is now (in theory) nearly complete and we should see a significant run higher at some point over the next two years. I think we'll be complete on the downside with this year's harvest. We're probably near the bottom already but there could be more selling pressure left. I'm accumulating CORN and JJG slowly at these levels.
and the market cap of this ETF is growing. Corn is looking cheap and speculators are starting to place their bets. So far, the trend remains down. Of course, we know at some point things will turn around. Weather is the wild card.
MANU is valued quite reasonably considering the sponsor, tv and ticket revenues which just keep rising. Hopefully, MANU will achieve a European Championship entry next year.
We'll see if we continue drifting lower to the $18ish low or reverse. Gold usually leads the way higher or lower, but silver has the beta effect and gold is the alpha dog. As usual, I'm slowly accumulating SLV at $20 and below. Today was a buy at $19.06 and as usual I'll just play the beta. AGQ is interesting when silver gets nailed and is way oversold. Talk about beta on the bounces! I always stick with unleveraged ETFs unless we get nailed (SLV and/or PSLV). Right now I'm just in SLV.
Worthless degrees are worthless, and the US is tired of paying for it! ITT can't even file financial reports any more - what a joke! Live and learn - time to go back to school for another lesson! How long will these jokesters ship you a worthless diploma if they get paid thousands of dollars?! University of Phoenix is coming up soon! No offense - but sham on-line diplomas have been well documented for many years now.
Don't know, but after dropping for the past two years from $52+ to $26, we know CORN is most of the way through the decline. I suspect we could stay low until the focus begins on next year's crop and the uncertainties of the weather put a premium back in the pricing. Corn won't go to zero, and after dropping from $8+ a bushel to now close to $3.50 we can't have too much further to drop. Everyone is now expecting another bumper crop, so my guess is its largely already priced in at 3 1/2 versus 8. Nibbling at $26 but largely waiting because we could stay in a funk for at least a few more months.
I just started a very small position for now. We could be swimming in corn this fall and find the price either remains low or gets lower still - the trend is definitely down. However, corn prices won't go to zero and as the price goes towards $3 a bushel I have to wonder how much lower it can go. The soybean to corn ratio, now at 3.34, is nearly as high as its ever been in forty years, which also gives me pause on just how much downside is left in corn. I will look to add either by averaging in on further weakness or just waiting to see what the expected bumper crop does to prices. It might take a while to happen, but there is no doubt in my mind that corn will eventually get more rallies.
says corn is dirt cheap compared to soybeans. We'll see how this plays out, but the ratio is near 3.2 which is at peak levels according to the forty year charts. Corn is getting mauled as they are expecting to be swimming in it with this year's harvest (back to back bumper crops) and very low cattle feed demand. Sooner or later, though, prices have to be getting near a bottom. Probably not there yet, with more pain to come, but I don't see corn going much below $3 (if it manages to get there).
No chance of BK with their balance sheet and punk profits, but with no same store sales growth (or even negative growth), this stock probably stays in the crapper for a while.
going back to 2011 $49 high. For over three years, spot silver hasn't broken the downtrend line, so if we do this time it would be a definite tell imo. Otherwise, we dip again going into Q2 June 30th close. We should see a big up or down move, based on the chart, and one could hope we've started a good up move. Too early to tell, but this is a critical juncture imo.
Silver seems to have no volatility. I don't care if this thing moves North or South, but I can't make money unless it actually moves! Worked well for a while, and now it just sits there like dead money. We know this thing is anything but dead, but its acted like it recently. Oh well. Its June and if this thing doesn't crack and break down by month-end, its probably going to bounce again. $15 and $25 seem to be the primary targets. Low risk imo but right now no volatility.
Actually they can. GG looking at all-in costs below $1,000 an ounce. You go with the best in class miner during tough times, the one with the best balance sheet, best assets, best management - that would be GG. June is a lousy month for PMs so we might see another good buying op in the next two or three weeks imo. Q2 end 2014 could be just like Q2 2013.
and this could cause silver to break through the support of $18ish we have seen for quite some time. I only have a small stake in SLV but I'm starting to look at AGQ, GDX and even NUGT if we get a June rout like last year going into the end of Q2. SLV is totally unlevered and has relatively low volatility and risk down here imo but a break-out to the downside would set up very profitable trades in AGQ, GDX and NUGT imo.
I can't help but get the feeling prices are about to take another drop down when I look at the charts. I have a small long position in SLV and everything is pointing to another good pop or drop after this tight recent trading, but my gut is telling me its a drop. We'll see what happens. If its a drop down to say the $15 level I will be piling into AGQ as well as SLV & PSLV.
I will start looking at AGQ as well as SLV and PSLV. Chart says a big move is coming and if its a drop to the Q2 end of quarter (June 30th) like we saw in 2013 I'll become a big buyer.