Jul 17, 2014
Ned Schmidt of The Value View Gold Report sees nothing but blue skies ahead for gold and silver. $22 is the key number for silver and $1385 for gold. Once they pass through those resistance points it's nothing but blue skies. He thinks the price action this week was healthy as gold was slightly overbought.
For agricultural commodities, beef is still going up, along with butter. Corn is down this year, but next year this time he belives it will be trading in the $6.5 to $7.0 region. He's still super bullish on the emerging farm animal health drug sector. He believes the upside potential is huge!