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Caesar Bryan continues:


“In Europe, Spain’s banking system needs recapitalizing.  Also, in the last day or two, the Portuguese banks received more money to keep them afloat.  So we are in the middle of a European debt crisis which is ongoing.  The fact that global stock markets have tumbled very recently is just one aspect of the so-called ‘fear trade.’ 


So we continue to see money flowing into government securities as bond yields come down....


Continue reading the Caesar Bryan interview below...




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“We have had this pullback in global equities as investors are deeply troubled regarding corporate profits and economic growth for the remainder of the year.”


Caesar also added this:  “There have been times where gold has been regarded as a ‘risk’ asset, but I think increasingly gold is going to be viewed as a ‘risk-free’ asset.  This will attract more investor attention to gold, and maybe we are in the beginning of that process.


Interestingly enough, gold has perked up a little bit in the last couple of trading sessions.  This has been at a time when bond yields have declined and the US dollar has been firm.  This is an indication that investor psychology may be shifting from gold being just another asset to the ultimate haven.


We have also seen the gold equity prices bounce usefully from the very depressed levels that were seen in early May.  The relationship between gold shares and the gold prices has improved usefully.  We are nowhere near getting back to where we should be, but at least that downward plunge from the end of February to the end of May has been reversed.


I think the big picture going forward is going to be the continued response of the global central banks to the economic data and to the very high debt levels, especially in Europe.   Although the central banks profess their independence, I think they are actually going to become much more active.


This is a trend that has been in place, but it will become more obvious to investors, especially as the ECB increasingly becomes involved in rescuing the banking system in Europe.  This will simply mean that gold should be a strong performer going forward.”


© 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 This material may not be published, broadcast, rewritten, or redistributed.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.


The interviews with Stephen Leeb, Don Coxe ($538 billion BMO), Art Cashin ($612 billion UBS) and Rob Arnott (Oversees $100 billion) are available now.  Also, be sure to listen to this week’s line-up of other KWN interviews which include Newmont CEO Richard O’Brien, John Hathaway and James Turk by CLICKING HERE.


Eric King

KingWorldNews.com

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