iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,793 Blog Posts

Another Theme Emerges

With oil back in the mid-50s and government spending full steam ahead, it’s time to start looking towards the inflation trade — especially with a normalization of the China trade about to happen under Biden. The time period to look towards is 2007-2008 — when tomatoes steamed towards $100 and gasoline was for the rich.

The most attractive play was Ag, men like Jim “Bowed Fucking Tie” Rogers ruled the day, and sarcastically mocked people who didn’t own farmland. He’d regularly suggest he was an idiot, but did know one thing: farms were the way of the future and America was a tinderbox of shit — who would eventually cede to China — because they were the future.

If you’re playing Ag, like I positioned today, you want to head into potash plays, machinery, and even dry bulk. The whole ecosystem will lift as prices rise. Today agFAGS enjoyed LIMIT up in corn and wheat exploded with glee.

Milk the farmer.

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9 comments

  1. tradercaddy

    “Beans in the Teens.”
    Used to be a good correlation between the price of silver and beans.
    I think it had to do with a general rise in commodities.
    Watch it again.

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  2. sierra water

    I’ve been heavily loaded in GSG for a while.. 10.50 ish entry.. Holding until the news media can’t stop talking about stagflation mid Biden presidency.

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    • tradercaddy

      The one thing I don’t like about GSG or any of the Commodity ETN’s (or ETF’s) is that they issue a K-1 instead of a 1099 for IRS purposes. They like to send the K-1’s late and then sometimes amend them which means you have to hold off or amend one’s 1040.

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  3. 2 chainz

    Treasuries have been catching bids since lunch time.

    Coincidentally, the FBI started looking for the Rebel-flag wavers (who made themselves the easiest targets to be convicted for treason).

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  4. ha

    Caitlin Long
    @CaitlinLong_

    HEY PEEPS! I’m hardening my social media (Facebook’s de-platforming of @RonPaul
    yesterday precipitated it). Instagram already gone; tomorrow I delete Facebook; & WhatsApp goes shortly. Pls follow me on Mastadon
    Down pointing backhand index
    (https://bitcoinhackers.org/web/timelines/home
    ). Also considering Scuttlebutt, MeWe+more
    Cowboy hat face

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    • 2 chainz

      And for the domestic terrorists, telegram services were mighty efficient back in the 1860s and should still be.

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    • rigged game

      You are fucking around WAY too much on the computer.
      I suggest you turn your computer and TV off for a few weeks,
      listen to some country music, and cook some healthy soups.

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  5. purdy

    Bonds yawning at the 8:30 inflation data …so how ’bout this theme instead: The speech-repressive Chinese Central Committee will likely have more success growing with their smart, relatively-united, hard-working, billion Han than will our masters ..with our speech-repressed, divided, entitled, assortment of victims. Invest in companies, including ag, which serve the Chinese consumer.

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