LAND, CANE, WEAT, SOYB, etc. They are all low and ready to pop in the future.
I have started slowly accumulating commodity and land ETFs
- Thread starter TimtheEnchanter
- Start date
I dunno, all I can see is what's in front of me...weat was once $25...money is slowly turning CRAP...so I am buying these, as no other alternative, oh yes BTC and gold too.
As 2rosy suggested, looking at the long-term charts of commodity ETFs can be misleading.
Better to use a long-term (front month) futures charts for commodities.
Your wheat (WEAT) chart looks like it can rise nearly 400% to reach 2012 highs but the futures chart shows it will reach 2012 highs with a 50% move higher.
Not saying your idea is wrong just wouldn't expect those highs on your charts to be reached.
***Long CORN, SOYB, DBA, LAND for a few months.
Better to use a long-term (front month) futures charts for commodities.
Your wheat (WEAT) chart looks like it can rise nearly 400% to reach 2012 highs but the futures chart shows it will reach 2012 highs with a 50% move higher.
Not saying your idea is wrong just wouldn't expect those highs on your charts to be reached.
***Long CORN, SOYB, DBA, LAND for a few months.
Yes, I see. This position is mostly a hedge, a safe haven flee to "real value", not even value stocks, but true, useful value that WILL likely appreciate as the dollar gets devalued along with most other fiat currencies. This is an accumulation for the shitty days ahead not a trade. Rates rising and FED soon will be out of options.