This from Oilngold.com:
After the US reported that CPI contracted +0.1% mom in March, the first negative reading since 1955, Switzerland's PPI also showed further moderation of -0.5% mom and -2.8% yoy during the month while New Zealand has just reported that its 1Q09 CPI eased to 3% yoy from 3.4% in the previous quarter . In the presence of global economic slowdown and sharp deterioration of domestic and overseas demand, it seems that deflation will rule for an extended period of time despite the massive money-injecting plans announced by policymakers worldwide.
I probably should have bought the Gold puts when I saw these numbers for the first time. They have been out for a while now, yet Gold really just started last night. (Being decisive is always a challenge...even after 25 years of trading.)
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