CORN: Breakout Ready

Price action in futures tracking fund CORN, is congesting in a tight range; ready for breakout to the upside.

This is not about inflation.

Frequent visitors to this site already know the entire food supply chain, from field to market, is being systematically destroyed.

Probably the best source of documentation is at ice age farmer.

For years, ‘ice age’ has been reporting step by step plans and events in place to choke-off food production and distribution.

Digressing for just a bit: The firm managing this site, presenting its analysis of markets and corollary events, is constantly searching for additional information or new data sources.

If a new market analysis (or other news) source is located, then that ‘source’ says there’s food price inflation because of dollar devaluation, it’s eliminated as being reliable or aware of actual events: DONE.

At this point, everyone should know exactly why food prices are rising.

Whenever we get the next ‘Black Swan’ event, there’ll be no time to vet out information sources. That should’ve been done long before there’s another market or world upset.

The recent Game Stop (GME) event may just be a blip; a side detour in the overall plan.

Van Metre calls the whole short squeeze “brilliant”. So it was.

We can rest assured, that hole in the dike (a proletariat uprising) will be plugged ‘tout de suite’.

Food is the key. It’s the choke point. End of digression.

Getting back to CORN. Price action may congest more before a sustained breakout. There may even be a head-fake to the downside to flush out any weak longs.

From an investment or trading standpoint, price is at the point where political events could cause action to become unreliable … think Jimmy Carter and the grain embargo after the Russians (Soviets at that time) invaded Afghanistan.

It’s the trader’s discretion whether or not to position long.

My firm’s action is to be aware of price and use it as a proxy for up-coming events.

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Fact vs. Fiction

Two reports discussing the exact same topic, are linked here and here.

One of the reports is fact; the other is fiction.

Just two minutes, and twenty-eight seconds into one of those, the fairly tale begins.

The other has its head on straight and is on-target with truth; a disturbing truth.

Alas, the hyper-inflation narrative runs deep. Comments from the last Van Metre report shows just how deep the rabbit hole goes.

We’ll paraphrase:

‘GDX filled the downward gap … metals to skyrocket higher’.

With every day that passes, we see truth of what comes first; as reported here, it’s corn first, then gold & silver.

Putting it differently; seed producers can’t keep up with demand.

At least one supplier linked here, is shut down … temporarily they say because of huge order backlog.

Interesting their planed re-open, is for the 20th. We’ll see if that happens.

Way back in April last year in at least one state, it was illegal to buy seeds. That same scenario never happened with precious metals.

Are the coin dealers shut down? Precious metals may indeed become important at some future date. However, at this juncture it’s easy to hypothesize you won’t be able to buy or sell without ‘speck’ protection.

Getting that protection essentially makes being around to see (or function in) the future a moot point; doesn’t it?

Stay Tuned

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

CORN: Breakout

Tracking fund CORN, has broken out of its five-month channel.

Price action is coming back to test and in the process, may be forming an inflection point.

This just out from ADAPT2030, has the food shortages accelerating.

The uninformed mistake food price rises as inflation. It’s an availability problem.

As reported late December here, there’s historical precedent, food comes first … then gold and silver.

No matter. The gold bulls power on. Buying into the metal and its tracking funds only to be whacked again and again at the most inopportune times.

Two reputable sources of long-term food supply are here and here.

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Corn Goes Vertical

Ever since the inland hurricane, the ‘Derecho’ of August 10th, it’s never been the same for corn. Now, it’s going vertical.

The entire U.S. agricultural food supply infrastructure is being systematically dismantled.  Control the food, control the population. Simple.

It seems the ‘preppers’ tend to focus on stockpiling silver and gold.

If your’re getting ready for what’s coming, from a historical perspective, that’s not the place to start.

Going way back …. thousands of years, during the famine in Egypt of Joseph’s time, we have this:

“And Joseph gathered corn as the sand of the sea, very much, until he left numbering; for it was without number”

“And the famine was over all the face of the Earth: and Joseph opened all the storehouses and sold unto the Egyptians: and the famine waxed sore in the land of Egypt.”

“And all countries came unto Joseph for to buy corn; because that the famine was so sore in all lands.”

Gen 41:  Vs.  49, 56, 57, KJV

They paid for the corn first, with gold and silver.  Then they paid with their livestock.  Then they paid by selling themselves into life-long slavery. We can equate that last part (slavery) as getting the vax.

As corn is going vertical, the bond market is signaling its move as well.

Just now, today, TLT is rotating higher.

Yesterday, Steven Van Metre showed a chart (time stamp 10:00) of the speculators beginning to back off their historic short position.

They’ve figured out they’re trapped. Now, they’re trying to sneak out the door without being completely impaled on a sharp bond spike.

The S&P, Dow, NASDAQ, Russell 2000, all appear to be holding near their highs.

Biotech (IBB), as reported yesterday, is different.

Something major is brewing below the surface with the biotech deception.  Price action itself is showing it’s the place to be for the short-side.

Further info on biotech’s downside is here and here.

Positions remain unchanged (as of 3:02 p.m. EST).  Stops have been moved; not advice, not a recommendation.

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

What’s For Dinner?

According to this report from ice age farmer, it’s trash and bugs.

While the sleight of hand is taking place in the political arena, the distraction allows (without notice) some fast food outlets to put garbage, literally, in their food.

Eating real food on a go-forward basis, is going to cost. 

If huge numbers of the population are on government assistance, they’ll take whatever they’re given.

According to the link above, that ‘given’, will likely be ‘up-cycled’ food which is trash, garbage, along with ‘insect’ protein.

Those accessing these updates, just by repetition are (or already) getting the picture.  There’s a lot more going on than just the markets.

