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Wheat ($WEAT) Exports Banned by India! | Phillip Streible | BNN Bloomberg Interview | 5.16.22

Posted: May 16, 2022, 5:52 p.m.

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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.

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