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contraction |
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contraction
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Bob Hoye has looked at the real price of gold and he has discovered that during the contraction phase of a major credit cycle, like we are in now, the real price of gold as measured by base metals and silver rises. N>, which ranked near the bottom in both the expansion and contraction phases of the business cycle. The sector would still be in a contraction phase as a reading below 50 indicates but it would mark the fourth straight month of improvement. |
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