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Notes: Flight to hard assets, Felix Zulauf interview, and BP spill

Tuesday's notes, culled from our Twitter stream and our favorite blogs and news sources:

1. Matthew Simmons was interviewed on the Financial Sense Newshour, where he discussed the BP Gulf oil spill disaster with host Jim Puplava. Simmons says the spill
"could be the biggest ecological catastrophe the world's ever had".

2. Here's a weekly chart of BP I posted to Chart.ly this afternoon. Note that today's down move, the biggest 1 day drop in BP since 1992, has brought BP's share price down toward its 2003 & 2009 lows.

3. Richard Russell says the world's wealthy are fleeing fiat currencies, piling their money into hard assets such as gold, silver, gems, art, and beachfront real estate.

4. Bear Mountain Bull wraps up today's market action, and is on the lookout for short setups. Randy also points us to Puru Saxena's piece on the latest bubble-blowing actions of the world's central banks. Be sure to check that out.

5. Eric King interviews investor Felix Zulauf on the European bailouts, gold, and more. Many of you probably know Zulauf from his frequent Barron's Roundtable appearances. Thanks to John at Controlled Greed for pointing out this rare interview.

6. Speaking of which, Controlled Greed also highlights Kevin Duffy's recent talk at the Mises Circle in New York entitled, "Navigating the Financial Markets with an Austrian Compass". Highly recommended.

That's it for now, gang. Enjoy the links, and let us hear your thoughts.

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