Steve Saville

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Crash Patterns

On the rare occasions when the US stock market crashes, the crash never begins immediately after the price peak.

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Falling Prices Are Natural

The US government usually admits to “price inflation” of about 2%/year. As far as we can tell, the actual rate is probably at least 5%/year, but no more than 7%/year. Let’s say 5%/year for the sake of argument.

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Comparing long-term gold-mining bull markets

The last long-term bull market in gold-mining stocks, which ran from the early-1960s through to 1980, occurred in parallel with a major upward trend in interest rates, a steady undercurrent of “inflation” fear, and the occasional dramatic “inflation” scare.

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Fantasyland for policy-makers

As eventually happens to every dog, over the past three months the world’s policy-making fraternity has been having its day

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Gold versus Industrial Metals

The financial markets have begun 2013 in remarkably similar fashion to how they began 2010, 2011 and 2012.

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The ever-changing yardstick

To illustrate the difficulty of measuring performance in terms of the US dollar, today we are presenting three inflation-adjusted (IA) gold charts.

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The idiotic notion that QE is not inflationary

When someone says that QE (Quantitative Easing) is not inflationary they are probably claiming that it doesn’t bring about an increase in the general price level.

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Money Supply Instability

According to a recent comment by a well-respected analyst, one of the problems with using gold as money is that the supply of gold could experience large swings due to changes in mine production.

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