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Faber Sees Gold In `Buying Range' At $1200-$1250

Faber on BB with the always-excellent Tom Keene this morning to discuss the current political mess.

Maybe it's my Austrian (as in Hayek,Schumpeter) bias but he makes a lot of sense that the problem will be resolved without default- because both parties are addicted to spending. How that money is spent is the source of argument, not how much.