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The Coffee Traders Forum

Re: Weekend Coffee Update / P.S.
By:FlatDelta
Date: Sunday, 29 June 2008, 10:42 am
In Response To: Re: Weekend Coffee Update / P.S. (Barefoot)

It depends on what you call bullish, I guess. Will KC see 190.00 or 200.00 this year? I'd bet not. But can it test the old highs up in the low 170's? Possibly, however likely IMHO. As a result of what? Weather? Certainly not. But yet again you cannot deny the forces that have driven most ags in the past year or so; the usual suspects: weak USD, BRIC nation hoarding, commodity futures legitimization as investment vehicle vis a vis the ETF, and, of course the stellar rise in CL as a result of all of these. Nowadays, as we all know, all commodities have a relationship; sector grouping/indexing. We are now just another sector to be watched, like the Financials, Utilities, Health Care and so on. So why may KC go higher? Well, why does a dog lick its balls? Because it can.......

Responses To This Message

Re: KC is part of a Larger GAME? / FlatDelta
Steve H -- Monday, 30 June 2008, 9:14 am