Nov
14
This morning, Holly Henschen of Barron’s has a bullish article about Cocoa. The articles notes that Cocoa tested a 30-year high last month.
If you don’t trade futures, one way to get exposure to Cocoa is through the NIB ETN. On a technical basis, there is no reason to take a position in Cocoa at this time. However, if Cocoa can breakout over the recent high at $52 it could be a good trade. For that reason, I’m adding it to my watchlist.
More on this topic
(What's this?)
How To Profit From The Chocoholic’s Worst Nightmare
(Investment U, 11/30/09)
Got Your NIBs?
(Hard Assets Investor, 1/14/10)
Rice Prices Increasing Dramatically: ETN and Futures
(Shocked Investor, 11/3/09)
A Gold-Hedged S&P ETN?
(Index Universe, 1/28/10)
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