How did your correlation theory (what school of economics did you go to?) work with the last 18months with inflation (almost deflation) and the rise of gold to $2k US per ounce??
There is a general tendency for interest rates and the rate of inflation to have an inverse relationship. ... In general, when interest rates are low, the economy grows and inflation increases. Conversely, when interest rates are high, the economy slows and inflation decreases.
With reference to gold (the supposed safe haven) I believe your comments are incorrect. Gold would respond when there is hyperinflation when economies are in trouble but not with a steady slow increase as is happening atm due to massive amounts of printing money and fed bank monetary policy. The US is predicting 6.5% GDP and slower global growth elsewhere, but growth nevertheless will not encourage the POG to go higher.
Btw this stock is a joke. Dividends to give directors a pay rise while they watch a stagnant sp waffle for 2 years!! Cant wait to get to 4.3c (if ever) and get out!!
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