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	<title>Value Restoration Project</title>
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	<link>http://www.valuerestorationproject.com</link>
	<description>Following Ongoing Bull Markets and Those Not Yet Born</description>
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		<title>Where Are the Bears? Evidence vs. Anecdotes in Assessing Market Sentiment Over a Full Market Cycle</title>
		<link>http://www.valuerestorationproject.com/2013/05/where-are-the-bears-evidence-vs-anecdotes-in-assessing-market-sentiment-over-a-full-market-cycle/</link>
		<comments>http://www.valuerestorationproject.com/2013/05/where-are-the-bears-evidence-vs-anecdotes-in-assessing-market-sentiment-over-a-full-market-cycle/#comments</comments>
		<pubDate>Thu, 16 May 2013 16:25:36 +0000</pubDate>
		<dc:creator>JJ Abodeely</dc:creator>
				<category><![CDATA[Investment Philosophy]]></category>
		<category><![CDATA[Secular Cycles]]></category>

		<guid isPermaLink="false">http://www.valuerestorationproject.com/?p=1129</guid>
		<description><![CDATA[Imagine the stock market as a national park with just three kinds of animals: bulls, bears, and pigs. The saying &#8220;bulls make money, bears make money, pigs get slaughtered&#8221; conveys the idea that one can be bullish or bearish and be successful depending on the market environment, whereas greedy pigs are almost always set up [...]]]></description>
		<wfw:commentRss>http://www.valuerestorationproject.com/2013/05/where-are-the-bears-evidence-vs-anecdotes-in-assessing-market-sentiment-over-a-full-market-cycle/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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		<item>
		<title>Gold Miners- Back in the Abyss- An Update</title>
		<link>http://www.valuerestorationproject.com/2013/02/gold-miners-back-in-the-abyss-an-update/</link>
		<comments>http://www.valuerestorationproject.com/2013/02/gold-miners-back-in-the-abyss-an-update/#comments</comments>
		<pubDate>Thu, 21 Feb 2013 05:11:41 +0000</pubDate>
		<dc:creator>JJ Abodeely</dc:creator>
				<category><![CDATA[Real Assets]]></category>

		<guid isPermaLink="false">http://www.valuerestorationproject.com/?p=1061</guid>
		<description><![CDATA[Back on May 18th, 2012 I wrote a piece titled Jumping Into The Abyss: A Bull Case for Gold Mining Stocks. The miners had declined 40% from their August 2011 highs and for a variety of fundamental reasons like valuation and the relationship between mining costs and the price of gold and technical reasons, like [...]]]></description>
		<wfw:commentRss>http://www.valuerestorationproject.com/2013/02/gold-miners-back-in-the-abyss-an-update/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>QE n+1 What The Fed Is Really Up To</title>
		<link>http://www.valuerestorationproject.com/2012/09/qe-n1-what-the-fed-is-really-up-to/</link>
		<comments>http://www.valuerestorationproject.com/2012/09/qe-n1-what-the-fed-is-really-up-to/#comments</comments>
		<pubDate>Wed, 19 Sep 2012 05:19:04 +0000</pubDate>
		<dc:creator>JJ Abodeely</dc:creator>
				<category><![CDATA[Real Assets]]></category>
		<category><![CDATA[Risk Management]]></category>
		<category><![CDATA[Secular Cycles]]></category>

