thanks for that chart Rowingboatmy thoughts are that it fits...

thanks for that chart Rowingboat

my thoughts are that it fits with something new in the gold pond - the correlation of the USD and gold (BOTH are showing strength!)

Mish Shedlock has a good coverage:

http://globaleconomicanalysis.blogspot.com/2009/02/you-cant-fool-gold.html

bottom line is that its not inflation that is driving gold at this time but "extreme credit stress"

game has changed maybe? ...and its not about inflation just yet