GOLD 0.51% $1,391.7 gold futures

To be fair gold price does have an approximate correlation with...

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    To be fair gold price does have an approximate correlation with inflation.

    The last major run up in gold price 2003 - 2012: inflation fluctuated around 2.3% to 3.2%

    The major rundown from 2012 - 2015 saw inflation drop from 3.2% to 0.1%

    The slow crawl up from 2015 has since inflation slowly creeping up from 0.1% to 2.9%

    One could argue that in the bigger scheme of things the current weakness in gold price will look nothing measured over a year or two. Perhaps this is little more that a washout before the next run up similar to 2003 -2012

    I've absolutely no idea, just conversation, nevertheless I do see some similarities with that previous period.
 
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