Rebuilding strategic metals reserves makes sense, most of which we've let lapse this century. Yes agree totally. Have thot about this a bit, nor sure why it has happened. WWII was not really all that long ago. Back then we apparently imported very little. At the start of the war we couldn't, we did not control the seas.
The Chinese have a planned economy, they planned right on this one.
Seems maybe in the US we have more people that prefer to write code, as to mess with the dirtier hands on stuff. Just a thot.
Here is another cycle chart I am following. I follow these for a long time, before taking action, usually.
I know a bit about farming, wheat farmers are not making money at today's prices, imo. Not gonna remain that way.
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The cycles master says that Wheat exhibits an 18/9/4.5 yr cycle pattern. So I put an arbitrary 4.5 yr pattern here, possible bottom dead ahead. No position.
Looks to me like much further down the road, bread gonna get pricey. We're steadily being told that the price of food stuffs is coming down. What with a big energy bottom being made, I don't believe that. Appears more to me like a LT commodities boom is in the early stages.
I spent many hours on one of these, in my younger days. The old way, in The Palouse country, sitting out in the open on a JD 55 H, no AC, breathing good wheat dust, scratching a little, man a shower at night was the delux.
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