We caught up with Ned Schmidt today. This gold bear has gray hair, its teeth falling out, has bad eyesight, joints are hurting after two years. It’s highly unlikely that the sector can go any lower. The gold mining sector has probably hit bottom. The number of mining stocks hitting lows has probably hit bottom. The Chinese economy is on the upswing too. Rather than raising taxes and increasing regulation like the United States, they are cutting regulations and taxes to stimulate the economy. The non-grains are very strong. Beef prices are going up until March or April. Cotton is going up. The grains are down right now until early spring. Ned is a major supporting of GMO foods. He believes they’re extremely important to increasing crop yields and animal production for the sake of feeding humanity.
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.