Thursday, August 17, 2006

Inflation.....

Here is a fascinating article showing how China's entry into the gold market has contributed to the metal's rise, and how it might affect it in the future.

According to Inflationdata's forecasts, inflation should dip in September over a year ago because of the inflation caused by hurricane Katrina. It should then jump right back up in October. Based on the accuracy of their past predictions, I think I'll look to buy gold from now until the October inflation numbers come out in November at a six month low (below $550/oz.).

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