Mostly: Classical

[amarksp]

"Pay attention to the yield spread between 30 Year T-Bond and 3-month T-Bill. There has been a staggering change in the spread since June 2004 suggesting the Fed has been fighting inflationary pressures. If the yield ratio turns up and the real rate of interest remains negative, then gold should fly. Conversely, a sideways run on the ratio as real rates turn positive would likely be dangerous for gold and silver."

Weekly

Daily


ECRI FIG/September 2, 2005:
" ECRI's Future Inflation Gauge, which is designed to anticipate cyclical swings in the rate of inflation, rose to 121.1 in August from a upwardly revised 119.7 in July, the research group said. The index's annualized growth rate, which smooths out monthly fluctuations, climbed to 4.1 percent from an upwardly revised 2.3 percent. "The U.S. future inflation gauge is now at a five-year high, suggesting that cyclical inflation pressures in the U.S. are intensifying," said Lakshman Achuthan, managing director for the ECRI. "