Aug 15, 2018
Everywhere we look fiat currencies are burning down. What is the market telling us? Is something big about to happen. Every time the US Dollar goes higher, it's bad news for some country. While it might be affecting gold and cryptos negatively, the trend won't continue indefinitely. As we have seen over and over again, not only does the tree not grow to the sky, but markets have a nasty way of punishing investors who refuse to accept this immutable fact.
As Ned predicted last month on this show, the Chinese have an insatiable appetite for soybeans. And while they were only too happy to levy reciprocal tariffs on US soybean products, it seems to have blown up in their faces. Unless they want to reduce beef and pork production, there's only one place to go, the good old USofA. Could Trump have known this already. More fun to follow.
Ned has some great ag picks in addition to perennial favorite Archer Daniels Midland. Eli Lily is about to spin off their ag biz and it promises to be a major home run for those savvy enough to recognize it as such. And Ned doesn't believe all those nasty things they've been saying about Roundup!