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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.

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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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Excessive optimism sows the seeds of its own reversal.
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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