Ned Schmidt: Ag Sector Stocks and Commodities Just Beginning Their Correction

Ned Schmidt is a financial engineer specializing in global capital flows. He has been an advocate and practitioner of value oriented investing for thirty years. Ned began his investment career as a security analyst following the oil industry in the early 1970s. In the 1980s he was manager of an investment management group with discretionary responsibility for about $3.5 billion. During the past decade he also taught institutional investment management as The Roland George Visiting Professor of Applied Investments at Stetson University. He currently manages the Argyle Global Equity Appreciation Fund, an offshore mutual fund in the top quartile of global equity funds the past three years by Standard and Poors. Ned currently publishes THE VALUE VIEW GOLD REPORT, and writes for THE GLOBAL ADVISOR published in Toronto.

This week on the Financial Sense Newshour, Ned joins Jim Puplava to discuss the agriculture sector. Ned is cautious and believes that Ag stocks and commodities are just beginning their correction as he sees prices heading lower. He believes investors should be cautious in the period ahead, and it would be best to stay on the sidelines for now.