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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (12775)8/11/2011 3:54:00 AM
From: Hawkmoon1 Recommendation  Respond to of 33421
 
The legacy big 3 currencies .. the USD/JPY the EUR/JPY and the EUR/USD are all witnessing huge debasing of the currencies as a USD now buys 1/1800 of an ounce of gold compared to Feb of 2010 when a USD bought 1/1044 of an ounce of gold


John.. It's not just currencies.. Oil, Food, and housing are all deflating against the price of Gold.

In fact, even if your home managed to retain it's value in USD, it's lost nearly 100% of its value in terms of gold over the past several years..

So should we really care where the price of Gold is?.. What I care about is where the price of consumables are vis-a-vis the primary method of payment for those staples..

Cash..

Hawk



To: John Pitera who wrote (12775)9/17/2011 11:30:28 PM
From: pcyhuang  Respond to of 33421
 
Increased Popularity of ETFs Trading