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July 23, 2010 / Hal (GT)

From Irrational Exuberance to Unusually Uncertain.

This is something you need to go read over at Jim Sincair’s Mineset.

It’s by Greg Hunter and deals with the Fed Chairman Bernanke’s recent testimony.

It’s well worth your time and does involve gold of course which right now has the spot price of $1,189.00 as I type.

Irrational Exuberance to Unusually Uncertain

The Fed Chairman told Congress he is not sure where the economy is going?  This doesn’t sound like “green shoots” or a “recovery” to me.   It sounds like a warning things may take a turn for the worse.  The only consolation is the Fed will “take further policy actions as needed.”  That, to me, sounds like more money printing and bailouts if the economy rolls over, or maybe I should say when the economy rolls over.


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