Gold’s nominal vs. ‘real’ price – updated

 

Gold’s nominal price worked off the euro hysteria excess for the most part, and its real price (vs. broad commodities) is still healthy and back up against resistance.  A rising real price of gold is of course generally indicative of economic deceleration and bad market stuff.  More and more the indicators are pointing to a shelf life for the great Hope & Greed rally of ’11.

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