| PROSPERITY PUB MARKET TALK
Cocoa Craziness: Take 2
Feel like you've been missing out on Bitcoin?
Missed out on NVDA’s meteoric rise?
Clearly, you're not thinking big enough!
Cocoa prices have more than doubled since the start of the year.
In fact, after hitting a high of $10,000 earlier this week, they're 4x higher than the $2,500 they were trading at 1 year ago.
The bad news? Every chocolatey treat you love is either going to get more expensive… or less chocolatey.
In fact, to show just how crazy cocoa prices have gone, Jeffry Turnmire compared NVDA and Bitcoin on the same chart as cocoa to show how they’ve performed year-to-date.
Take a look for yourself:
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Cocoa is clearly knocking it out of the park!
If you read yesterday’s newsletter, you’ll know that Geof Smith brought us up to date on the whole situation, telling us that the price shock is the result of a combination of bad weather and crop diseases wiping out a lot of cocoa crops in West Africa.
And it's precisely because of this that Jeffry warns us this cocoa catastrophe might not get resolved quickly… In fact, it could be years before crops return to normal and prices have a chance to stabilize.
But as with most things that have gone parabolic, Jeffry warns us not to catch FOMO (fear of missing out) now.
He’s cited plenty of examples in the past of stocks that have gone parabolic, only to come crashing back down to earth just as quickly.
Chocolate lovers everywhere can only hope…
Catch the full segment at on Tuesday’s edition of Morning Monster by clicking here.
— The Prosperity Pub Team | | | | |
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