This is commentator Travis:
Dear Market Monetarists,
Could someone please post a chart comparing gold prices to the Nikkei over the past eight months? This represents a huge defeat for those who claim that inflationary policies are enormously dangerous!
Here you go Travis…
George Dorgan (@DorganG)
/ April 16, 2013Some call it the decline of Chinese growth = gold collapse
and the rise of mercantilism = Abeconomics
But many needs their own myopic view on economics.
I prefer it relatively balanced http://snbchf.com/2013/04/old-silver-fundamental-factors-positive-negative/
jpirving
/ April 16, 2013The media seem set on looking fools in this post Great Recession world. A bit silly to think an inflationary policy causes a drop in …gold. More likely household sector developments in Turkey and India and the poor Chinese GDP report. I also find it hard to believe that the Japanese are competing on price much. Seems to me that most of their high margin export goods are quite price-inelastic. I know i’d have been willing to pay a good deal more for my Honda, it it would save me having to drive a GM…
Benjamin Cole
/ April 19, 2013What is gold worth?
That metric is calculated deep in the brain stem, where you find fear, greed and ritualistic genuflection to Au.
But gold looks dead for now