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10:23 PM
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GOLD CARSHING - currently under 1300 - target sub 1000
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 41228153:MV8yMjY4OTc2XzM4NTY5OTY1X0I4Mzc2NTdC] [quote:Anonymous Coward 31403648:MV8yMjY4OTc2XzM4NTY5ODU0X0U1REY2QzE5] Food is as cheap as it ever was. If you live in the US - I have seen your food prices they are as cheap as anywhere in the western world. Food prices have not really risen here in the UK for the past 5 years. Trust me I keep a close watch on this. Australia has seen a massive increase - but only because their resilient mining based economy has protected them somewhat from the GFC. Fuel - linked to oil is different matter. Prices rise due peak oil and the prospect of a global recovery. I am talking about consumer spending - credit etc etc. People cannot spend if they do not have income - if they dont spend prices drop to a point where people will buy goods again . We are not yet at that point. [/quote] Food is cheap? The fuck food is cheap it's climbed over 30% in less than 6 months. [/quote]
Original Message
Gold getting smashed together with larger market.
Prospect of taper and interest rate rises is the catalyst.
It seems that gold bugs never understood that we were in a deflationary environment not inflationary.
The battle against deflation was a battle was trying to fight with QE - and he has lost.
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