Gold has fallen about as much as the U.S. dollar strengthened, as the ratio of SPDR Gold Shares to PowerShares DB U.S. Dollar Bearish (UDN)has been consistent. GLD is up slightly versus CurrencyShares Euro (FXE). The first chart has the SPY versus GLD. In terms of gold, U.S. stocks have pretty much gone nowhere since April.
Is stagflation temporary?
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I have been gazumped by two red-hot inflation reports in two days, even as
growth slows sharply in Australia and the US. First, in Australia,
quarterly d...
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