Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

The Ultimate Buy Setup Right Now in This Asset

% of readers think this story is Fact. Add your two cents.


Everyone’s talking bitcoin. It’s extremely “loved” by investors right now…
Even though I’m cautious on cryptocurrencies, it’s a fascinating idea, worth learning about. And that’s why we’ve shared essays on it over the past several days.
The thing is, when I look at investment opportunities, I pay more attention to what’s “hated.”
That’s where I’ve found my biggest winners often come from…
Two months ago, in my True Wealth newsletter, we bought an asset that had just reached a record hated level.
We bought near the bottom, as you can see – and now the uptrend has begun. Take a look…
What is this investment?
It’s a real asset – a commodity – that will never truly go out of style. I’m talking about cocoa.
Cocoa beans are what makes chocolate special… The beans are dried, fermented, then broken into bits called “nibs.” The nibs are then further processed into chocolate.
But nibs, apparently, are facing some setbacks for the moment…
Cocoa prices have fallen nearly in half since 2015. Speculators, worried about the possibility of a saturated market, have gotten out of the trade and driven prices down.
The pessimism surrounding cocoa reached an extreme over the summer. We can see this by looking at the Commitment of Traders (COT) report, a useful measure of what speculators are betting on today. Take a look…
Late in the summer, speculators placed more bets against the price of cocoa than at any time in history. They wanted nothing to do with it.
The thing is, demand for cocoa isn’t going away. (It’s chocolate!)
I told my True Wealth subscribers two months ago:
We can easily set up a trade with a great risk profile here…
I like to have the potential to make three times the money I’m risking on a trade. We can easily do that here…
Buy the iPath Bloomberg Cocoa Subindex Total Return ETN (NIB). Sell when you’re up 30%, or in 12 months’ time, whichever comes first. Use a 10% trailing stop.

As you can see from today’s charts, you haven’t missed the opportunity yet in cocoa…
•   Cocoa is still near record-levels of being “hated” – which is what we want to see. And…
    
•   Cocoa’s uptrend has just begun.

 
If you want to make money, typically your best bet won’t be on what’s getting the love. You want to find a hated asset.

Cocoa reached a record hated level over the summer. And now it’s in an uptrend.
That’s the kind of setup you want to take advantage of to be a successful investor…
Good investing,
Steve


Source: http://www.stansberryresearch.com/dailywealth/3676/the-ultimate-buy-setup-right-now-in-this-asset



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.