		<guid isPermaLink="false">http://www.valuerestorationproject.com/?p=952</guid>
		<description><![CDATA[As I survey the news stories and other analysis on the Fed&#8217;s recent announcement, most fall short of describing what the Fed is really up to. Here is a hint: it&#8217;s not really about employment. It&#8217;s not really about &#8220;price stability&#8221; or really about growth either. The Fed is engaging in QEn+1 (open ended quantitative [...]]]></description>
		<wfw:commentRss>http://www.valuerestorationproject.com/2012/09/qe-n1-what-the-fed-is-really-up-to/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>Jumping Into The Abyss: A Bull Case for Gold Mining Stocks</title>
		<link>http://www.valuerestorationproject.com/2012/05/jumping-into-the-abyss-a-bull-case-for-gold-mining-stocks/</link>
		<comments>http://www.valuerestorationproject.com/2012/05/jumping-into-the-abyss-a-bull-case-for-gold-mining-stocks/#comments</comments>
		<pubDate>Fri, 18 May 2012 22:02:03 +0000</pubDate>
		<dc:creator>JJ Abodeely</dc:creator>
				<category><![CDATA[Investment Strategy]]></category>
		<category><![CDATA[Real Assets]]></category>

		<guid isPermaLink="false">http://www.valuerestorationproject.com/?p=849</guid>
		<description><![CDATA[Gold mining stocks, as measured by the AMEX Gold Bugs Index (HUI), are down nearly 40% from their August 2011 high. Representative ETFs such as GDX and GDXJ as down similar amounts, if not more.  Mining company stock prices look to be falling into the abyss. While buying mining stocks here could certainly look foolish in [...]]]></description>
		<wfw:commentRss>http://www.valuerestorationproject.com/2012/05/jumping-into-the-abyss-a-bull-case-for-gold-mining-stocks/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Book Review: Currency Wars by James Rickards</title>
		<link>http://www.valuerestorationproject.com/2012/02/book-review-currency-wars-by-james-rickards/</link>
		<comments>http://www.valuerestorationproject.com/2012/02/book-review-currency-wars-by-james-rickards/#comments</comments>
		<pubDate>Wed, 15 Feb 2012 22:44:00 +0000</pubDate>
		<dc:creator>JJ Abodeely</dc:creator>
				<category><![CDATA[Book Reviews]]></category>

		<guid isPermaLink="false">http://www.valuerestorationproject.com/?p=790</guid>
		<description><![CDATA[An Honest Look at THE Most Important Thing Facing Investors Over the last few years I&#8217;ve come to realize that understanding currency may be the most important challenge facing investors today. In order to build an informed and comprehensive view on what lies ahead, it is instructive to understand the history of money and currencies. [...]]]></description>
		<wfw:commentRss>http://www.valuerestorationproject.com/2012/02/book-review-currency-wars-by-james-rickards/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Book Review: Exorbitant Privilege by Barry Eichengreen</title>
		<link>http://www.valuerestorationproject.com/2012/02/book-review-exorbitant-privilege-by-barry-eichengreen/</link>
		<comments>http://www.valuerestorationproject.com/2012/02/book-review-exorbitant-privilege-by-barry-eichengreen/#comments</comments>
		<pubDate>Wed, 15 Feb 2012 22:29:34 +0000</pubDate>
		<dc:creator>JJ Abodeely</dc:creator>
				<category><![CDATA[Book Reviews]]></category>

		<guid isPermaLink="false">http://www.valuerestorationproject.com/?p=780</guid>
		<description><![CDATA[Privilege Described, Opportunity Missed Barry Eichengreen does an admirable job of describing the evolution of the global monetary system which has brought the US dollar to its presently tenuous role as the world&#8217;s reserve currency. It seems most people lack the historical perspective necessary to understand the present monetary arrangement and this book is an [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Quality Conundrum</title>
		<link>http://www.valuerestorationproject.com/2011/11/the-quality-conundrum/</link>
		<comments>http://www.valuerestorationproject.com/2011/11/the-quality-conundrum/#comments</comments>
		<pubDate>Mon, 28 Nov 2011 04:47:05 +0000</pubDate>
		<dc:creator>JJ Abodeely</dc:creator>
				<category><![CDATA[Appears on Home Page]]></category>
		<category><![CDATA[Investment Philosophy]]></category>
		<category><![CDATA[Investment Strategy]]></category>
		<category><![CDATA[Secular Cycles]]></category>

