Money Metals Lands Exclusive Interview with Former “Plunge Protection Team” Member Pippa Malmgren

from Money Metals Coming up we’ll hear from Dr. Pippa Malmgren, former Special Assistant to the President of the United States for Economic Policy and former member of the President’s Working Group on Financial Markets. Dr. Malmgren shares her insights on inflation, gold, and the ramifications of government intervention in financial markets. Don’t miss a fascinating and enlightening interview with this former member of the “Plunge Protection Team”– coming up after this week’s market update. Well, Greek intransigence punctuated a strange week of market action. Greece moved closer to the precipice of default by postponing a payment due to the International Monetary Fund. Greek officials will now owe the IMF 1.5 billion euros by end of the month. And they will try to obtain more bailout funds in the meantime. Or exit the Eurozone altogether. Instead of sparking a sell-off in the euro, the currency rallied against the U.S. dollar through Thursday. The dollar index fell, but neither stocks nor hard assets benefited. Commodity prices trended lower, as did precious metals. And instead of serving as a safe haven, bonds headed down, too. There was nowhere for investors to hide this week except, strangely enough, the euro. On Thursday, gold prices retreated to the lower bounds of what had seemed an unbreakable trading range. Gold finished just above support at $1,176 an ounce yesterday, but is off this morning and has now broken below that support. It currently trades at $1,167, down 2% on the week. AUDIO PODCAST HERE>>>

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