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Caesar Bryan continues:


“Then there was some good follow through (to the upside).  On a longer-run basis, we are sitting on the moving averages and gold is fine.  We are in a bull market.  We’ve suffered a number of nasty corrections since 2001.  I believe we have had about seven corrections of over 20%.  One of 30%, at the time of the Lehman crisis. 


I think there is a tussle between physical buyers and players in the paper market and so far the physical buyers are having a little win today....


Continue reading the Caesar Bryan interview below...




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“Let’s just remind ourselves, taking the long approach, in 1971 when we came off the gold standard, the US dollar/yen rate was 360.  Now it’s 80.  Gold was $35 and now it’s $1,700.  We are in the money printing business in a major way here in the Western world and real assets will remain in a bull market.”


When asked about the European situation, Caesar stated, “Things were looking extraordinarily grim towards the tail end of last year.  They issued 400 billion euros to the banks and then on the 29th of February, the day gold fell sharply, another 533 billion euros.  


So they have put over a trillion dollars into the banking system, which has clearly helped the short-run funding issues.  Some of that has found its way into the bond markets in Italy and Spain where we have had a big rally.  


But the longer-run problems remain in Europe.  Simply put, the Southern periphery of Europe is uncompetitive to the North.  That, in order to be fixed, will entail either a major reflation in Germany, which is not going to happen or major deflation in Southern Europe.  (This deflation in the periphery countries will be) worse, on a bigger scale than the Great Depression.” 


Caesar also added: “Bear in mind how much money is being created.  The ECB has just added $1.3 trillion to their balance sheet in the last six months.  We are optimistic there is quite a bit more to go in this gold bull market.  Most bull markets end in some blowoff fashion or mania.  It’s tough to think this wouldn’t happen in gold.” 


The KWN audio interview with Caesar Bryan is available now and you can listen to it by CLICKING HERE.


To learn more about Caesar Bryan, his management services and the Gabelli Gold Fund CLICK HERE. 


© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


Eric King

KingWorldNews.com

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