That's just another gold-eagle article full of rubbish, SP......

That's just another gold-eagle article full of rubbish, SP... lots of emotional language, irrelevant examples, no timeframes.

Contrast with these brilliant snd detailed analyses by Mike Shedlock explaining the current deflationary state in America (Warning: more than 5 minute attention span required)

Note oil is down tonight, USD higher but $US gold is up. These trends are to be expected in a post-bubble deflationary contraction. Great for gold stock profitability, with the HUI/XAU also higher right now.

http://globaleconomicanalysis.blogspot.com/2010/07/are-we-trending-towards-deflation-or-in.html

http://globaleconomicanalysis.blogspot.com/2010/08/contained-depression.html

Rowingboat