Today’s Call: September Wheat to rise. Currently $6.71-6.
Rationale: Kansas Wheat was reported as 55% cut today and reports that the harvest is 100 million bushels lower than last year will weigh on prices as word spreads.
Calls to Date: Good Calls: 32, Bad Calls: 27, Batting .543
Key Indicators for Tuesday, June 28, 2011
Gold Price Per Ounce: $1,501 BENEFITING FROM PERMANENT UNCERTAINTY
MINT Perceived Target Rate*: 2.25%
Unemployment Rate: 9.1%
Inflation Rate (CPI): 0.2%
Dow Jones Industrial Average: 12,189
M1 Monetary Base: $1,895,400,000,000 RED ALERT!!!
M2 Monetary Base: $9,086,900,000,000 YIKES!!!
*See the MINT Perceived target Rate Chart. This rate is the FED Target rate with a 39 month lag, representing the time it takes for the FED Target rate changes to affect the real economy. This is a 39 months head start that the FED member banks have on the rest of us on using the new money that is created.