Let’s look past the Greek situation
Chris Temple and Cory Fleck chat about what we should be looking for past the Greek issue. There are so many other stories that will play into our investments in the near future.
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How about Spain, Italy and Portugal?
Really a great idea wasn’t it
Viva Marine Le Pen and the Front Nationale!
Good discussion Cory & Chris. It was sound advice from Mr. T to focus on what will do well regardless of the Greek story that nobody knows the outcome on. His comments on Oil, agriculture, and soft commodities in food were spot on.
Thanks Man!
Once again, I just want you to know Big Al how much I personally appreciate everything you and Cory do to make this show happen. It isn’t an easy task.
Thanks!
Thanks Shad! We are working hard for everyone.
It is appreciated sir.
ditto …….to Shad
To Chris Temple’s point in the audio today, Agricultural stocks have done well:
iPath Bloomberg Agriculture SubTR ETN (JJA) -NYSEArca
41.07 Up 2.08(5.33%) 4:00PM
The Mosaic Company (MOS) -NYSE
46.85 Up 0.95(2.07%) 4:05PM
Israel Chemicals Ltd. (ICL) -NYSE
6.98 Up 0.15(2.20%) 4:05PM
Potash Corporation of Saskatchewan Inc. (POT) -NYSE
30.97 Up 0.03(0.10%) 4:05PM EDT
FMC Corp. (FMC) -NYSE
52.55 Up 0.78(1.51%) 4:05PM EDT
Intrepid Potash, Inc. (IPI) -NYSE
11.94 Up 0.19(1.62%) 4:06PM EDT
Agrium Inc. (AGU) -NYSE Watchlist
105.95 Up 3.85(3.77%) 4:01PM EDT
Shad,
Good stuff. I agree with Chris and you of investing in those spaces for sure. However, investing in Israel Chemicals would be like buying Monsanto to me.
I know it was just an example (-;
Monsanto took a nice hit last week. ( good news )
Yes, as you know I’m not a fan of Monsanto. I became interested in ICL because they are developing the large project in Ethiopia when they just acquired Allana Potash.
ICL COMPLETES ITS ACQUISITION OF ALLANA POTASH
Tel Aviv, Israel, June 22, 2015
Is there a dark side to this company that I may not be aware of? If so please let me know as I hadn’t heard that.
This news release also caught my eye 2 weeks ago. India and agriculture seem like a great growth story moving forward.
Tel Aviv, Israel, June 19, 2015
ICL SIGNS CONTRACTS TO SUPPLY 835,000 TONNES OF POTASH, INCLUDING OPTIONS, TO ITS CUSTOMERS IN INDIA
Oh no, man. I don’t know. The name rubbed me wrong. Lol
Shad,
I follow the EMs quite a bit. They are about to do real well.
Check this one out, tell me what ya think. EDC
Yes, the name Israel Chemicals LTD sounds dubious, but they are working on feeding Eithiopia and India using their fertilizers and that makes sense to me.
Yes, I am torn on emerging markets as I’ve heard good discussions on both sides of the equation. Some feel it will be there time to shine as their middle classes grow and they start wanting appliances, tablets, iphones, cars, and start innovating themselves. Places like Singapore, Indonesia, Thailand, Vietnam, South Korea, Turkey, India, Mexico, South Amercia, and Africa have a great deal of potential.
On the other hand I’ve heard that countries holding debt in US dollars are getting hurt from the strong dollar as their currency and exports are lower and the debt is higher.
Mid-Long term I’m very bullish on Emerging markets, but in the short term undecided.
Based on the chart of the ETF (EDC) It is well below both the 200 day and 50 day moving average. pulled back as the MACD crossed, and is bouncing on the bottom band of the bollinger band. It may have a little bounce, but there was a rise in volume on the downswing. The 20.30-20.39 area seems like a good layer of support.
http://stockcharts.com/h-sc/ui?s=EDC&p=D&yr=1&mn=0&dy=0&id=p39366811329
Shad,
Good info good chart. Let’s see what happens with the EMs. Some of them are looking really good.
This is a good audio that discusses 2 very interesting paths that Gold may take over the next 3 weeks, then gold miners and in particular GDXJ’s strength this year, then it gets into the strength of Agricultural Commodities, next the “triangle” pattern forming in Emerging Markets as the range has been coiling and narrowing for 5 years, and lastly he thinks the US dollar may test the 100 level again. Very insightful thoughts.
