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Wednesday, February 15, 2012

Alan Butler : Backdoor QE3 already started

Alan Butler: Korelin Economics Report 2/4/2012 : Quantitative easing 3 already started says Alan Butler , If you follow the money the FED is borrowing Americans money to Greece and other European banks , the European banks are making money that they do not deserve thanks to the recent swap with the FED , this is a backdoor QE3 operation and the media is keeping silent about it

James Turk : Gold still Underowned & Undervalued

GoldSeek Radio's Chris Waltzek talks to JAMES TURK - Feb 2, 2012 James Turk, founder of the GoldMoney Foundation talks about the recent correction in the price of gold from all time nominal highs of 1.923$ per troy ounce and discusses the implications. He points out that there hasn't been a 20% drop in the price of gold since 2008. James explains that these periodic liquidations are a normal part of gold's bull market. He then talks about the fundamentals and discusses gold's safe haven status. He talks about how gold suffers in a liquidity event because of the rush to cash and the need to realize profit, while outperforming all other assets. James Turk recommends seeing gold as a form of savings and accumulating while its undervalued, since the trend will go much higher, rather than attempting to trade it. He also discusses Lehman, Greece, Dexia and other significant market events.


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