Gold pushed higher in the far East and London, but slacked off at the open of the New York session on Tuesday, falling in the first hour, then trading sideways for the rest of the day, and finishing at $928.00/oz., up $3.30. Overnight, gold has been pushing higher.

Well, I guess it’s now “official.” Over the weekend, representatives of the International Monetary Fund (IMF) and World Bank officially declared that we are in the middle of a global food crisis.

The price of corn has already climbed 25% since January and established 13 new record highs. And food prices across the board are climbing to historic highs as a result.