Coffee, represented by JO, has been the biggest loser for years. It went down, down and down, much to the pleasure of coffee retailers, like SBUX, GMCR and SJM. However, all of that is about to change. Their easy going lives of never having to worry about the peasant coffee farmer asking for too much is ending, rather abruptly.
Sure, SBUX and co have locked in prices, at least for awhile. But prices have broken out, commodities have broken out, which is the overarching trend of 2014. For the year, my commodity index, which is domiciled inside of The PPT, is up nearly 9%.
What’s next to go? Maybe some SOYB, SGG, CORN, WEAT or maybe some BAL?
One thing is for certain: 2014 is not like 2013 or 2012. The commodity rally had teeth and I expect to see gold and silver continue to thrive under these conditions.
Long EGO and EZPW.
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yep, coffee on the futures market dropped for years while it went up by the cup or bag … now they’ll jack it up even further
Prices went up while contains got smaller.
There is no inflation because I drink coffee everyday and but a TeeVee once a decade and they even out.
good point .. not only have retail prices continually risen while coffee futes have dropped by 2/3, but the corporate criminals selling coffee & any other packaged good, have also chopped the amount you get . Thank goodness TeeVee I’ll need in 2020
EXK here?
@CHess nailed that $JO trade.
2014. the year of the bean(er)
TSLA’s going to $300.
nailed
http://charts.stocktwits.net/production/original_20182944.JPG?1392846385
comments,….
BUY BUY BUY OATS!