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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Perspective who wrote (9357)7/16/2004 9:24:08 AM
From: mishedlo  Read Replies (2) of 116555
 
Gold tracking treasuries and US$ as expected as opposed to the unexpected drop in CPI.
Judging from the reaction it should be clear that gold is tracking the US$ more than anything else.
That does not mean it always tracks the US$ but that it is still tracking that more than inflation IMO.

The real questions here are: if and when the US$ falls with falling treasuries instead of being positively correlated and when gold starts acting like a real currency

Mish
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