Thursday, January 20, 2011

Gold vs. All Commodities (PPI)

Click to enlarge.

It sure looks like a bubble to me.

Source Data:
USGS: Historical Mineral Prices
Kitco: Gold
St. Louis Fed: PPI: All Commodities


mab said...


It sure looks like a bubble to me.

I think it's a perverse variation of Say's Law - when it comes to asset valuation, price creates it's own demand. I'll call it Lemming's Law.


Mish is a zealot. He no doubt would have been shilling for gold back during the late 70s & early 80s bubble.

Stagflationary Mark said...


I posted these charts on the SLV board and for the most part I had a pleasant interaction with those who disagreed with me.

And then there was this.

Re: Gold and Silver Bubbles

It's right out of Candy Mountain. Shun the non-believer! Hahaha! :)

remy said...

Very nice read! thanks Mark

Stagflationary Mark said...


Very nice read? I wrote one sentence of commentary.

Hint taken. Hahaha! :)