For the last four months straight, NIA has consistently said that corn is its #1 favorite commodity. With U.S. checkable deposits (non-seasonally adjusted) growing by a record 110% year-over-year, you must learn to price all assets in terms of real money, gold! Otherwise, it's impossible to tell when commodities are undervalued vs overvalued.
On August 25th with corn trading at 0.001764 oz gold per bushel, NIA explained that corn futures needed to gain by 50% just to return to its trailing 3-year average of 0.002645 oz gold per bushel. Since August 25th, corn's real money price has increased by 35.6% to 0.002392 oz gold per bushel.
Priced in worthless U.S. dollars, corn settled this week at a new 18-month high of $4.51 per bushel! The only other commodity that settled this week at a new high for 2020 is soybeans, which settled this week at a new 78-month high of $12.646 per bushel!
The Teucrium Corn Fund (CORN) closed this week at its high of day, week, and month of $14.76 per share. In fact, for the very first time, CORN closed today above the upper resistance level of its trading range!
NIA's CORN January 2021 $13 call options closed today at a new all-time high of $1.75 for a gain of 150% since NIA's August 25th suggestion at $0.70!
Throughout this entire year of 2020, NIA has only announced two option plays! NIA's SLV call option suggestion gained by 761.11% in 5 months and NIA's CORN call option suggestion has already gained by 150% in 4 months!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 737 CORN January 2021 $13 call options and may either buy more contracts or sell his contracts owned at any time. This message is meant for informational and educational purposes only and does not provide investment advice.