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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (15945)	11/17/2004 4:09:09 AM
From: zonder	Respond to of 116555

Let me ask you another question: Why do you think gold is above $440? Here is another indicator of market's perception of inflation. And there is no natural buyer a la US treasuries. Would you say that this hot interest in gold has something to do with investors worrying about inflation? Or are you going to say price of gold is climbing because, well, there is lots of demand for jewellery? :-) If oil stays right here will the biggest PPI decrease be significant next month? I don't think there will be a "biggest PPI decrease" next month, wherever oil "stays", so I cannot answer that question.