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June 29, 2011

Twisted Perspective

Greetings from a cold and breezy night in Bad Homburg, Germany. I am sitting in a perfectly still hotel room listening to the wind rustle through the trees. The sound is actually quite calming, and I hope to make it through this letter before dozing off! As you all know, stocks and gold continued what I believe to be a counter-trend rally today. But lest we get anxious about ...

 

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