A look at the GOR and one is compelled to wonder what ever became of all those herds believing in all those misperceptions? Whatever happened to peak oil? Whatever happened to all the rampaging commodity and resource bull gurus insisting that gold, oil, grains and pork bellies were all part of the same inflation fueled market and that resource companies were the way to protect oneself from the evil inflators? Whatever happened to the huge crowd of casino patrons on the way to commodity riches, geniuses all? Well, they are all impaled on the tip of this chart.'Gold may decline in a deflation episode, but it will decline less than all the positively correlated stuff, thereby adding fuel directly to the bottom lines of the counter-cyclical gold miners.' I might add gold will also be seen as money and a store of value and fiscal sanity. So you know, regardless of corrections going forward - and I can see one over there in the distance - dis be da place ta be. It's a bull market you know.
