TODAY'S DISCOVERY, TOMORROW'S FUTURE

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Message: New link

New link

posted on Mar 05, 2008 04:52AM

Hi Group..

I added a new link to our library ..It is called the "Misery Index"..the correlation between gold and all the other extenuating circumstances that effect the gold price..

Very interesting link..Backs up our desire to own KXL the higher the misery index number..

`Misery Index'

The ``misery index,'' a combination of the U.S. jobless rate and inflation, rose to a two-year high of 9.1 in December as energy costs climbed and the Federal Reserve lowered interest rates to avoid a recession. The correlation between higher gold prices and the misery index has risen in recent months, according to a Lehman Brothers Holdings Ltd. report yesterday.

``The combination of inflation and a decelerating economy is much more important to the gold market than inflation or deceleration alone,'' said Michael Widmer, head of metals research at Lehman in London who wrote yesterday's report. ``Deteriorating economic data in recent months really had an impact on the gold price.''

Investor demand is rising even as jewelry usage declines.

 

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