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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: Kevin Podsiadlik who wrote (4603)12/3/2008 9:31:11 AM
From: Dale Baker  Read Replies (1) | Respond to of 6370
 
The gold bug hype is endless. At the end of the day, the only firm correlation you will find for gold prices is the US dollar. If/when it dumps again, gold should bump up some.

But the idea that commodities are a hedge now doesn't work at all. We are up to our ears in deflation, which is not gold's friend.