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Gold climbs higher in overnight trading
Kitco ^ | 9 Aug 2011 | None

Posted on 08/09/2011 1:44:58 AM PDT by vikingd00d

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To: CharacterCounts
------Wouldn't The rise in the price of gold is actually the (current and anticipated) devaluation of the currency. be more accurate? -----

I had to think on that, but yes, you are right.

P = Dc + Da

Given the constant rise in the $ value of gold, the average slope of the curve can be taken as current devaluation component. The spike or significant increase in the steepness of the slope might represent the anticipated component.

21 posted on 08/10/2011 7:49:13 AM PDT by bert (K.E. N.P. +12 ....Rats carry plague)
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