Stealth Bull Market in Agriculture: Intrepid Potash
One of the only potash producers listed on a US exchange. Has been left for dead for over a decade.
Intrepid Potash $IPI has returned 150% since the day of the election 11/3. I am a buyer on weakness and pullbacks. If the inflation cycle really does heat up over the next few months, $IPI could make a move to $100 in 2021.
Intrepid Potash $IPI has returned 150% since the day of the election 11/3. I am a buyer on weakness and pullbacks. If the inflation cycle really does heat up over the next few months, $IPI could make a move to $100 in 2021.
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The recent pickup in volume is only comparable to the massive sell volume in 2016. This rate of change increase suggests that a new trend is emerging that could last for many months or years.
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Ok so clearly I was ahead of myself on IPI. Triple digits is not in store for us soon but I still believe in this long-term. Maintaining a half position, will buy more between $25-$18.