Inflation grabs a hold of food prices...

From The Reformed Broker:

Hate to say I told you so, but this one could be spotted a mile away.  And some of us did.  The law of unintended consequences is in full effect as the food price inflation (aka Agflation) I feared is finally here.  We're not talking out of control price hikes at this point - but the trend is the trend and our monetary policy is definitely exacerbating it.

From the Wall Street Journal:

Prices of staples including milk, beef, coffee, cocoa and sugar have risen sharply in recent months. And food makers and retailers including McDonald's Corp., Kellogg Co. and Kroger Co. have begun...

Read full article…

More on agflation:

Five dangers to global crops that could send food prices through the roof

AGFLATION: Food prices are exploding higher

The No. 1 commodity story of the next decade may have nothing to do with precious metals

View the original article here

Eric King: Massive physical orders just below todays futures prices

Dear Friend of GATA and Gold (and Silver):

Eric King of King World News reports from London precious metals market sources that there are "massive" orders for physical metal not far below today's futures contract prices. King's commentary is headlined "Massive Physical Gold Buyers Just Below These Levels" and you can find it at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/10/7_Ma...

Or try this abbreviated link:

http://bit.ly/bdzy9p

Chris Powell

Secretary / Treasurer

Gold Anti-Trust Action Committee

www.GATA.org

* * *

Join GATA here:

The Silver Summit
Thursday-Friday, October 21-22, 2010
Davenport Hotel, Spokane, Washington
http://www.silversummit.com/

New Orleans Investment Conference
Wednesday-Saturday, October 27-30, 2010
Hilton New Orleans Riverside Hotel
http://www.neworleansconference.com/redirect.php?page=index.html&source_...

* * *

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at www.GATA.org. GATA is grateful for financial contributions, which are federally tax-deductible in the United States.

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

View the original article here