely to fade for many decades, at least until the global population has […]
In an interview with The Economic Times, Jim Rogers said he’s short “most” emerging markets via the indices: Jim Rogers: I am still short on India. You all should stop calling me up because I am still short India. Yes I love India as the most wonderful country in the world to visit as a […]
The reported end, or at least pause, of QE, is exactly what the deflation camp has been waiting for. (Well…sort of. Since some liquidity is going to be hanging around in the form of “QE2.5”. Remember when Bernanke claimed that after QE1, the Fed would remove the excess liquidity from the system?)Regardless, after June, the […]
Beijing remains concerned about corn supplies, especially in the medium to long-term, the South China Morning Post reports, as China is becoming a big-time importer of corn: “China’s net import of corn could exceed 20 million tonnes in three years,” said Liu Xiaobo, a Shanghai-based food analyst from Everbright Securities. “Most of the corn imports […]
I’m thrilled to report that while in Singapore last week, I had the great honor of interviewing Jim Rogers in person. He was extremely kind in hosting me and entertaining my questions, and I’m excited to be able to share our fun 45-minute chat with you here. As you may know, I’m a longtime reader […]
Here’s a classic example of why it’s advisable to keep your stops just below obvious levels – and out of the market, too. Our rice trade thus far has not panned out as hoped (we bought the two-year breakout in rice prices on February 1st – here’s why). After an initial continued run higher, rice […]
We’ve seen a lot of mustard on the price action in rough rice since we initiated our long May 2011 futures position – but for all that, we are just about where we started: Which, actually, is perfectly fine with me. Since I generally use a 15-day low as my stop on these trades, a […]
So far, so good on that “long rice” trade – always a good sign when your position is the only green on the screen! Today was a forgettable one for most grains – but rice stood tall amidst the apathy. (Source: Barchart.com) For some background on our rough rice trade… The favorable supply/demand fundamentals The […]
Regular readers know that we’ve been keeping a keen eye on rough rice ever since Jim Rogers said “if rice went down, he’d buy more.” That prompted me to take a look at the supply/demand fundamentals of rice, and conclude that things were teed up for a potential rally in this unsung grain. A recent […]
One of the biggest mistakes that I personally have made as an investor over the past 18 months has been underestimating the power of the reflation trade. While you probably know I’ve been a big time commodity bull since 2004 (and had a lot of success in agriculture especially), I “lost my way” after getting […]
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