Transcript of Don Coxe Weekly Webcast (March 20th, 2008)

Thanks to http://www.beearly.com/ for posting a transcript of Don Coxe's weekly web cast which can be found here.

For those wondering if a bottom has been put in for the financials, other than a technical bounce off the January lows, Don Coxe argues the write downs and rescues by the Fed are just beginning.

He is maintaining his long-held stance that commodities will do well in the long run as reserves in the ground of usable material will begin to assert their value over "man-made" goods and services.

Mr. Coxe feels the recent correction in gold and base metals was part of a washing out of newer speculative entrants to the market along with hedge funds answering margin calls. Most telling was his contention that $200 a barrel oil would be self-defeating; crippling the global economy while $1400 Gold would be indicative of economic uncertainty but not hamper global growth.

After the recent plunge in commodities, especially gold, I find solace in the macro perspective that Don Coxe takes and these moments of weakness test a gold bull's will.

Looking to add to my gold position if we bounce off the $860 level on strong volume.
If $860 fails to hold, Ill look a move towards the 200 MA where strong support lies from a technical and valuation perspective (via increased jewelry demand). I wonder how the gold stocks will hold up during any more gold weakness. Don seems to believe the valuations in gold stocks will be coming soon, I hope he's right.


J

Don Coxe: Basic Points February 2008

Don Coxe's February 2008 issue of Basic Points can be found here.

This is a must read for macro economic analysis.

Don Coxe February 2008 Conference Call

Don Coxe's February 25, 2008 webcast can be found here.
Don Coxe has been bullish on base and precious metals for several years now and is one of the best market forecasters in the industry.