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Gold : is your only man Gerald Celente

The U.S. jobs data, released on Friday, showed that the U.S. economy had added no jobs at all in August, a hugely disappointing figure that renewed worries that the economy may be heading for a recession.

Wall Street reacted with a decline of 2.2 percent on the Dow Jones industrial average and a 2.5 percent fall on the Standard & Poor’s 500. The benchmark indexes in several leading European markets slumped more than 3 percent Friday.

The stock markets in Asia followed suit on Monday, with falls of more than 2 percent in many leading indexes.

84 dead in Utoya massacre

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