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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.31

+0.6%

Nov 7 4:00 PM EST

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To: Haim R. Branisteanu who wrote (36337)	6/30/2008 12:30:27 PM
From: pogohere	Read Replies (2) of 217630

"Once it was an inflation indicator but not anymore" Gold adores deflation, a lower velocity of money (changing hands) and a steepening yield curve. The demise of credit and rising interest rates are a perfect petri dish. Rising prices are the noise in the system, money printing is the signal. So far the printing is taking place overseas, so the monetary base in the US has not been expanded by the Fed, yet, and the foreign CBs have been supplying the money to hold interest rates down. The fluctuations in the price of gold reflect the perception by the powers that be that its price is a tell for the failure of their money-as-debt currency, so the battle forms around the price of gold, with a lot of ammunition at hand. Fasten chin straps, please

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