Teucrium Agricultural Fund
What is it?
Fundamental idea?
It is quite obvious now that the FED will stop at nothing to give us the wonderful gift of inflation that they say we so desperately need. Gold has snuffed this out, and it seems $TAGS has as well. Agriculture as a commodity has me more interested at the moment than others because many others have ties to economic strength.
Technicals?
Long-term downtrend line violated. Support found with an inverse head and shoulders pattern forming as a launching pad for the re-price.
Sugar is flying. Will it break out on this run or fall back to create a mega inverse head and shoulders pattern? I would add directly to Sugar ($CANE) if that happened.
Corn bottoming would add to conviction.
Wheat looks great. You could consider a direct trade in ($WEAT).
Soybeans still making a decision. Once the long-term downtrend is firmly violated, then conviction will increase.
Back to $TAGS. I would not be surprised to see a new high in the future. If symmetry serves us then you could forecast an over 3x return over 7 years.
Give up on this trade if $TAGS trades below here.
A note: There are many people looking at the demise of fiat currencies as an opportunity to play outlasting currencies against each other. While that is happening, there will be bull markets in commodities in some sort of optimal order over the next decade if you were to invest. I think that is the better framework to take going forward.