1:53 p.m. EST, Yesterday’s update finished with this:
To wit, CORN has just pivoted to the up side in a new trend; rising at over 437%, annualized.
If and when this news hits the mainstream press, it’s likely to be painted as ‘signs of inflation’.
It’s easy to be a lazy mainstream financial press writer these days.
All one has to do, is write some financial drivel and blame ‘The Speck’, inflation or climate change for the crisis du jour.
There … done.
The next day will be the same. Except maybe we’ll throw in something about the direction of interest rates; how they too, are somehow controlled by ‘climate change’. There … done.
The hard part then, is to dig into actualities.
What’s really going on.
As the systematic dismantling of the food supply infrastructure continues, prices will naturally rise. There’s plenty of documentation supporting this assessment.
The best site identified thus far, that includes supporting data is iceagefarmer.com.
Moving on to the chart:
It’s never been the same for CORN since the Drecheo of last year (highlighted below).
After the drecheo, CORN moved steadily higher. It then morphed into a trading range around mid-January this year. Then, on April 31st, there was a major breakout to the upside.
We’re now trending at above 430%, annualized.
The dashed arrow on the middle of the chart is the exact same trend. The right side arrow was just copied and moved over to the middle area.
Markets have their own characteristics.
At this point, CORN’s characteristic is to trend, rise aggressively (dashed arrow), go into a range, then break out higher again (solid arrow).
With that, we can expect at some point for CORN to go into another range … but it’s not guaranteed. Panic may set in way before that.
All we need is another mid-west (growing area) weather ‘event’ such as an unexpected freeze or persistent flood; launching corn and grains to nosebleed levels.
That would give the oligarch’s their chance to sell it as ‘climate change’.
It is, in a way: