Gold gains weak vis a vis Copper, Zinc and Lead.
That gold has been so weak relative to cyclical metals tells us three important things. First, that gold's monetary premium has actually SHRUNK over the past year and is now as low as it was in Q4 2000. Second, that most people believe the commodity rally to have almost everything to do with real economic expansion (the China/India growth story in particular) and almost nothing to do with inflation. Third, that the best part of gold's bull market lies in the future because right now hardly anyone perceives a serious inflation problem.
