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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 […]

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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.

To see what Barnes now expects, please read on...