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Friday, 08/14/2015 10:36:10 AM

Friday, August 14, 2015 10:36:10 AM

Post# of 63744
Deflation is good for gold miners as in this environment the gold price will hold up much better than industrial commodities and so input costs fall faster than revenues and so margins hold up better as compared to other industries:
http://www.theguardian.com/business/2015/aug/12/chinas-currency-devaluation-could-spark-tidal-wave-of-deflation
>>
Fathom believes China could be willing to let the yuan depreciate by as much as 25% over the next five years – “stone by stone, step by step” – in an attempt to restore the export-led growth that was such a winning formula in the decade running up to the global financial crisis.

“As investors realise yet another recession beckons, without any normalisation of either interest rates or fiscal imbalances in this cycle, expect a financial market rout every bit as large as 2008.”
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