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The legend of Cornucopia

Mukul Pal · January 24, 2007

cornucopia
Amalthea raised Zeus on the milk of a goat and in turn Zeus gave her the goat’s horn, the horn of plenty, which had the power to give to the person in possession of it whatever he or she wished for. This is the legend of cornucopia.
Despite what contemporary mindsets might be, for us at [bold]Or-phe-us[/bold] real wealth is still linked with milk, food, corn and maize. To just give you a reality check. Did you know that from 1995 – 2005 CORN gave an average minus 3% return annually? And 6 out of the last 10 years were negative. But 2006 just inverted the scale, as the decade average moved up from minus 3 to plus 3. CORN was up 57% in 2006. What happened?
Analysts might blame it on ALTERNATIVE ENERGY, ETHANOL and the how there is not enough CORN in this world. And about the CORN-ETHANOL conversion ratio of 2.7 gallons per bushel etc. But for us the rounding bottom pattern (right) accumulation got over in 2006 and currently CORN is undergoing the 3 primary wave move up, which should take it atleast 23% up from current levels.
We don’t have the horn of plenty for you, but just to make sure you don’t miss the bus we have studied CORN.L (Exchange Traded Commodity) traded at London Stock Exchange along with the local MCX and NCX spot and futures marked with key FIB levels. May your wish come true.

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