The always entertaining Don Coxe was on BNN today discussing commodities, oil, gold.
He says that:
- Oil is at a 9-month high but is not in a bubble. There are prospects of military confrontation out there.
- China has outsourced its monetary policy to Ben Bernanke!
- He add to to buy gold, deflation is being fought on a majestic scale, BoE, Bernanke, Draghi with LTROs money printing at an unbelievable scale. Now even the Bank of Japan is printing money. Even central banks are buying gold.