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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2902063, member: 71723&quot;]I gave a talk, with Apple Keynote, not PowerPoint, at the Chicago ANA convention in 2011, at which I proved with data that inflation rates and metals prices, both in synch, and one year out of phase in both directions (to test for their being a leading or trailing variable), are utterly independent variables. Their covariance is virtually ZERO, and that goes as far back as data exists.</p><p><br /></p><p>It showed that the inflation/precious metals narrative is either misinformed or a lie. People believe they&#039;re linked because other people write articles and websites. Problem is - nobody goes back and tests the assertion.[/QUOTE]</p><p><br /></p>

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