we will see if price inflation comes to US Economy
in areas outside cost structure
it MUST appear in consumer prices AND wages
so far retail center prices are dominated by liquidation and cheap Asian imports
we did see 0.9% January import price increase officially
that is a good start
but the JapYen fails to rally, so import prices will not continue up to any great degree
if price rises everywhere but wages, then horrendous recession awaits
unclear to me what happens to gold if US$ declines from US recession
what Americans fail to realize is that there is NO GOLD rally in Asia
see the gold price in yen terms
stockcharts.com[h,a]waclyyay[df][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G
and the gold price is comatose in euro terms
stockcharts.com[h,a]waclyyay[df][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G
I am afraid that gold will reflect secular deflation power next,
more so than declining USDollar
if most new money goes to debt which fails, then secular forces take over
who gives a shit if US$ money supply is growing ???
that is a HORRIBLE gold community misread, pathetic
WHERE DOES NEW MONEY GO??? IF TO DEBT, THEN DONT BE SO ENCOURAGED ABOUT GOLD !!!
opinions welcome, but please, no flames
/ jim |
