Talk about misdirection. Corn is up 5% today, buoying shares of ag stocks like CF and POT. On the other side of the paradigm, oil is getting crrrrushed, leaving the spirits of longs broken, into small pieces, fucked entirely in their depleted brokerage accounts. The oil men from Texas are glad to sell out now, since oil is on its way, the fuck, lower. Inside of the deflationary vortex, oil isn’t worth shit. As a matter of fact, judging by the shares of prominent drillers, like PDC and KEG, oil is going to zero.
But people need to eat; therefore, corn is going, the fuck, higher.
Excuse me?
It’s not the simple. I don’t buy it.
Generally speaking, Jim “bow tie” Rogers has been wrong for more than a decade. Also, for the record, Le Fly will NOT be purchasing farm land any time soon. Fuck that shit.
Pay attention to what I am about to tell you: the market is going to bounce soon. But market participants are so jaded, the rally will be sold. I bought EXK because I am prepared to double down at lower prices. Plus, silver and gold are running, rather impressively, into the teeth of disaster.
“The Fly” is made from sturdier things, from face to foot. I will have an opportunity to buy the blood soon; because that’s what I was built to do.
A great man once said “The blood I drop is more medicinal than dangerous.”
http://www.youtube.com/watch?v=9pZ5kJqSVYs
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do we call it fly side economics?
nice!
Corn oil aka Canola
Canola is a flowering plant related to Rapeseed aka field mustard. Its seed is used for vegetable oil, but it is not corn oil. Disclaimer: long canola, short corn.
Noted.
you are an idiot. canola isn’t corn oil…and it should not be ingested either..major toxic shit.
“Somebody has to feed the bitches”.
12-12-12
It was just commodity traders screwing the farmers again. Most farmers have sold their harvest already, so now the $ guys raise prices so the suits can buy new cars.
Still hoping EXK trades briefly in the $7 range. If it doesn’t, than I’ll miss the trade.
A British engineer just started his own business in Afghanistan.
He’s making land mines that look like prayer mats.
It’s doing well.
He says prophets are going through the roof.
Did last week’s high temperatures across the midwest where they grow corn threaten the crop?
I read somewhere that every day over 95 degrees costs about 5% of a corn farmer’s yield.
This dude is very good on the whole agricultural-commodity-weather-planting thing.
Philip Shaw@Agridome <a href="https://twitter.com/#!/Agridome"
I don’t really play the ag futures, I just misspelled “porn” once and ended up learning something about farming.
Won’t happen again.
1. I do hope that $EXK trades lower, even if just briefly, since I missed the buy this AM.
2. Jimmay Rodgers [sic] has been wrong a lot longer than 10 years. He’s been singing that same tune since the late 1980’s I believe.
His best quote was the “wait till i see a little pile of money in the corner, then go over and pick it up” chit. I wonder how much new money he’s picked up recently? My guess is Soros’s great granddaughter outperforms the great Mr. Rodgers [sic].
Just for amusement, what exactly has Jim Rogers been wrong about over a 10 year period?
Rough estimate of price moves from 2002.
Oil +300%
Gold +300%
Silver +450%
Cotton +80%
Corn +300%
Farmland +100%
USD -25%
SPX +10%
Treasuries +50%
Bottom line is commodities of almost every stripe have been in a raging bull market and vastly outperformed paper assets over the past 10 years.
I once typed “Gentlemen, behold! CORN!”
Suffice it to say that didn’t work out so well either.
Corn is up because of a drought in the midwest.
Equities suck. Currencies suck. Bonds suck. CD’s suck. Real estate ……well you get the picture.
Hence, money is flowing into the basic essentials of life, IE; food, and the stuff to grow it with. An Armageddon trade if I ever saw one.
A great man once said “The blood I drop is more medicinal than dangerous.”
that makes no sense.please explain
the french say corn is for pigs. I agree. That shit’ll kill ya.