The Rout Is On!

Friday, August 5, 2011, 6:00 AM
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On Thursday, August 4th, the stock and commodity markets took a turn for the worse, the dollar and US bonds went up, and gold held firm.

This pattern is exactly what we have been expecting around here since early March. It still has quite a ways to run, and I remain convinced that it will result in a third round of quantitative easing (QE III).

I laid out this general thesis for what is now occurring in my report, The Coming Rout:


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