		<guid isPermaLink="false">http://www.valuerestorationproject.com/?p=719</guid>
		<description><![CDATA[We are witnessing the end of a remarkable and confounding era for stocks, best described by the “quality conundrum” investors faced for much of the last two years. During that time, the combined outperformance of low-quality stocks alongside  the underperformance of high-quality stocks,  was unprecedented in the last 30 years. Now, we are embarking on [...]]]></description>
		<wfw:commentRss>http://www.valuerestorationproject.com/2011/11/the-quality-conundrum/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Book Review: Saving Capitalism from Short-Termism by Alfred Rappaport</title>
		<link>http://www.valuerestorationproject.com/2011/11/book-review-saving-capitalism-from-short-termism-by-alfred-rappaport/</link>
		<comments>http://www.valuerestorationproject.com/2011/11/book-review-saving-capitalism-from-short-termism-by-alfred-rappaport/#comments</comments>
		<pubDate>Mon, 07 Nov 2011 04:52:59 +0000</pubDate>
		<dc:creator>JJ Abodeely</dc:creator>
				<category><![CDATA[Book Reviews]]></category>

		<guid isPermaLink="false">http://www.valuerestorationproject.com/?p=695</guid>
		<description><![CDATA[Professor Rappaport does a commendable job highlighting the common thread of many of the current deficiencies in our capitalist system: pervasive short-termism. [amazon_link id="0071736360" target="_blank" container="" container_class="" ][/amazon_link]In &#8220;Saving Capitalism from Short-Termism&#8221; the author neatly threads the likely source of short-termism in capitalism today: the principal-agent problem and misaligned incentives. In short, we have become [...]]]></description>
		<wfw:commentRss>http://www.valuerestorationproject.com/2011/11/book-review-saving-capitalism-from-short-termism-by-alfred-rappaport/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>On Market Timing and Whiskey</title>
		<link>http://www.valuerestorationproject.com/2011/10/on-market-timing-and-whiskey/</link>
		<comments>http://www.valuerestorationproject.com/2011/10/on-market-timing-and-whiskey/#comments</comments>
		<pubDate>Wed, 19 Oct 2011 16:44:20 +0000</pubDate>
		<dc:creator>JJ Abodeely</dc:creator>
				<category><![CDATA[Investment Philosophy]]></category>

		<guid isPermaLink="false">http://www.valuerestorationproject.com/?p=681</guid>
		<description><![CDATA[My friends, I had not intended to discuss this controversial subject at this particular time. However, I want you to know that I do not shun controversy. On the contrary, I will take a stand on any issue at any time, regardless of how fraught with controversy it might be. You have asked me how [...]]]></description>
		<wfw:commentRss>http://www.valuerestorationproject.com/2011/10/on-market-timing-and-whiskey/feed/</wfw:commentRss>
		<slash:comments>7</slash:comments>
		</item>
		<item>
		<title>The Handicap of Experienced Investors</title>
		<link>http://www.valuerestorationproject.com/2011/09/the-handicap-of-experienced-investors/</link>
		<comments>http://www.valuerestorationproject.com/2011/09/the-handicap-of-experienced-investors/#comments</comments>
		<pubDate>Mon, 12 Sep 2011 18:27:04 +0000</pubDate>
		<dc:creator>JJ Abodeely</dc:creator>
				<category><![CDATA[Investment Philosophy]]></category>
		<category><![CDATA[Secular Cycles]]></category>

		<guid isPermaLink="false">http://www.valuerestorationproject.com/?p=627</guid>
		<description><![CDATA[The new Buffetts, ex-ante I recently came across a Fortune Magazine article from 1989 titled &#8220;Are These The New Warren Buffetts&#8221;? The article attempted to identify which of the then-current cadre of young money managers might “go on to investing fame and their clients to fortunes.” Of the 12 managers highlighted in the article, 10 were in [...]]]></description>
		<wfw:commentRss>http://www.valuerestorationproject.com/2011/09/the-handicap-of-experienced-investors/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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