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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: westpacific who wrote (78768)5/6/2008 9:39:56 AM
From: SouthFloridaGuy  Read Replies (2) of 116555
 
West, great post. I don't think we will see true deflation in the classical sense...the type everybody here is bashing Mish about. And if we did, it's too far out to worry about from an investing standpoint. The Fed still has ammunition.

That type of deflation would not be good for gold or commodities, although I believe in a relative sense they would outperform because they are unleveraged assets.

That's why there is a continuous underlying bid for gold, IMO. We will get big runups followed by 20% declines and so on and so forth.

The environment for gold is more bullish today than anytime during the bull market, which in my mind began sometime in 2002 at the time of the downtrend breakout.

Coincidentally that was about the same time global monetary policy went completely insane.
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