Monday, December 6, 2010
It's a Cocoa Convulsion
Cocoa prices surged to a four-month high as the political crisis in Ivory Coast, the world's largest producer of the commodity used to manufacture chocolate, deepened on Monday. This cocoa crisis won't last long if the political crisis is soon resolved. If/when that happens, I'll be watching for an opportunity to short cocoa. Parabolic up, parabolic down!