Tiho Brkan Comments on Gold, Silver & Gold Stocks
06/26/2015 | Jordan Roy-Byrne, CMT | Featured, Podcasts, TheDailyGold Podcast
http://thedailygold.com/tiho-brkan-comments-on-gold-silver-gold-stocks/
Chartster in the Tiho Brkan interview above, he thinks the Emerging Markets have coiled down into a narrowing range that has gotten tighter and tighter over years, and is getting ready to break out in a major way but thinks it is hard to call which direction. Very interesting and I think you like that part towards the end based on our discussion today.
Shad,
Yes, Brkan was spot on with his stuff. Liked the EM assessment.
The short side of long gave me a chuckle. I believe he is correct. ( I know he is )The pop up coming in metals will just suck them all in.
Cool, yes Tiho is a sharp dude. Here is an interesting chart showing a record number of companies in the general markets making new 52 week lows.
Checking Market Breadth
06/29/2015 | Tiho Brkan | Featured
Post Source: ShortSideofLong
Chart Of The Day: Number of stocks making new 52 week lows is rising!
Only because of Syngenta offer.
I’m just not really a fan of Monsanto as a company based on the Agent Orange they produced that hurt so many people in Vietnam, or their involvement in GMOs in the food and seed industry.
Personally I hope they don’t acquire Syngenta but go for Bayer instead. Syngenta is a solid Swiss company.
Here’s an article about the potential merger and deal that may fall through:
If Syngenta deal fizzles, here’s what a Monsanto bid for Bayer might look like
Jun 30, 2015, 2:49pm CDT
Syngenta is still involved in GMOs as well, but they are not displacing 1000s of farmers like Monsanto is, based on spreading patented seeds on small patches of land and seizing those lands and crops as their own.
Guys, this is what is happening. Been saying it for a while, but now it’s here. The fiat debt system has run it’s course. Greece is just theater.
Here’s what’s happening. Either it falls on deaf ears, or goes over your head, or both I suspect.
funny Chartster……..deaf and dumb………..lol(I’m I allowed to say that)
I’m …should be am………….or is that am in the pm…………
J Long…..
That was not my context.
sorry……..misunderstood……..thanks for the reply..
GREAT ARTICLE……………MUST READ……………THANKS J……….LONG
CHARTSTER……….NOTE…………YOU MIGHT WANT TO POST THIS TOMARROW…..
yeah, hes a real apple for the teacher..
Chartster,
Makes a lot of sense. China is going to win without firing a shot. The old Chinese death from a thousand cuts.
A number of comments have been deleted! Please everyone, it is ok to disagree with people but do not resort to name calling. Your opinions and facts are welcome but we want to make this blog welcoming!
If someone’s comments make you mad and you can not respond civilly please move on and forget about it.
Ignorance is the real root of evil and the people of the West can thank theirs for their predicament. After decades of Marxist indoctrination, the masses now believe that producers are greedy and that those who sponge off of them are moral.
Capitalism is a social system based on the principle of individual rights. Politically, it is the system of laissez-faire (freedom). Legally it is a system of objective laws (rule of law as opposed to rule of man). Economically, when such freedom is applied to the sphere of production its result is the free-market. http://capitalism.org/
Is capitalism wrong? Vast numbers of criminally ignorant people believe so.
Why Capitalism Is Worth Defending
https://mises.org/library/why-capitalism-worth-defending
Very good article on Capitalism from the Mises Institute Matthew. I saved that article to show to others when give free enterprise a hard time. Thanks!
We will have Jeff on the Show to discuss it.
Shad, this is good food for thought too:
http://jim.com/money.htm
Thanks Matthew. Excellent article by Ayn Rand on Money. I have the book Atlas Shrugged, and read excerpts of it online or quoted from time to time, but I really need to go back and reread it like Big Al has been doing lately.
Good stuff!
Matthew…….comes up with a lot of good thoughts………jmho
Matthew is a scholar and gentleman…..and a charting ninja. I learn from him every day on this site.
Why communism always fails is much easier to express.
It involves taking from Peter to pay Paul. Sooner or later the disincentive for Peter to work as hard, means that Peter runs out of money.
This is equally true for socialism.
Two thousand years or more of history shows that growth reduces at between 10 and 15% taxation, and increasing taxation further reduces growth, until society fails to flourish.
SFJ Big Three Video Update, July 1, 2015 – Technical Analysis by Morris Hubbartt
Continental Gold, Guyana Goldfields, Tanzanian Royalty Exploration Corp
http://superforce60.com/video/2015july1sfjbig3/2015july1sfjbig3.html
Forget Greece, France is next…
http://www.zerohedge.com/news/2015-06-25/forget-grexit-madame-frexit-says-france-next-french-presidential-frontrunner-wants-o