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  • Agricultural Commodities on Sale [View article]
    Inflection Point? I gather that means "don't wait, buy now".

    I do not know whether it is or isn't. Let it move Down for a few more days to see if there is any support.

    I like DBA but would like it at $23 better.

    Why commodity index realignment would affect gold at all, given all of the demand for it, also escapes me.

    The future for AG is bright but the future for individual AG prices is not. Many are weather dependent, some are economically dependent.

    Personally, I now use the Charts provided by IBD to try to gauge commodity directions. Is DBA overbought currently? IMO, I think so.

    In a Bull market, I would consider it to be undervalued. In a Bear market? It has gone up too far too fast.

    Besides, I have a favorite pick and the CEO of that company was interviewed last year. He felt that the demand for his product would not pick up until this spring.

    Company is Intrepid Potash, IPI. A public pure play in potash is hard to find. Potash mines take 3-5 years to develop. Buy it now, no.

    There is time. Why tie up money unnecessarily.
    Jan 14 14:39 pm |Rating: +1 -1
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