Gold Suggests Global Inflation Is Approaching
Source: Seeking Alpha, Thomas MacLeod (10/14/09)
"If Gold breaks above AUD1180, it will mean a 4-month high for gold in Aussie dollars. . ."
We suspect that the breakout above will coincide with the ETF TIP breaking to a multi-week high against the U.S. 10yr.
It is getting increasingly difficult to justify a "deflationary" environment. All the evidence points to the contrary and it's in plain black and white!