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Mike Kosares: Oil's drop threatens credit crisis but not gold

Section: Daily Dispatches

2:30p ET Friday, November 28, 2014

Dear Friend of GATA and Gold:

Oil's price decline can't be welcomed by central banks trying to engineer inflation, USAGold's Mike Kosares writes today, and it even threatens to trigger another credit crisis. Kosares writes: "Those who are driving gold down today on the commodities exchanges forget that gold's rise over the last several years (despite its interim downside correction) has been in response to disinflation, not inflation -- and demand remains strong due to concerns about the stability of the financial system itself."

Kosares' commentary is headlined "Quick Take on Oil's Collapse, Gold's Drop, and Worries about an Oil-Driven Credit Collapse" and it's posted at USAGold here:

http://www.usagold.com/cpmforum/2014/11/28/early-take-on-oils-collapse-g...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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