cotton prices
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Cotton Prices Skyrocket: Don't Miss Out On 123% Gains
You could have just banked 123% gains on cotton. That's what Money Morning readers are sitting on right now. A few months ago, I told our readers to buy cotton. And if they bought when I advised, they already more than doubled their original investment. When I recommended cotton, it was trading at roughly a […]
Investing in Cotton: With Prices at a New Record, Here's the Move Investors Should Make Now
Cotton prices reached an all-time record yesterday (Monday), due to continued fears that global supplies will far short of the soaring needs in China, which remains the world's biggest consumer and producer. Cotton for May delivery closed at a record $2.1414 a pound in New York, an increase of 1.44 cents, or 0.70%. It earlier […]
Cotton Price Forecast: After Our 123% Gain, Here's Our Next Call
Back in late September, in an essay to Money Morning readers, I crowned cotton as the "new king" of the global commodities sector.
At the time, cotton was trading at roughly a dollar a pound - after having traded in a range of 40 cents to 50 cents per pound for decades. I told readers that cotton prices could hit $1.25 a pound anytime within the subsequent six months.
As it turns out, I was correct in being bullish -I just wasn't bullish enough. Just one year ago, cotton was trading at 70 cents a pound. Today it's trading at roughly $2 a pound.
Readers who acted on this call have more than doubled their money. In fact, the exchange-traded note that we recommended in that report has soared more than 120% since I recommended it and is already up 46% year-to-date.
The real question, of course, is: What happens next?
Here's my cotton price forecast. And here's how to play it.
At the time, cotton was trading at roughly a dollar a pound - after having traded in a range of 40 cents to 50 cents per pound for decades. I told readers that cotton prices could hit $1.25 a pound anytime within the subsequent six months.
As it turns out, I was correct in being bullish -I just wasn't bullish enough. Just one year ago, cotton was trading at 70 cents a pound. Today it's trading at roughly $2 a pound.
Readers who acted on this call have more than doubled their money. In fact, the exchange-traded note that we recommended in that report has soared more than 120% since I recommended it and is already up 46% year-to-date.
The real question, of course, is: What happens next?
Here's my cotton price forecast. And here's how to play it.
To see what Barnes now expects, please read on...