Gold and the US Dollar were trading in tandem, but the data over the past 30 days has shown a shift to a negative correlation. In addition, there are a few currencies making multi-year lows against the US Dollar while yields are continuing to make recent highs. Is the second half of the year better to own Gold?
China consumes 54% of the global Copper Supply. Economic data out of China has been less than desirable, placing a damper on Industrial Metals. They are using lockdowns to combat Inflation vs raising rates.
Turning to Wheat, India was on par to step up with their exports to help cushion the blow from the Ukraine/Russia production issue. Over the weekend they announced that they will not be exporting, causing Wheat ($WEAT) to trade limit up.
Post by Victor VVV on May 20, 2022 21:58:17 GMT -5
The Coming Food Catastrophe
34,013 views Premiered 7 hours ago
The widely accepted idea of a cost-of-living crisis does not begin to capture the gravity of what may lie ahead according to António Guterres, the UN secretary general. He warned earlier this week that the coming months threaten “the spectre of a global food shortage” that could last for years. The high cost of staple foods has already raised the number of people who cannot be sure of getting enough to eat by 440m, to 1.6bn. Nearly 250m are on the brink of famine.
Timestamps 0:00 The Global Cost Of Living Crisis 1:19 Breadbasket Economies 1:30 How Important is Ukraine? 3:05 Reduced Production in China 3:25 Trapped Grain 5:01 How Big Is The Shortage? 5:45 The Fertilizer Shortage 7:08 Which Countries Will Be Affected? 9:47 The Food Shortage of 2007-2008 10:37 Sponsored Content 12:10 What Are The Solutions? 15:23 Watch Next