QE3 – And an Overview of the Markets

 

 

On Thursday, the Federal Reserve initiated QE3 and this prompted a big rally in risky assets.  As you know, we were expecting Mr. Bernanke to unleash ‘stimulus’ but even we were taken aback by the extent of the easing.

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Gold, the Dollar, and the Euro - The Bottom Line

 
 Gold Austrian Ducat Coin--An Impressive Symbol of Enduring Wealth

 

One of the points we've made several times over the last year is that traders stuck in an old paradigm are frequently selling gold for the wrong reasons. The most egregious (or just plain silly) example is that gold often drops when the euro drops.

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The Case for Emerging Europe

 Duna and the Danube River, Budapest, Hungary

If history had turned out differently, the USSR would’ve taken home the most Olympic medals this year, as the total awarded to athletes from the area was 163, according to a blog on Foreign Policy’s website. As we all know, the Wall came down, the Soviet Union collapsed, and now Russia has to be content with its third-place position of 82 medals. Athletes from the United States were awarded the most medals (104), followed by participants from China, who took home 88.

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Is a Financial Day of Reckoning Near?

 

It is a deal with the devil: governments churn out more and more cash for the promise of continued prosperity. But the day of reckoning is near, according to Doug Casey, chairman of Casey Research and an expert on crisis investing. As the epic battle between inflation and deflation continues, Casey discusses his predictions for the new world market in this exclusive interview with The Gold Report.

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Big Changes Ahead: Gold Just Became Money Again

Chart forSPDR Gold Shares (GLD)

Gold has been moving powerfully higher over the last 5 trading days. It's a dynamic breakout, and the only question short-term is whether it has moved up too far too fast. Some kind of small retracing of the current leap upward would be considered normal...but something big is changing and happening before our eyes.
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