In honor of D-Day and The Battle of Normandy which began on this date in 1944, today’s Face 2 Face involves questions from the military.
Question #1: Brendan, a retired Marine from New York asks if gold is still a good hedge against the falling dollar and inflation?
Eric Bolling says, "Yes!" If the dollar continues to fall, more dollars will be needed to buy the same amount of gold. He recommends streetTRACKS Gold Trust (GLD) or Powershares DB G10 Currency Harvest Fund (DBV) which is a basket of currencies against the dollar.
Question #2: Bob, a retired Navy Seal from California asks about Whole Foods (WFMI) which has recently been challenged by the FTC in their attempts to acquire Wild Oats Markets. He wonders if WFMI is a good investment?
Jeff Macke says Whole Foods is going to be beaten up. He likes Safeway (SWY) and Kroger’s (KR) much better.
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Trader disclosure: On June 6 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Macke Owns (SWY), (ATVI), Najarian Owns (AAPL), (AMTD), (ERTS), (FMD), (NVDA), (NFI), (PGR); (.VIX), (BIIB), Bolling Owns (NMX), Gold, Bolling Is Short S&P Futures; Bolling Is Short Nasdaq Futures; Bolling Owns Natural Gas Futures; Bolling Is Short (FXI) And Owns (FXI) Puts; Pete Najarian Is The Co-Founder Of optionmonster.com