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Agriculturals

Updated November 16, 2018 -  a Breakout we have and BREAKOUTS point to Hyperinflation: ALL commodities flash BUY signals!

wheat cropA BOTTOM, BEAR TRAPS and the bullish wedges are coming alive and result in dramatic price rises...is this the beginning of the HYPERINFLATION? Remember the years and months preceding the Weimar Hyperinflation...EXACTLY the same scenario we had as we have today (July 2015)

So as Agriculturals go, so goes GOLD !
2017 was a NIÑA year...2018 was a DRY year and 2019 will be an EXPENSIVE year.

Authorities have, because of stupid mismanagement, eliminated the natural forces which normally correct for food shortages and are therefore making the present situation worse than it would have been without intervention. Additionally, Goldman Sachs & Co. could have RIGGED prices in this sector.

People KNOW food is getting extremely expensive. Anybody doing some shopping also knows that $ 1 for one tomato is no exception and when the price for a food item goes up from $ 1 to $ 1.20 this is in fact a 20% increase.

Volcanic activity and eruptions are an predominant factor for bad crops. This will add fire to food prices going up as a consequence of monetary inflation. Expect to see politicians blame speculation and Global Warming for the direct consequence of their own stupidities (killing the goose with the golden eggs). Expect more social unrest as FOOD becomes EXPENSIVE! + 150% year to year or FOOD has become VERY EXPENSIVE and will become even more expensive in 2011 ! Since 2004 agricultural prices have gone up by 267% when expressed in Dollars and 215% when expressed in Euro.

Agricultural commodities traditionally suffer during depressions - until Hyperinflation starts....Agricultural products are Low Order Consumer Goods! - and the dramatic rise we have now is an indicator we're going to see a lot more inflation soon.

pork foodAgricultural products are LOCG (low order consumer goods). 2009 proofs the price action of 2008 was a Bear Trap. September 3, 2010 we have a CLEAR fresh breakout! There is no doubt this will have a serious impact on the cooked official inflation figures. The price of Agricultural products fluctuates in a different way compared to the price of other commodities as a shortage in supply can and is adjusted a lot faster. Farmers automatically plant more crops when prices go up. Miners most of the time need 5 to 7 years to adjust production. The price of crude oil is also important for farming as it affects the exploitation price (fertilizers are also oil derivatives).

Especially in Europe (just like at the time of the USSR) the stupid politicians made that the cost of food (pork) has become cheaper than the cost of feeding the pigs. Such is not only the result of political intervention but also one of the effects of Fractional Reserve banking and the creation of fiat momey out of thin air....

CORN candle2 WHEAT candle2 SOYB candle3 SUGAR candle3
CORN - BREAKOUT
WHEAT - BREAKOUT SOYB - BREAKOUT Sugar support of 200 day MA. and fresh BULL RUN..BUY
eCORN candle2 eWHEAT candle2 eSOYB candle3 eSUGAR candle3
$-Cocoa-breakout Euro-Cocoa-breakout    
COCOA candle3 eCOCOA candle3    
Note: Agriculturals (except sugar) have broken out !!!

Over the last year, a large number of food commodities have broken long-term inflation adjusted downtrends. This suggests that while characteristically volatile and subject to weather events, most food commodity prices can be expected to sustain levels above their historical norms during corrective phases.

The FOOD factor is (like energy) very important for Society. A shortage of food or expensive food has historically always resulted in major shifts of society. Belgian became independent in 1830 (there was a depression atcannes that time) and the driving forces behind the French Revolution were the agricultural disasters of 1770-90. [ remember the people standing at the gates of the King's palace in Versailles complaining there was no food for the children...and Marie-Antoinette telling them that in this case, they should eat Cake. Today is not different]

The situation in North-Africa and the Middle-East is a direct consequence of expensive food. Those countries feel the pain more as their fiat currencies have been traditionally weak ones because of the mismanagement by their Rulers.

GKX pf1
Short term candle Chart Comments
GKX candle1
  • Jan 21 - March 22, 2016: BOTTOM
  • Aug 31: BOTTOM
  • Dec 28: New Uptrend expected in 2017....
  • Jan 18 - Feb 18, 2017: Breakout?
  • March 15 - May 30: breakout stalled.
  • Feb 15, 2018: more bottom building.
  • Mar 6: and fresh UPLEG.
  • May 6 - June 12: BREAKOUT...visible on short candle chart.
  • July 16: BOTTOM
  • Aug 28 - Oct 23 - Nov 16: Bottom + Sideward
 Long term candle
GKX candle2 small
   

food-price1 

1830 Tempo famine in Japan, expensive food in Europe
1870 Taipan famine in China: 60 millions die
1879 Famine in Ireland
1916 Winter famine in Rusland
1921 Famine in Rusland: 1/3 of the population dies
1941 - 1946 Famine in Rusland & Persian Gulf
1947 Russian famine: 1.5 million people die
1959-1961 Chinese famine: 43 million die
2009 Zimbabwe food crisis thanks to Mugabe
2012 Hyperinflation in Iran

 Copyright 2017, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic 


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