How is the drought going to affect gold & silver prices?

jmski52

Well?

Looks pretty bad for the crops this year.

GRANDAM

In my area we have had only 1/10" of rain in the last 50 days. The wrose drought that I have ever seen.

Corn is 2' - 4' tall and the dry weather started about 3 weeks before it started to tassel. Beans are 4" - 8"tall. We are looking at the worse corn and bean crop to ever hit this area. A few farmers have irragation on some land but nobody has it on even 30% of their acreage.

I grew up on a farm and my parents still have cropland so I know what it is like

I cut my grass the last week in May and have only cut (1) time since and that was just to level it off from the weeds that had grown up. The grass is brown and dormant.

I took out an old fence on my lot and the ground was so hard that I like to never got the fence post pulled out using my truck.

GrandAm

DoubleEagle59

Looks like a very serious drought.

No idea regarding the effect on PM's.

cohodk

I cut my grass the last week in May and have only cut (1) time since and that was just to level it off from the weeds that had grown up. The grass is brown and dormant


Same here Grandam and I'm loving it. I hate cutting grass.

If the USA cant supply food to the rest of the world then the rest of the world will be hungry. Do they wanna eat or buy gold?

gsa1fan

Last years corn yield was sub par too

Baley

So, it's hot in the summertime, and not much rainfall? Who is to blame for this oddity?

And some years more, some years less? Golly. This will make food prices rise, naturally.

Do we expect the situation to affect prices of metals? should we? I'm asking.

ps, my lawn looks like hell, too, just like it does every single July

OPA

You guys can have some of my rain. Been mowing the lawn on a weekly basis since April. Matter of fact, it's to wet right now, and it needs mowing. Vegetable garden is overstocked with veggies & tomatoes. Next time you're in the DC burbs, give me a shout & you can have all the yellow squash and cucumbers you can eat.

slinc

I hear most parts of NC are under drought conditions but at my house seems like every other day I get one of those heat fueled downpours. I cut the grass today and in spots it was like I was cutting bushes.

tincup

Drought is very wide spread this year. Same here in Nebraska. Last year many got wiped out by flooding; this year by drought. The corn looks horrible; probably a lot will be cut up to feed as foliage to livestock.

Expect prices on food to have a nice increase this year. Beef will be ok for awhile, there will be a supply for awhile since some ranchers will be thinning herds now so they will not have to be faced with huge feeding costs, since corn and hay will be expensive in the fall. But as soon as the herds get thinned out, expect healthy price increases on beef also since there will then be a shortage.

With prices going up, stock market will likely take a hit. JMO.... .... metals will trade in their current range. Coin market may be lackluster is individuals have less discretionary money to spend. If there is no regime change this fall, metals will take off again. That's what my cloudy crystal ball is telling me.... .... but then maybe it is just my imagination!

NumbersUsacom

weather has been relatively nice here in middle California. Crops are nice grass is good and the dairy cows healthy.

The Earth Quakes are just horrendous though, and we wish more would take heed and stop moving here due to this awfull earth quake laden... fall off in the ocean at any moment state.

We really wish the brainless liberal wacko's would realize its much to dangerous for them to live here. The real danger so far over the past 7 years or so is getting to close to a mexican gang
shootout or stabbing, which happens weekly, or being hit head on by a drunk illegal alien, besides of course the socialists and enviro wacko's running the state into financial ruin.

Makes me want to buy some more Silver and Gold.

percyb

$10 corn on way I've heard.
Drought keeps silver and gold dry--.

Baley

Well, the frozen concentrated orange juice crop report has been obtained in advance from Clarence Beeks, and it indicates that the cold weather has not affected the orange crop. So Billy Ray Valentine and Louis Winthorp III are clear to front-run the Dukes' attempt to corner the FCOJ market.

"one dollar!"

TheRegulator

On Sunday, I drove out from Minnesota to western Wisconsin for a little gold panning and the crops looked excellent. Fields were 7-8 feet tall before the 4th of July and that was before they showed sign of tasseling. Ears are already getting quite sizeable. Hopefully the weather continues to cooperate and farmers around here can get good yields with high prices.

If the drought does affect PMs, my bet is that it would bring prices down by helping to slow the economy even more through higher fuel and food prices.

bosco5041

drought here in Indiana is fairly wide spread. My yard is nearly dead and all the corn crops I've seen are horrible looking. I have my own well water and I'm afraid it is going to go dry on me if we don't get any rain soon and a lot of it. I think a well stocked pantry of canned food would be a great investment right now.

Spooly

Several years of severe drought could cause a globe famine....... major Black Swan event.

cohodk

<< <i>Several years of severe drought could cause a globe famine....... major Black Swan event. >>



And its too bad the USA has 25% of the worlds fresh water. And China has.......?