Gold Says Hello Inflation My Old Friend

Gold benefits from inflation because inflation erodes the value of the dollar, but inflation has been nowhere to be found for what seems like forever now. Yet, while examining the day’s market catalysts, I noted something unusual. It was a hint of inflation. Inflation doesn’t have many friends and is the enemy of the stock market, but it has a loyal friend in gold. See my full report on gold and inflation here.

Gold Relative Security	YTD	TTM
SPDR Gold Trust (NYSE: GLD)	+0.2%	-9.4%
iShares Silver Trust (NYSE: SLV)	+8.2%	-15.2%
Market Vectors Gold Miners (NYSE: GDX)	+7.5%	-18.3%
Market Vectors Junior Gold Miners (NYSE: GDXJ)	+3.6%	-9.4%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)	-0.9%	-68.8%
Goldcorp (NYSE: GG)	+6.0%	-18.9%
Newmont Mining (NYSE: NEM)	+19.8%	-2.7%

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