SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Welcome to Slider's Dugout

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SliderOnTheBlack who wrote (13245)11/7/2008 10:36:07 PM
From: studdog  Read Replies (1) of 50509
 
Slider,
Despite the rise in monetary base, shadow stats shows a precipitous drop in M3 in the last few months. THis suggests the destruction of credit is greater than what the Fed can do to inflate the money supply. Since the gold bugs constantly pointed out the rise in M3 as a justification for gold's rise, it shouldn't be ignored just because it is falling. I'm thinking full on deflation for some time, your third option. . M3 show no sign of turning up. Not good for gold or gold stocks. You could say the stocks have been telling us this for months now.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext