By Peter Degraaf Apr 23 2009 2:38PM
	www.pdegraaf.com

The Gold Direction Indicator is flashing another buy signal. This indicates that the pull-back that started late February is probably finished. A new rally is about to start.

Some of the monetary inflation that the Obama team is injecting into the system is starting to turn into price inflation.

The stock market rally which had drawn attention and money away from the gold market is running out of steam.

The situation in Pakistan which has been smoldering for months is moving to the front pages, and is causing anxiety in India, where people buy gold bullion when fear mounts.

The loss of trust in the banking system along with the corruption on Wall Street, and the sheer incompetence of the Obama administration (headed by a man who has been put in charge of the largest ‘corporation’ in the world without any experience to run a business), virtually guarantees that the record amount of monetary inflation that is currently being generated will turn into price inflation which will make the problems we saw in the late 1970’s appear to have