NIB: Clouds May Loom In Cocoa’s Future
Why have so many commodities seen their most bullish breakout in years? One reason is that the US keeps printing money, so the dollar weakens. This means that some price movements, such as the explosive move in gold and silver prices, could be attributed to a flight to safety. Not all the reasons for commodity price rises, however, are dollar-related.
The recent 10% hike in cocoa (NIB) is also because of the weather. 70% of the worlds chocolate grows in West Africa. Ivory Coast and Ghana are t…
