The following video begins with a brief update on the equity markets followed by analysis of various agricultural commodity ETNs & futures. Silver or Gold level access initially required.
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Analysis of Agricultural Commodities 11-18-20
Home » Blog » Market Analysis (all categories) » Equity Market Analysis » Analysis of Agricultural Commodities 11-18-20
Thank you for this video on the agricultural commodities. I needed to see this to be reminded that there are good trends out there, and I don’t have to be trying to trade every rip and dip in every other non-trending messy market. I look forward to taking things slower with longer term trend trades.
“..not-trending messy market” certainly applies to QQQ & SPY, both trading where they were almost 3-months ago, in a big & sloppy sideways range since then. Gold, silver, the miners as well as bond also dead-money (to losing) trades for months now & those (equities, bonds, & gold) are the main asset classes other than gold & real estate although REITs (IYR) have been even worse; stuck in an even tighter sideways sloppy range for nearly 6-months. Not many trend trading opps out there right now other than ag commodities (even oil locked in a sideways range), just relatively short-term… Read more »
RIOT has been trending on the back of bitcoin. I own ARB (Argo Blockchain) a UK listed peer with similar mining power trading at a significant discount to US/Canadian cousins.
I concur. BTC is trading above 18k. RIOT has exploded. it’s definitely been a trend. I wish someone mentioned it earlier. I haven’t been paying attention to BTC.
I don’t know much about the fundamentals of RIOT.. (I’ve researched ARB and that looks very sound with no debt and throwing off cash especially at these levels).. anyway – last time Bitcoin was here RIOT was trading at $33. Could be interesting to enter on a pull back. I managed to get some scrappy Bitcoin around $12,000 and $12,500.. if history is to rhyme it could get sucked in to another parabola. This time the fundamentals of owning it have matured somewhat. With the likes of Paypal offering a Bitcoin wallet and some big Hedge Funds now on board… Read more »
Wow. Thanks for sharing.
@rsotc can we get charts on some of the bitcoin proxies? It looks like RIOT just hit $6.36 resistance and really there is just not much resistance if it breaks above & can go all the way back to 2017 highs of $47. But GBTC is overbought on daily timeframe, so I think it has to cool down first & maybe entry on a pullback.