Ned Schmidt rejoined the show again. His record on gold and commodities has been pretty remarkable. When Ned speaks I always listen. He says that gold has put in a 4 month base and that the complacency has set in. Once the debt deal is done, traders intend to buy stocks and sell gold. For the next three years, nothing will be done on spending. Washington is the best friend gold ever had. The Chinese have been complaining about the dollar for years. Now they’re getting extremely fed up and last week the Chinese Government said they’re no longer going to accumulate dollar denominated debt. Therefore, silver will be going up as well. We also discuss the agricultural commodities as well.
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