Below is a monthly chart dating back to 2011.
Try to figure out:
- Which ticker symbol it is, and;
- What a snapback rally would imply for other asset classes, if anything.
Hint #1: This is not an equity.
Hint #2: I have previously been too early wrong in looking for a tradable low in this chart.
_________________________________
Got to be $JO
Yup. Good work, Earl.
I think it’s Coffee. and I’ve been trying to catch bottom on this one as well.
What it means if it does rally? well, SBUX AND Dunkin have enjoyed quite a run up. It could put some pressure on the stock if Coffee goes and puts in a nice bear market rally higher
Exactly, well said, greg.
Ah, java. Was looking at coffee, corn, wheat last night, all same downward glide path, and thinking they must indicate persistent deflationary pressures that the CBs have to contend with. Printing $84B a month and still can’t spark inflation.
Deflation rules.
Classic SNL
Sean Connery imitation is legendary.
I think its Bitcoin
Close.
COFFEE !!! This may be finally be the buy we’ve been waiting for so long. Last week the Brazilians approved price supports. Sentiment is crazy bearish & the seasonal rally should hit now.
P.S. I’m a retired commodity futures broker/trader w/38 yrs. experience. Coffee has been one of my specialties since the late 70’s. I believe that this bottom forming has the potential to be the start of a major bull market in Coffee. My international coffee sources see many bullish fundamentals just ahead. Coffee ?’s – email – [email protected]
Wow–thank you, very good stuff.
that is JO fo sho
and the start of SBUX decline
LoL been a beast but I think you’re right
More importantly, why do you think that a snapback in coffee would imply something significant for other asset classes, “if anything”?
Coming up in a few minutes in a new post…