Jim Rogers on Corrections

Five Percent Corrections In Gold Are Meaningless

These things correct 10-15-20-30% every year. Nothing unusual about that. That is the way the markets work, I do not see anything unusual.

I expect there would be more correction during the course of the bull market. I hope that the bull market goes up, consolidates, goes up, consolidates, goes up and consolidates for years to come. That is my expectation for all commodities. - in businessinsider.com

Update on the MIT inflation tracker

http://www.financialsense.com/contributors/lee-adler/mit-billion-prices-project-reappears

"The U.S. index had recently become increasingly popular in the economic blogosphere. It was thus a growing source of embarrassment for the Fed because it showed much greater inflation across a wide spectrum of goods and services, generally not impacted by energy prices, than the Fed has been willing to admit to.

The Billion Prices Project was showing much stronger inflation before MIT briefly pulled the plug.

The MIT research team behind the BPP briefly posted an announcement on its website last week that they would no longer publish the BPP country indexes, but would publish a world index in its place. It mentioned that they were working on a deal with a partner to resume publication of the country indexes. The announcement said that the country indexes were just too much work (I’m paraphrasing here), and that the team had more important economic research to tend to. This is like a politician quitting to “spend more time with the family.”

Whatever you do....don't say it!!!!

http://bit.ly/hbFjJN

Seems very careful not to use the word GOLD, doesn't he?

Dollar ain't what it used to be...