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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (13880)	6/11/2008 5:50:03 AM
From: TheSlowLane	Read Replies (2) \| Respond to of 29622

Volatility...one of the few things that does not seem to be in short supply these days. Couldn't sleep last night and watching Bloomberg, all I hear is inflation, inflation, inflation...and more inflation. Inflation in Japan, inflation in China, inflation in Europe, inflation in the US...not a pretty picture. And we can look forward to food prices getting goosed big-time now. Too much rain in the Midwest means less corn. Coxe has been saying keep an eye on this as it means that 50% of the corn crop could go to ethanol instead of 35%. That will directly impact animal feed prices which means chicken, pork and beef will be notably higher by fall/winter. Meanwhile...there's no rain in California. Avocado farmers are "stumping" a significant chunk of their acreage but if the situation is persistent then they will have no choice but to shut off the water completely and let those tries die off altogether. The California almond crop did get pollinated this year, but instead of the 1/3 of the commercial bee supply that it required last year, this year it took half. And that's not because there are more trees. There are parking lots in Southern California that are turning in to tent cities/mobile home parks as the newly dispossessed discover the involuntary pleasures of urban camping. NPR had a guy on the other day that lives in a mobile home on Riverside Drive. He used to have the place to himself more or less. Now he has lots of company. Higher interest rates will make sure that he won't be lonely any time soon. But I am not so sure we will see that soon, despite the increasingly manic jawboning to that effect...