Another Brick in the Wall: the GDP, Gold and Silver 5 comments
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Real-time Inflation Indicator (per annum): 8.0%
The value of the goods and services cranked out in the United States - the nation's gross domestic product [GDP] - decreased at an annual rate of 0.5% in the third quarter of 2008. Preliminary estimates made last month called for a 0.3% downturn after real GDP increased 2.8% in the second quarter.
Consumers continue to wield a strong influence upon the U.S. economy as most of the weakness in GDP was traced to a downturn in personal consumption expenditure [PCE]. In the third quarter, PCE tumbled 3.7% after rising 1.2% in the second quarter.
On the industrial side, recession concerns are being seen reflected in precious metals' prices. Because gold has limited industrial utility, price spikes in the yellow metal imply upticks in investment demand - often in response to economic worries. Silver is used in more manufacturing applications and is a better bellwether of industrial activity.
Gold's price has appreciated 4% since mid-August, while silver's declined 22%. So, economic worry index up, industrial expectations down.
The impact of the dollar can be factored out by measuring the metals' trends against crude oil. In terms of oil, gold has appreciated at twice the rate of silver since summer.

All this is throwing great doubt into my Christmas shopping. Just how much are those "five golden rings" gonna set me back this year? And will Tiffany take payment in crude?
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Lets get us a different govt like Huck Finn said he wanted!!!
Cept now the impotent states are all the same wussies controlled from DC
The Austrians were right before WW1 they saw coming, and have been right ever since. Keynes like Marx are lying bastards - both responsible for most all war deaths of the late 19th and whole 20th century. Especially Stalin's incredible genocides against his own countrymen.
Govt produces nothing. Gives naught to nobody not first stolen from others. Is the worlds single largest consumer and waster of natl resources.
Screw this CFR/NWO/Intl Banking/MICC cabal that JFK & IKE warned us about the perils of.
Ditto on Shadowstats !!
I look at the figures coming from Comex, as the amount of Physical Silver now leaving the warehose, will that help the Price of Silver? Or will these Banks & the FED come up with some other new Rule to keep the real price from giving us our Day in the Sun?
With Obama cabinet now looking more like the Clintons ,I dont think thing will be any better for investers in PMs. Who knows,what to expect from the many that put loads of money into getting him elected! But those that are playing in the paper PM market,I hope you know when to get out!
The MD said gold is gonna double to $2000 coz of hyperinflation.
www.youtube.com/watch?...