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Lubbock, Texas | if you are not a "trader" a "gambler" or just like taking "risk" then now is the time to sit tight
it is impossible to make any type of realistic trading position when you have incompletely calculated crop disasters, government interference, global unrest, and an administration that considers producers last in line behind the "poor" and unproductive and behind the speculators they love to bash, but need to profit to pump up the "machine"
the movements between now and the end of harvest will be extreme and violent until people figure out where things are and a final big movement is made before smaller movements in price set in for a bit
this administration just admitted they have no clue what is playing against the economy or how to handle it and we can see their ideas today are "act" which means open a reserve today, get in the middle of the markets and leverage or taking delivery ect tomorrow, and maybe the week after that give a big load of grain away to the third world and then declare an export embargo
all you have to know is if it even comes out of one of their mouths it will probably eventually happen and it will happen right when it works against American producers the most
we need cheap prices, high jobs growth, low inflation, huge money growth, low commodity prices, global production growth, low interest rates, and we have crushing debt and taxes that are killing investment.....there is no easy way out of this especially with "people" in charge that have no clue | |
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A thought...
