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Gold Prices More Than Double Since Obama Elected President
Confounded Interest ^ | 09/22/2012 | Anthony B. Sanders

Posted on 09/21/2012 8:34:00 AM PDT by whitedog57

From the Netherlands, their house prices continue to deflate. House prices were down -8.0% YoY.

And consumer spending in the Netherlands fell -1.5% YoY.

Beleaguered Spain saw a YoY decline in mortgage lending (mortgage capital loaned) of -27.4%.

Of course, Spanish house prices continue to deflate.

Spain has come out with a new plan by freezing pensions and extending retirement age. I am not sure if that will help with their staggering unemployment rate.

But the good news in that Greek sovereign 10 year yields have fallen below 20% for the first time … since the last time the ECB and friends struck a bailout deal for Greece in March 2012.

Meanwhile, US 10 year Treasury yields rose +1.7 basis points.

So, Europe continues to deflate making ECB’s mission all the more difficult.

But when we compare Spain and Holland’s housing markets to the US, the US looks positively … limping along.

Gold? It has more than doubled since President Obama was elected.

(Excerpt) Read more at confoundedinterest.wordpress.com ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: fed; gold; housing; obama
See the charts. The article is about the continued contraction/deflation of Spanish/Dutch housing and economies. But he shows the relationship between gold, Fed easing and housing. UGLY!!
1 posted on 09/21/2012 8:34:11 AM PDT by whitedog57
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To: whitedog57

yes...and a barrel of oil is 2.5 times what it cost when obozo took office..that’s been the silver lining for me as i moved most of my (as well as my wife and daughters) investments into natural resource funds when that moron was elected...


2 posted on 09/21/2012 8:42:09 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: whitedog57

I think of it as the dollars that I have saved and my salary have lost over half of its value in such a short time. Image what it will be like when gold is $5000 oz and gas is $10 gal.


3 posted on 09/21/2012 10:05:25 AM PDT by pterional
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