Interest rates??

Year of 2 halves
US is worse than expected, bond prices down, stock market does better
commodities worse, Far East worse

In second half inflation greater again, gold saoring




11 Dec 2006
Yes should be strong, but low interest rates keep it weaker, at the lower end of normal.

4 December 2006
NG in double figures for 2008


[JP Morgan Indian Investment Trust
Saudi Stock Market]

20 November 2006
Higher bond yields associated with higher gold prices.

Is that why Hendry thinks that Gold and other commodities still morelikely to go down.
Then another wave of inflation after this?

13 November
Sees considerable intermediate downside risk in commodities

9 January 2006
Chesapeake - now under $29 - worth monitoring

16 January 2006
Central Banks no problem with deflation, fear inflation expectations

13 February 2006
The much longer and far more complete answer can be found in Frank Shostak's article at http://www.mises.org/story/918The bottom line is that consumption can only be financed by production -- either the current or past production of the consumer or, in the case of a credit transaction, the current or past production of the creditor.

gold will be hit during the INITIAL phase of a general downturn in stocks and commodities. However, once the Fed panics and begins to overtly promote inflation it is very likely that counter-cyclical gold will begin to move up strongly while the cyclical markets continue to trend lower.

20th February 2006
Natural gas moving up H2 2007

posted by Dil at 8:59 AM