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  • Keith Fitz-Gerald: "I am Buying Gold and I Intend to Buy More if It Goes Down"

    Apple plunged below $400 per share, while gold prices remained well under $1,400 an ounce.

    What's going on in the markets?

    Stuart Varney of Fox Business' "Varney & Co." put that question to Money Morning Chief Investment Strategist Keith Fitz-Gerald Thursday.

    Of Apple, Keith said, "I wouldn't touch it," then ticked off a number of reasons.

    But Keith had a decidedly different take on gold, saying, "I am buying gold and I intend to buy more if it goes down, and I hope I'm smart enough to do it for a long time to come."

    Asked what else he's investing in, Keith said he's "cautiously buying" energy, defense technology and medical technology stocks.

    To hear more from Keith on these topics as well as his view of the massive money-printing in Japan, watch the video below.

  • A Test of Strength for Gold

    When investing in gold, I often say diverse opinions promote critical thinking and a healthy market. I believe elevated groups of buyers and sellers create a competitive tug-of-war in the bid and ask price of the precious metal.

    Last week, we saw the gold bears growling louder and gaining strength, as the world's largest gold-backed ETF, the SPDR Gold Trust, experienced its largest one-day outflows since August 2011.

    The Fear Trade fled the sector following the Federal Reserve's meeting that revealed a growing dissension among some of its members over the central bank's bond-buying program.

    Despite the discord, the Fed is continuing its course to purchase $85 billion of bonds every month and keep interest rates near zero. Ben Bernanke's plan bloating the balance sheet to more than $3 trillion has been keeping the Fear Trade coming back for more metal.

    To continue reading, please click here…

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