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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: TobagoJack who wrote (36329)6/30/2008 8:56:16 AM
From: Haim R. Branisteanu  Read Replies (5) of 217602
 
TJ, I am not following gold as I can not understand the reason of it's movements.

Once it was an inflation indicator but not anymore - if by the old (15 to 20 years ago) indicators gold should be more than double - but it is not!!

I think the CB's where able to eliminate this inflation barometer and now it is a mixture of inflation and free cash spending ability of the middle class on jewelry

With an recession on the horizon after the Olympics I do not see a lot of sizzle in gold but I can be dead wrong

What makes me wonder that even with the huge credit crisis gold barely moved in % points – so this is why I am skeptical on gold it should be well over $1,600 by the old standard of anticipated inflation and anticipated political turmoil.

Just draw a 20 year chart of gold/ corn or gold / oil or gold /coal or gold / copper
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