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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 383.12+0.8%Nov 26 4:00 PM EST

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To: Mike M2 who wrote (23063)12/8/2010 11:35:20 AM
From: carranza2  Read Replies (2) of 29622
 
I actually bought the Summers piece but being maths illiterate, I did not understand much of the mathematical stuff. I did, however, get this loud and clear:

Data from recent years indicate that changes in long-term real interest rates are indeed associated with movements in the relative price of gold in the opposite direction and that this effect is a dominant feature of gold price fluctuations.

I also have paid attention to some of Jesse's work, specifically this, in which he details a very strong correlation between POG and the growth of MZM since 2003:

jessescrossroadscafe.blogspot.com
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