I post the below Thursday evening and got lucky(so far), a big play. for me. I look for a pullback tomorrow. Addendum, my play on it is RJA, a Jim Rogers food fund
http://stockcharts.com/h-sc/ui?s=RJA&p=D&...9348507590
Four reasons food prices could soar this year.
1. A drought pocket is forming in the Dakotas(lots of corn in the eastern half of each). Also most of Nebraska, Iowa and Minnesota drying. It is not showing up yet on the US Drought Monitor, but Weather Underground 10 day forecasts and past month records for those areas show it drying out.
http://droughtmonitor.unl.edu/
https://www.wunderground.com/q/zmw:50301.1.99999?MR=1
https://www.wunderground.com/cgi-bin/findweat...atte%2C+NE
https://www.wunderground.com/q/zmw:55450.3.99999
2. Grain prices trade world wide and a falling dollar will add to prices for the US, if the dollar slide continues.
http://www.finviz.com/futures_charts.ashx?p=d1&t=DX
3. The major media loves the global warming scenario and will jump on any shortage of anything like it is a disaster. Today's' article below is like a prep?
http://www.foodnavigator.com/Policy/Food-pric...hokepoints
RJA went up at the start of the drought in 2010 in SW US and Mexico. RJA went from $6.90 to $11.64 in exactly 8 months. That is a gain of 68%. In that time frame the dollar did fall from slightly about 80 to 78. In 2010 the Global Warming crowd, now Climate Change chorus was not near as loud. I believe RJA has the potential to double from here or higher in less than a year.
https://finance.yahoo.com/chart/RJA#eyJtdWx0a...I6Im1heCJ9
4. An added element is I believe, but can't prove is that prices are lower compared to cost now than in 2010 and I have seen bullish stories on wheat, soy, coffee, cacao and more having no affect on the commodity.
On the bear side, oil prices went up in that period, especially gas at the pumps. But, if the dollar keeps falling, it goes up in the US.
What could go wrong, lol.
I got some nice watches and magic oils to sell you too
http://stockcharts.com/h-sc/ui?s=RJA&p=D&...9348507590
Four reasons food prices could soar this year.
1. A drought pocket is forming in the Dakotas(lots of corn in the eastern half of each). Also most of Nebraska, Iowa and Minnesota drying. It is not showing up yet on the US Drought Monitor, but Weather Underground 10 day forecasts and past month records for those areas show it drying out.
http://droughtmonitor.unl.edu/
https://www.wunderground.com/q/zmw:50301.1.99999?MR=1
https://www.wunderground.com/cgi-bin/findweat...atte%2C+NE
https://www.wunderground.com/q/zmw:55450.3.99999
2. Grain prices trade world wide and a falling dollar will add to prices for the US, if the dollar slide continues.
http://www.finviz.com/futures_charts.ashx?p=d1&t=DX
3. The major media loves the global warming scenario and will jump on any shortage of anything like it is a disaster. Today's' article below is like a prep?
http://www.foodnavigator.com/Policy/Food-pric...hokepoints
RJA went up at the start of the drought in 2010 in SW US and Mexico. RJA went from $6.90 to $11.64 in exactly 8 months. That is a gain of 68%. In that time frame the dollar did fall from slightly about 80 to 78. In 2010 the Global Warming crowd, now Climate Change chorus was not near as loud. I believe RJA has the potential to double from here or higher in less than a year.
https://finance.yahoo.com/chart/RJA#eyJtdWx0a...I6Im1heCJ9
4. An added element is I believe, but can't prove is that prices are lower compared to cost now than in 2010 and I have seen bullish stories on wheat, soy, coffee, cacao and more having no affect on the commodity.
On the bear side, oil prices went up in that period, especially gas at the pumps. But, if the dollar keeps falling, it goes up in the US.
What could go wrong, lol.
I got some nice watches and magic oils to sell you too
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