A friend asked if I had retired the old but faithful Nikkei comparative that helped guide the way lower in silver over the past few years. Although I've leaned on a few other examples and inter-market relationships to depict an upside pivot was likely at hand - I still find merit in contrasting Nikkei's historic breakdown and subsequent bounce.
Considering it's been a while - here's an update.
I was also asked by another gentleman what my opinion was on coffee these days.
Down over 30% over the past year, it has only been outdone on the dark-side by corn. Despite the glut of supply and forecasts of another bumper crop next year, pulling up a long-term chart puts some context with how oversold the commodity is today.
For those looking for a kick of caffeine and another heaping spoonful of risk - the upside pivot in silver this summer may be foreshadowing a turn for coffee as well. 
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Coffee: Heading For A Turn?
Published 10/31/2013, 02:20 AM
Updated 07/09/2023, 06:31 AM
Coffee: Heading For A Turn?
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