DBA - Chart Link- given some of the articles
I've been seeing on projections of agriculture products next year
to do droughts, increases in other inflation etc, wouldn't be
surprised if these play out, as commented they have been in a
bullish consolidation in a bull market
the monthly, you had the first major run up on the bull market,
and so far a bullish looking consolidation since mid year
Posted by sshapiro23 on 29th of Dec 2022 at 06:27 am
Another interesting one in the commodity arena to watch
here is PDBC for gap fill. PDBC is a non k-1 etf
total commodity basket. The huge gap down was due to a
capital gain distribution they did. They did the same last
December and it more than gap filled. A good play especially
if the dollar keeps falling. Pretty low risk here and you can
always use the a bit below the low for a stop.
Posted by mitchell on 28th of Dec 2022 at 11:19 pm
Agreed, bullish on Ag. Sold positions earlier this yr, used
profits to buy quality Midwest farmland renting back to farmer.
Farmland has been on tear last few yrs (~20% last yr alone) w/ no
slowdown from higher rates…mostly cash buyers. Main concern I
have is a global type debt / credit event, but 2008 had no impact
on Ag…actually went up then. Low correlation to stocks, but high
entry prices.
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DBA
Posted by matt on 28th of Dec 2022 at 05:18 pm
DBA - Chart Link- given some of the articles I've been seeing on projections of agriculture products next year to do droughts, increases in other inflation etc, wouldn't be surprised if these play out, as commented they have been in a bullish consolidation in a bull market
the monthly, you had the first major run up on the bull market, and so far a bullish looking consolidation since mid year
DBA:$SPX - Chart Link- the ratio of DBA vs SPX, does that look bearish to you?
Another interesting one in the
Posted by sshapiro23 on 29th of Dec 2022 at 06:27 am
Another interesting one in the commodity arena to watch here is PDBC for gap fill. PDBC is a non k-1 etf total commodity basket. The huge gap down was due to a capital gain distribution they did. They did the same last December and it more than gap filled. A good play especially if the dollar keeps falling. Pretty low risk here and you can always use the a bit below the low for a stop.
Agreed, bullish on Ag. Sold
Posted by mitchell on 28th of Dec 2022 at 11:19 pm
Agreed, bullish on Ag. Sold positions earlier this yr, used profits to buy quality Midwest farmland renting back to farmer. Farmland has been on tear last few yrs (~20% last yr alone) w/ no slowdown from higher rates…mostly cash buyers. Main concern I have is a global type debt / credit event, but 2008 had no impact on Ag…actually went up then. Low correlation to stocks, but high entry prices.