Ned Schmidt observes that the Fed is clearly in a box. Will they raise rates in June and start reducing their balance sheet? Don’t know yet, but none of it is good news for the stock market. Gold looks poised to move, is it’s time to shine coming up shortly? And then there’s the ag commodities. Ned says they’re in a bull market, led by animal proteins. India has killed the trade in Water Buffalo which accounts for 20 percent of the world’s beef. Prices are almost certain to increase fast and furiously once the effects are felt. Who will pick up the slack?
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