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Louis James notes:
*Gold exploration is not going to stop
*Gold more than doubled in the last 5 yrs
*QE3 is good for commodities but if there's no QE3 announcement by Bernanke there will still be other forms of injections because they want to give the appearance that the economy is recovering so they might not call the next injections QE3.
*Gold will not be driven by supply and demand because it's not an industrial metal. Gold is a fear gauge and there are plenty of fear factors left.
*Gold will not go back to precrisis levels anytime soon because investors will not forget that quickly.
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Neal Vanderstelt
Self-Proclaimed Economist
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