Tuesday, June 21, 2011

Commodities - Cow juice edition

I guess it shows that I like to look at commodities and if eSignal had the data I'd look at all sorts of Journal of Commerce oddities (corrugated cartons, come to mind).
Here is a chart of the barely traded July milk futures contract. I cannot even get a continuous contract so this may not represent the boys in the Hood dairy (OK, that was really reaching for a pun).

The point? They tell us that milk prices are skyrocketing and this proves it.

I know you can't eat gold but I am maintain my long-term bull view on it.

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