Friday, June 18, 2010

Economic Prognostication: Where is the Economy Going?


Growth in Gold prices is surprising especially long range. Dollar is only holding because Euro and Yen are weaker, so it isn't a testimony to the absolute strength of the dollar, only the relative strength. That can be seen by the continued strength of gold even after it has quadrupled in value over the not so distant past. Oil may also go up strongly due to all the take down of oil supplies.

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