The gold price
Don't Forget to Eat! - 12 October 2010
Gold and silver are making the headlines. But check out what's happening to foodstuffs, too...
WITH GOLD and Silver Prices reaching new highs almost daily, precious metals are getting all of the "commodity press" lately, notes Brian Hunt in Steve Sjuggerud's Daily Wealth.
But this chart also says, "Don't forget about the ag complex."
We like to track and trade agricultural commodities like corn, soybeans, and wheat because they are one of the favorite investment ideas of legendary contrarian investors Marc Faber and Jim Rogers. Like most assets, the "ags" were clobbered in the 2008 credit crisis...and they generally traded sideways from early 2009 to mid-2010.
But as you can see, this sector is moving higher...
The chart shows the DBA fund. It's a one-click way to own a basket of ag' assets like grains, coffee, and livestock. And as you can see, DBA is breaking out of a huge sideways trading pattern that began two years ago.
Lackluster grain harvests and growing demand from Asia are driving the uptrend. It's bullish action for these "guru approved" commodities.
Gold Investing – now simple, safe and cost-effective at world No.1 BullionVault...
WITH GOLD and Silver Prices reaching new highs almost daily, precious metals are getting all of the "commodity press" lately, notes Brian Hunt in Steve Sjuggerud's Daily Wealth.
But this chart also says, "Don't forget about the ag complex."
We like to track and trade agricultural commodities like corn, soybeans, and wheat because they are one of the favorite investment ideas of legendary contrarian investors Marc Faber and Jim Rogers. Like most assets, the "ags" were clobbered in the 2008 credit crisis...and they generally traded sideways from early 2009 to mid-2010.
But as you can see, this sector is moving higher...
The chart shows the DBA fund. It's a one-click way to own a basket of ag' assets like grains, coffee, and livestock. And as you can see, DBA is breaking out of a huge sideways trading pattern that began two years ago.
Lackluster grain harvests and growing demand from Asia are driving the uptrend. It's bullish action for these "guru approved" commodities.
Gold Investing – now simple, safe and cost-effective at world No.1 BullionVault...
Steve Sjuggerud, 12 Oct '10
Former stock-broker, mutual-fund vice-president and hedge-fund advisor Dr. Steve Sjuggerud is the founder and editor of True Wealth. Launched in 2001 and now one of America's best-followed newsletters for private investors, True Wealth also provides free analysis and ideas in the Daily Wealth email service.
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