Here is an update of some charts I have posted in the past that measure prices on some commodity indices. These measure some aspect of inflation, lack of inflation, or deflation. I do not see anything inflationary for at least six months into the future. Prices of some indices rise into May/June which makes year over year comparisons difficult to find any inflation.
Charts courtesy of Stockcharts.com
The ten year look shows significant inflation only in oil. Gold is up but that, to me, is only a trading vehicle based on people’s perceptions. Steel, chemicals, and food inflation is a better gauge than gold. I show gold to depict the expected inflation by speculators already in the market.
Post Modified: November 17th, 2008 at 7:05 pm
Tags: Gold · Inflation-Deflation4 Comments
4 responses so far ↓
this mkt is nuts….day trading this is like chinese water torchure!…. check out Bidu….she tanked today…open gap at 165….now at 134…. its amazing what a little bad news does to a stock right now….LOL!
This day is like hanging off a cliff, we are going down,,,,,we lost our grip on the upside…..ouchhhhhhh….here we go….
http://www.youtube.com/watch?v=4-lbIfaqm0U
Excellent tune Libby. Thanks.