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Friday, November 4, 2011
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.