1 teaspoon baking soda
1 pinch salt
1 tablespoon ground cinnamon
1 teaspoon freshly grated nutmeg
1 1/2 cups sugar
4 eggs
1/2 cup vegetable oil
1/2 cup spiced rum
1/4 cup water
1/2 cup chopped walnuts
1 stick butter
1/4 cup cold water
1 cup sugar
1/2 cup spiced rum
Preheat oven to 300ºF. Butter and flour a 10 inch Bundt pan. Mix whisk together flour, baking soda, salt, cinnamon, nutmeg and sugar.
In another bowl, mix together eggs, oil, rum and water. Slowly add the wet ingredients to the dry and stir until thoroughly combined.
Sprinkle chopped walnuts in the Bundt pan, then pour the batter on top of the walnuts. Bake for 60 minutes, or until a toothpick comes out clean. Remove cake from pan to make sure it is not stuck then return it to the pan. Pierce the cake 20-30 times with a wooden skewer to prepare for glazing.
Prepare the rum glaze. Melt the butter in a saucepan with the water, then bring to a slow boil. Stir in 1 cup sugar and continue to boil, stirring constantly, for 5 minutes. Remove from heat and SLOWLY add the rum. Let cool 5 minutes and slowly pour over and around the cake, allowing it to sit in the pan and absorb all the glaze. Remove from pan and serve.