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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: William JH who wrote (52837)5/16/2000 10:19:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 117321
 
The FIG has been climbing for many months and now stands at an 11 year high. Greenspan considers this much more important than the backward looking and politically manipulated CPI. Obviously Greenspan also does not think gold is telling us anything about inflation anymore.

The interesting thing is that inflationary pressures are building rapidly even in the face of a very strong dollar. Imagine what would happen if the dollar were to take a big hit.