from King World News
40 year veteran Don Coxe told King World News, “Gold is a global asset,
and as a global asset it’s trading at an all-time high.” He noted that
it is only, “… the dollar price of gold where it isn’t at an all-time
high.” Coxe, who is Global Strategy Advisor to BMO ($538 billion in
assets), also spoke about “… an extremely rare event for equity
markets,” which was directly related to the mining shares.
Here is what Coxe had to say: “We’ve had a period of consolidation
(in gold) for the last two weeks. Almost every other day we trade the
‘Independence’ level, which is $1,776. Well, we traded above that, then
we went below it, and now we’re back up to $1,768, and maybe we are
going to finish the day at $1,776.”
Continue Reading at KingWorldNews.com…
sovereignman.com / by Simon Black /
Last summer, two researchers from the New England Complex Systems Institute published a short paper examining the correlation between rising food prices and civil unrest. It was a timely analysis, to say the least. A number of food riots were occurring throughout the world, not to mention waves of revolution sparked by the high cost of food.
This is nothing new; throughout history whenever people have struggled to put food on the table for their families, social unrest has been a common consequence.
The French Revolution is a classic example; after decades of unsustainable fiscal and monetary practices that wrecked the French economy, the harvest season and subsequent winter of 1788 were particularly harsh. People went hungry, and it ultimately started the revolution.
The researchers’ analysis went a step further, though; they modeled the relationship between food prices and social unrest to reach a simple conclusion– whenever the UN Food and Agricultural Organization (FAO)’s global food price index climbs above 210, conditions ripen for social unrest.
Today, the FAO’s food index is at 213… and rising. Netherlands-based Rabobank recently published its own analysis, forecasting further rises in food prices well into the 3rd quarter of 2013.