Alert: corn supported by technicals in near-term; gold supported by distaste for government.
Let’s add CORN and IAU now.
The technicals look bullish for corn, and a US debt ceiling resolution before the August 2 deadline (in any form) could be a catalyst for risk appetite.
But that said, a “resolution” will not wash away the general distaste for government and fiat currencies. Gold, while not an automatic winner, seems like a well-rounded bet in this market.
Additionally, the QE3 discussion will likely resume soon, once the official government bodies take a break in their bickering. The annual Federal Reserve meeting in Jackson Hole takes place in August. Acceptance of potential QE3 will buoy commodities.
CORN (Last Price: $45.72)
Buy shares of Teucrium Corn Fund, symbol CORN, at the MARKET. Then place an order to SELL ALL your shares of Teucrium Corn Fund, symbol CORN, at $41.90, STOP; this order is good till cancelled.
IAU (Last Price: $15.79)
Buy shares of the iShares Gold Trust, symbol IAU, at the MARKET. Then place an order to SELL ALL your shares of iShares Gold Trust, symbol IAU, at $14.70, STOP; this order is good till cancelled.