Today saw a couple of articles from a href="http://globaleconomicanalysis.blogspot.com/2010/02/commodities-kiss-of-death-is-reflation.html"Mish/a and a href="http://www.zerohedge.com/article/commodity-crash-and-sp-500-vix-correlations"Zero Hedge/a on upcoming doom and gloom in the commodity markets. While short term weakness has given to a more protracted intermediate down phase (potentially lasting up to 6 months), it doesn't mean this is the end for commodities.br /br /span class="fullpost"Unlike equities markets which enjoyed stellar secular growth from the early eighties, gold and commodities in general, had been languishing up until late 2002 / early 2003 when new secular bull trends kicked off. For gold markets the trend has been obvious:br /br /a href="http://1.bp.blogspot.com/_WWGUfU1tOjI/S2wBx5KTQII/AAAAAAAABME/z1zYOsjnvOI/s1600-h/GoldSecular.png"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 188px;" src="http://1.bp.blogspot.com/_WWGUfU1tOjI/S2wBx5KTQII/AAAAAAAABME/z1zYOsjnvOI/s320/GoldSecular.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5434720806998589570" //abr /Oil prices have had a more erratic start to their secular bull market, dropping to the bargain basement price of $30 in late 2008 after a parabolic price surge.br /br /a href="http://2.bp.blogspot.com/_WWGUfU1tOjI/S2wCfTyCKmI/AAAAAAAABMM/B3Wd5AM6WSI/s1600-h/OilSecular.png"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: ...

As long predicted [May 27: Update on Corn and Livestock] the chickens (couldn’t resist) are coming home to roost…. as always we are early and you never know when a thesis will hit critical mass. But as I’ve been repeating I think “oil” will be replaced with “food” as the inflation of choice for the news channels to stress over later this year and into early 09.

I will say the action this week in iPath DJ Livestock ETN (COW) was very encouraging. [Apr 23: Initiating iPath DJ Livestock ETN (COW) - Make up your own Farm Animal Headline]

I’ve mentioned this name, iPath DJ Livestock ETN (COW) recently as a play on the twin tower effects of (a) governmental ineptitude (ethanol boondoggle) and (b) Fed induced grand larceny against savers and lower/middle class (inflation). While I could see grains having a …

I’m long 5,000 bushels of corn in the futures market. I bought the contract at $6.22 (a bushel), near corn’s record high price.

Why? Because I’m expecting the price of corn to more than double in the next 18 months, to well over $12 a bushel. And I’ll be adding more corn to my portfolio when I see the next buy point.

I plan on buying soybean futures, too. Currently trading at just under $13 a bushel, I expect soybean prices to eventually climb to more than $25 a bushel, doubling in price.

And that’s just the beginning!

Other foods on my radar screen include …

Cocoa, which has enormous upside potential as hundreds of millions in …