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Wednesday, July 20, 2011

John Taylor on Bloomberg and $1,900 gold

John Taylor head of FX Concepts was on Bloomberg earlier today talking about his belief that we will have a risk rally in which gold will rally to $1,900 per troy ounce and other risk assets will inflate as well. He then thinks we will fall into a recession worse than 2008. This echoes to a degree what a Ray Dalio at Bridgewater has said in that 2012 or maybe 2013 will be hard times. Enjoy:

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