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

To: goldsnow who wrote (33623)	5/10/1999 11:09:00 PM
From: Alex	Read Replies (1) \| Respond to of 116790

KANGAS: We'll get to those in a moment. We do have a chart showing the ratio of the yield on the 30-year Treasury bond versus the CRB Index. Tell us the significance of this picture. HAFER: Well, I though it was an interesting chart because you see an eight-year down trend line on this particular chart and the significant break that was made in January of this year and the explosive rise since. KANGAS: That was very impressive breaking of the down trend line, wasn't it? HAFER: It was significant and certainly it's broken through decisively. And what it tells us Paul, is that the era of lower commodity prices and low interest rates or low long bond yields looks like it's over. nightlybusiness.org