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- "Rice prices have to go much higher before supply rises. Rice at times "in the dark recesses of history," adjusted for inflation, was much higher than now. Inventories are "very low" and "nobody's becoming a rice farmer these days. Young Chinese haven't gone into rice farming in the last 30 years. They've headed to Shanghai and gone down to the new stock exchange or commodities exchange and that's true in most parts of the world."

- "I expect a nice rally in the American dollar because so many have been bearish on the American dollar including me."

- "America is also a huge producer of agriculture and if I'm right about agriculture prices, which I think will go up a lot, that's going to help America compared to those countries which don't have agriculture."

On a final note this week, for those of you living in or around NYC, you might consider coming down to the New York Hard Assets Investment Conference taking place at the NY Marriott Marquis, in Times Square. The event will take place on Monday and Tuesday next week. Register here, the admission is free (!) http://www.iiconf.com/pebble.asp?relid=62254

Our staff of highly dedicated and very lovely Kitconettes from the Investment Department are off to the Big Apple and they will be on hand to tell you all about our newest product - the Kitco Royal Canadian Mint Prestige Account. The writer will participate on a panel discussion and host a workshop - both on Monday, the first day of the annual event. See you there!

Happy Trading. Pleasant weekend.