commodities on a roll

Mike Bertelsen

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With crop prices going up and the price of gold pegged to perhaps hit $2000.00 an ounce, will QE3 happen or not? Most stock guys don't want it. The consensus is that the stock market is doing just fine without QE3.

But if commodities still remain high, what will that do to the consumer? Food prices are high enough now. Can the household incomes stay up with this kind of price inflation? Do you want to answer that with your wallet?

The rest of July will and should tell us more on the state of prices for corn and wheat. With rainfall totals down almost 3 inches in some parts of the Midwest, the crop yield reduction estimates have increased.

What a summer it been, huh?


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