The Price of Gold Will Acelerate As Public Recognition Increases

The weak dollar drives earnings and stock prices higher.

IBM


Unfortunately, rising earnings and stock prices are an illusion of currency devaluation. Ounces per share defines the real trend and impact of currency devaluation.

IBM to Gold Ratio (Ounces Gold/Share)


Headline: IBM earnings up 10 percent, helped by weak dollar

IBM Corp. on Tuesday reported stronger-than-expected net income and revenue for the first quarter, helped by the weak dollar and strong performance from its hardware division.

The computer and consulting-services company also raised its full-year forecast for operating earnings by 1 percent. However, the stock retreated, possibly in reaction to a decline in new contract signings in the outsourcing business.

Net income rose 10 percent to $2.86 billion, or $2.31 per share. In the year-ago period, IBM earned $2.6 billion, or $1.97 per share.

Source: finance.yahoo.com