Don Coxe was interviewed in the Globe and Mail today (www.theglobeandmail.com see the website's front page top left hand corner), pretty good interview, as typically he continues to favour agricultural and food-related stocks and other commodities, but particularly likes gold, he thinks it is headed up after the G 20 sold off its IMF gold bullion. He doesn't say much about juniors but says shrinking supplies of gold in secure parts of the world will force the price up. He thinks this latest G 20 move to sell bullion has been completely misinterpreted (i.e., as lack of confidence in gold). He thinks the current uptrend in copper is overblown. He believes gold is useful as a hedge in the short term against economic breakdown and in the longer term as a hedge against inflation, which he thinks is inevitable. Of course he was caught in the recent drop in commodity stocks, but has not lost faith, he holds on to his preference for commodities for somewhat different reasons, now including the Obama doctrine in his analysis. He thinks the Canadian dollar is a keeper against the US buck, and certainly does not like Obama's efforts to use the crisis to recast the US economy along corporatist lines. But he believes Obama can only go so far in eliminating free markets, that is why Coxe is in commodities which he believes require fully functional markets if they are to be produced at all - including food, which is getting pretty basic. Best to all, Isaiah
