Thursday, September 17, 2009
Doug Casey on Investing Opportunities in Cattle
What's the cheapest commodity on the board right now? It's probably a toss up between cattle and natural gas. Both are beyond beaten down; both are at near historic lows; both are just cheap.
That doesn't mean they can't get cheaper. But if you're looking to make some big bucks in commodities, it's usually wise to find something really cheap to buy (which is safer than finding something expensive to short, since your downside is limited).
Doug Casey's been on the cattle beat for a while - so long, in fact, that he started his own herd! Though I doubt most readers have the means (or energy) to take steps like that, I found his insights on cattle very interesting. Here's a guy who's bearish on nearly everything...so when he turns bullish on something, it must be for a good reason.
Enjoy Doug's guest piece!
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