FreddieBoy

Dubai Default Raises Contagion Concerns

Its deflation stupid !! Dubai is just another example of the de-leveraging going on world wide. Gold will not continue to due well in a world that is short of cash !! Look for a correction and it could be a severe one, down to $850 level by spring. The gold trade is way overcrowed and way too bullish (short term)

Inflation on 'Sale' as Deflation Dominates Markets

I agree with this blog BUT I am not so sure inflation will win out. Japan increased its Government debt to over 150% of GDP in the last decade and the nation is still mired in deflation. We could be headed for the same. No growth, low rates, low inflation for 10 years. There is a lot of secular demographics that could re-inforce this also. I own GLD just in case I'm wrong !