When it comes to food and precious metals there are few people out there with more experience following them than Ned Schmidt. He believes that Fed tightening is the death knell for the Nasdaq or Techno-Junk as he calls it. He sees the up cycle for food and precious metals as full steam ahead. The California Drought and increased population as well as other factors have seen food prices take off in 2014. According to ZeroHedge, they’re up 19% this year already. There’s probably some inflation due to money printing in there as well. Ned suggests a number of stocks that will benefit from the trend. He’s been right for the past couple of years and there’s no reason to believe he won’t be right now.
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