GOLDBUGS AMEX Goldbugs Index (GOLD)

[bob3]

Don Coxe:

Some text Courtesy....TheSlowLane @ SI

Just listened to Coxe this morning. The food inflation that is in the pipeline is getting very serious indeed. Corn at 5.25 is going to impact about 80% of everything on the supermarket shelves. Everyone should be praying for good weather in the Midwest or we will be eating cardboard. He also talked about an eventual 1% Fed funds rate. So, while a pullback is giving shorts an opportunity to run for cover, he is not at all concerned about his gold stocks.

Cheers,
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Don Coxe: Fridays weekly audio program.

http://events.startcast.com/events/199/B0003/#