Cold As Ice – Agriculture Update
Trader Scott’s Market Blog
October 15, 2016
Cold As Icewritten by Lou Gramm and Mick Jones from Foreigner.
Gold is a market which I am wildly bullish on long term and the same holds true for agriculture. And this is an update to an ongoing series explaining my bullishness about agriculture. I have several times talked about buying RJA in March, and about adding on into weakness after the initial surge into July. RJA has had a bit of a rally recently, so be patient and only buy into weakness. There’s a long post here from July about agriculture. Also included here is another global warming hoax exposed. Global cooling anyone? Lastly there is a chronicling of posts and comments and also there are some very long term updated charts (all below). I do believe that agriculture is in a massive area of ACCUMULATION/bottoming process.
January post: “After this brutal bear market in commodities over the last 5 years, there can’t be more than 10 people on this planet that are still bullish. However, over the next 60 days, I expect many commodities to have hit their major lows for this cycle. I’m becoming especially bullish on agriculture. And although I personally don’t eat grains, any selloff into the March time frame is a tremendous buying opportunity. Food prices are set to soar beginning in 2017.”
And from March: “And a heads up – you’re going to be hearing more and more about inflation. As I’ve continually stated, the commodity bear market will end this quarter. Expect a big rally this summer, and one more selling wave this fall, as the dollar has one more rally to new highs. However, inflation will shock folks by its sudden reemergence. Don’t be one of those people. Be prepared.”
From April: “On to markets – from 2011 while the US Dollar permabears kept claiming that commodities were going to soar, the exact opposite happened. During this time, I repeated continuously that commodities were in a major bear market and wouldn’t bottom until March 2016. And it’s almost like the boys are listening to theReal World of Money,because right on cue, one commodity after another has bottomed right on schedule and are beginning to spike higher. Agriculture, especially, is extremely bullish. And full disclosure, I own an agriculture ETF (symbol RJA). However, expect another selloff in commodities later this year, which would be the next great buying opportunity.”
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day.Scott returned to markets over fifteen years ago where he continues as an independent trader.