It’s the markets though, that gives us a way (at least for now), to circumvent the cost required to separate from the herd.

Prior updates have discussed the food supply and specifically, corn. 

One of those highlighted an area in CORN, that would present an opportunity.

With new restrictions coming or already in place, it’s likely that restaurant dining will take another hit.  Winter’s rapidly on the horizon and outside dining will be eliminated for months to come.

Conversely, demand for restaurant ingredients will be affected which in turn, could affect the commodities markets … at least temporarily.

That brings us to CORN.

Even though the CORN fund is an amalgamation of three futures contracts, it’s interesting that it still adheres to classical analysis. 

We can see the measured move from the wedge breakout and the retrace back to resistance.

It’s what happens next that’s important.

Restaurant demand could collapse again; driving CORN lower. 

If so, and we get below the support area (creating a spring, reversal,  condition), it could be the last time … ever, we see these prices.

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Revelation 6:6

When a stock market trader starts quoting Revelation, you know it’s bad or about to get that way.

That’s what we have here (time stamp 14:20) where David Dubyne and Bob Kudla discuss a variety of events but mainly, the world’s food supply.

“And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.” Revelation 6:6

This site has presented in past updates sufficient data to show the nation’s food supply is being systematically dismantled via at least two avenues.

First:

Naturally occurring disasters are intensified (or outright created) by weather manipulation. 

Second:

The planting and harvesting infrastructure is being intentionally disrupted or dismantled by what this site has termed ‘the speck’.

By now, anyone accessing these posts should know what the (imaginary) speck is and it’s even discussed in the above links. The press (financial and mainstream) talk about the speck incessantly.

Put the lie out there long enough and eventually it will become belief.

Back to the markets and more specifically, CORN

CORN was a trade that was entered by the firm but then decided the look was not right and exited at essentially break-even.  That trade was entered right around the area that’s now labeled as a 38% retrace level.

The trade would have been modestly profitable but it’s not what we’re looking for. What we’re looking for may be yet to come.

The 38%, retrace level is now well established support and if penetrated by subsequent price action would generate a reversal condition known as a Wyckoff spring.

Shown on the chart as well, is the wide high-volume price bar that’s right in the middle of the 50%, retrace level.

This is where it gets interesting.  Markets behave in such a way as to come back to high volume areas for a test.

If somehow, CORN retraces to this level for a test of the wide bar, it will automatically set-up a spring (reversal) condition by penetrating price action at the 38% level.

Our edge in this situation, are the bullet items discussed above.  The entire world’s food supply is in jeopardy.  That’s a known fact.

Crops are failing world-wide.  Weather patterns are erratic and manipulated. 

Knowing this provides a fundamental backdrop that should CORN retrace to test the wide bar, it’s not likely to stay there long.

In addition, if CORN reaches the 50% area, it may never come back to those levels.

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Before The Open

Gold is set to open higher as expected.  Corn is set to open lower … not expected and nat-gas looks like it will test its trend-line.

The only position currently open is CORN. 

Lower CORN open in the works, crop report due at the upcoming close and price action hugging the lows. We’re at the danger point three days in a row; planning to exit CORN (not a recommendation, not advice).

Taking the markets on the watch list into account, the opportunity appears to be nat-gas, UNG.

If price action contacts the trend-line and begins to pull away, there is a potential confirmation and trade set-up.

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

CORN Update

Back in the day, Livermore talked about how he established positions for a directional move … a move that would last days, weeks, or longer.

In his fictionalized biography, Reminisces of a Stock Operator he said words to the effect, take a full size position early; then leave it alone.

We are at the danger point for CORN make no mistake.  Price action penetrated previous well established support and stopped dead.

Our initial position (not a recommendation, not advice) was entered about seven minutes before the close on Thursday.  Doing so, gave an entry that was just 0.04 points from the lows of the day.

The expectation for today’s session was for prices to rise immediately; which they did.

During this session, the initial position was increased by 50% (pyramiding) and the stop left (around 10.10 – 10.18) for now.

The risk of course, is what happens when the crop report is released just at the close on Monday.

It’s not what’s in the report that’s important.  It’s the ‘excuse’ to move prices around that’s important.

Of course, we could be stopped out beforehand.  Anything can happen.

The weekly chart shows a potential trend line and channel.  Downward thrust has dissipated when compared to the last weekly move lower (9/25/20).

The only real negative from today’s session; volume was light.

Stay Tuned 

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Going Long CORN

The daily chart shows detail of the initial position in CORN. Expandable version of the chart is here.

More info on the Teucrium CORN Fund is here.  Essentially, the fund tracks an amalgamation of three corn futures contacts.

Price action mimics, but is not directly related to the front month.

From a trading standpoint, the job of the sponsor firm is to locate two types of market set-ups or their failures (as in the case of GDXJ).

Those set-ups are denominated as a Wyckoff “Spring” or “Up-thrust”.

More detail on Wyckoff can be found here for those interested.  It should be noted, Wyckoff is well known in the industry but kept close to the vest.

Back to CORN.  The actual physical stop is not determined at this time.  The pre-market bid/ask spreads indicate a higher open for CORN.

If CORN penetrates the prior session’s daily high, the stop will be set a few ticks below at that session’s low (~13.18).

Fundamentals are in favor of continued higher prices: 

Record (and earlier than normal) cold moving into the growing areas. 

Weather anomalies (inland hurricanes) and spontaneous combustion of grain silos are all part of the picture.

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Corn Trading Channel

CORN has been in a trading channel for months. The weekly chart below shows CORN at the right side of the channel.

Today’s session was quite narrow with price action closing just below existing support.

It’s in Wyckoff spring position.  Higher prices are expected (not a recommendation, not advice).

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.