mark lundeen sees gold above us$37,000 , page-18

thanks BB

confirms my thoughts, generally.

I do think however here in australia we will experience substantial inflation (not hyper though) because the type of money printing going on here is being directly injected into the economy.

While the POG in USD may not rise all that significantly, it will do in AUD once the inflationary effects of the stimulus are fully factored in AND the deflationary effects in OS markets subside.

The deflationary forces present in the US and possibly parts of the EU are not likely to be felt directly here in Australia as our growth is fueled by stimulus spending with short to medium term value.

Inflation here in Australia will be noticeable once the stimulus is fully integrated into our economy AND the deflationary pressures overseas have contracted (i.e. growth starts to occur in OS markets causing greater demand for our resources).

POG in AUD to rise as a consequence of AUD falling relative to USD.

GC