“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Food Inflation
The ELEMENTS Agriculture Total Return ETN linked to the Rogers International Commodity Index (RJA) looks to break out of the two year base that has been building since the panic of 2008. Global investor Jim Rogers has been advising investors to put money into commodities and avoid the US dollar since at least 2003, when we saw him at an analysts lunch in Michigan. This vehicle tracks around twenty different agricultural products, with currently surging corn representing around 13 percent of the weighting.