Delojozafado

A Good Thing: Agribusiness Future Isn't Golden

For what ever it is worth just lately Dennis Gartman has turned neutral to bearish on gold, calling it grossly over valued against O&G (IRR) & (IGE) and the Grains (DAG) & (MOO). The ADM is mentioned in the author's remarks. Now that one is very interesting. ADM reports 3rd quarter numbers early in this coming week. Reporting on the heels of DOW's just reporting excellent results last week as a result of the AGs in their business model being strongly accretive. The last time ADM, BG and POT reported they had less than great numbers to publish. What is so particularly interesting about ADM ???? is the huge out sized move the ADM-PA took on Friday, up 5.7% in the one day. Most of that move came in the last 20 minutes of trading. Now we all know it is an even playing field out there and no smoke plumes ever arise from these companies before they report, leaking any inside info. But even so a rather large move in those preferred shares none the less. So someone is buying in a ramp up while others are moving aside to surrender shares. 49 cents would not be too bad but 54 or 55 cents would move ADM, me thinks.