This is the fourth day in a row with light volume and it
appears that we might see the beginning of a sell off. The news around the world is trending
negative. The Chinese stock market has
been down 5 days in a row and is now negative on the year. The Chinese are also dealing with a dead pig
problem. In the Huangpu River they have
fished out 6,000 dead pigs, they are not saying where they came from. There has also been 50 carcass’ found in the
Hubei River. If we are hearing these
numbers, one can only guess what the real numbers are. The USDA is also considering buying 400,000
tons of sugar to stave off loan defaults of $862 million in loans that were
given out 9 months ago. That is ridiculous. Again the government is interfering
with the free market and will try to keep sugar prices artificially higher than
they should be and those costs will be passed on to the consumer. You gotta love the government.
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