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When will we see indications that trillions of dollars introduced by the Fed will set off inflation?

*Dow Theory Letters, by Richard Russell, December 10, 2008

“Gold — In the meantime, gold has been moving methodically higher. Have the Bernanke-Paulson machinations finally caught on in the markets? If they have, I said, gold would be the first to know it. Bonds would be a close second (bonds would head down in the face of coming inflation).”

“Russell opinion — We may now be hitting the inflection point that I’ve been talking about. The selling of stocks could be exhausted, the deflation may be on the edge of turning into inflation — today bonds were down, dollar was down, gold up strongly. The Bernanke-Paulson ‘re-inflation’ efforts may finally have halted the fear and deflation syndrome — now the trillions of dollars that have been introduced into the system may be close to setting off inflation. I said that the first hint of the change would be rising gold and declining bonds. We may be there.”

*This information is solely a highlight of the opinion of a third-party publication and is incomplete.  Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.