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Strategies & Market Trends : The Ego Forum

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From: ames	3/12/2013 9:47:52 AM
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Daily Pfennig on AU again, drawing on "The 5": <<Then there was this...I frequently pull items from the 5 Min. Forecast to include in the TTWT section. I find 'The 5' a quick easy read which is packed full of great information. Chris Mayer started yesterday's email off with a couple of charts which make a compelling case for buying gold. The first chart illustrated the tremendous growth in Central Bank balance sheets over the past several years. Readers of the Pfennig are certainly aware of just how fast the central banks of Europe, Japan, England, and the US have been adding to the assets on their balance sheets. The second chart plots the price of gold on top of the expansion of the central bank's balance sheets. There is a very obvious correlation, and unless you think the central banks will abruptly stop their quantitative easing, the direction of the price of gold is also pretty obvious. You will be able to view both charts, and read the rest of 'The 5' athttp://5minforecast.agorafinancial.com/behind-golds-next-rebound.

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