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From the monthly archives:
April 2011
Take a gander at the chart accompanying today’s DXY tout if you want to see how nasty it could get for the US dollar before it finds a support capable of arresting the long-term bear, at least for a while.
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We’re using a 1581.20 target for the next 7-10 days, but more immediately a Hidden Pivot at 1529.40 discovered during yesterday’s tutorial session should serve as a minimum short-term price objective. Two lesser pivots at 1509.50 and 1518.70 also remain valid and should be used to gauge trend strength. As always, a decisive move through a pivot should be taken as a sign that the next is in play.
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The ease with which this killer shredded a Hidden Pivot resistance at 43.32 yesterday, stopping us out of some puts for small change, suggests bulls will continue to dominate. If so, look for an easy ascent to 46.29 (see inset), a Hidden Pivot tied to a midpoint resistance at 44.72. If that last number is exceeded by 0.05 or more, assume the higher target will be achieved with little strain.
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Is Canadian Farmland the Best Investment of All?
by Rick Ackerman on April 21, 2011 12:01 am GMT · 59 comments
[I alluded here earlier to a class of investable assets with the potential to grow in value more spectacularly, even, than gold or silver. In the guest commentary below, my friend Tom McCafferty, a commodity trader and author of numerous books, makes the case for Canadian farmland as the best place to sock away money for your grandchildren. Obviously, this would require more capital than you might sink into precious metals or stocks. But, as Tom puts it, if you’ve got “a couple of million” to spare, this is arguably a very good place to bury it. RA]
If you’re worried about the economy your children, grandchildren and even your great grandchildren will inherit, there is an investment that has the potential to help all three generations. It should even be rewarding in your life-time as well.
I’m talking about Canadian farmland. Not the beautiful mountains along the coasts, but the real, dirt farming, i.e. wheat, corn, oats, sunflowers, soybeans, sorghum, barley, etc., in the center of the country. But first things first: Why Canada? » Read the full article