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<p>[QUOTE=&quot;Tejas, post: 8465803, member: 84905&quot;]For what its worth, US consumer confidence (as measured by the Conference Board and University of Michigan surveys) has fallen to long-term lows. Sub-components measuring &quot;willingness to make large purchases&quot; are down at rock-bottom levels. The same is true for consumer conficence in Europe. So it would not be too surprising for auction prices to stagnate or decline. Put differently, with the consumer price index rising at an annual rate of more than 8% (food +12%, fuels +16%) that leaves less money to spend on coins.[/QUOTE]</p><p><br /></p>

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