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Gold/Mining/Energy : Juniors News!

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From: canucklehead801/9/2012 6:03:33 PM
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Lundin On Gold

Brien Lundin interviewed December 20

By Kevin Michael Grace


Brien Lundin is President and CEO of Jefferson Financial, edits the Gold Newsletter and is the host of the New Orleans Investment Conference.

Q: Precious-metals equities did very poorly in 2011, despite high gold and silver prices. Why?

A: There’s too much systemic risk in the financial markets. One reason is people who expect a high degree of monetary reflation, in other words money printing to work out of the tremendous debt loads in Europe and the USA. The other is the speculative trader betting on any short-term headlines or indications of looser money. That hot money flows in and out and is what helped propel the market to over $1,900 a couple of times on the margin. By the same token, on the declines where money has exited the market, you’ve seen these longer-term investors come in who’ve supported the markets on the downside. Neither segment of the market is willing to put their money into equities or paper gold investments at this time.

Read the rest of this article.
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