A closer look at agricultural commodities
Ned Schmidt, founder and editor of the Agri-Food Value View newsletter shares his insights on the agricultural sector. He argues that since the bottom was found in October this sector has been in a bull market. Ned also states that since news takes time to work its way though the system combined with demand increases in key developing nations will continue to drive agricultural commodities higher.
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Why lumber? Is Trump gonna build the Wall out wood?
Thanks for having Ned Schmidt on. He is right on the fundamentals,too.
Mr. Schmidt is a very sharp guy.
I agree. I also like his accent. If he had an interview with Jim Rogers, it would be even better – and Tim Wood too. Coming from outside the USA I don’t know what particular state accent Ned has.
Anyway, I remember reading Ned Schmidt around 2002 – at that time he had his forecast of $1253 gold, every time. It was barely $300 then. $1253 gold was an amazing call. Even though gold got well above $1253, it has been a magnet number at which gold has spent a very large amount of time trading since 2009 and especially since the bubbly top in 2011-2012.
I can’t find many reference to Ned’s 1253 call online but here is one:
https://hotcopper.com.au/threads/gold-now-this-guy-is-bullish.25288/
Gold Power Cycles Toward $1,253
By Ned W. Schmidt CFA,CEBS
May 7 2002.
An interesting ETF I bought a month ago (WEET) is beginning to move from extreme lows. Check it out. It’s a bet on wheat, which you may have guessed.
Minneapolis Wheat Posting Downside Reversal
Jerry Welch – InsideFutures.com – Tue Jan 17, 11:31AM CST
I’ve been telling my colleagues for months that we were headed for a huge commodity market boom.
All we need is a good volcanic eruption and some ill-timed monsoons 🙂
I was listening or reading something Peter Thiel said. Really interesting. Of the richest people in the world, the majority make big money when the things they provide are scarce. So I imagine there isn’t an incentive to ensure an amply supply of whatever they provide.
Soybeans look great.
Lumber looks better.
Oats and silver look promising too.
I don’t use TA, but monitor volume.