Tuesday, October 5, 2010
Japan moves
Central Bank in Japan is doing QE again to try to weaken its currency. The competitive devaluation is intensifying. The Fed is going to do QE II in early Nov. In short term, it is going to inflate both physical assets and financial assets. But in ling run, it is going to end badly. Some bubbles will be inflated and bursted. Gold and precious metals will be benefiting from all these madness. I will buy some IMG today below 18.
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