Fleckenstein - Bernanke Smoking own Dope; Gold Bullish As The Deflation Scare Has Ended

"I strongly believe that what I like to refer to as the, `deflation scare trade' is finished.  As you know, I've never been a big believer in deflation.  Yes, housing prices have collapsed, but that's not deflation.  Deflation is when the cost of living goes down every year, which is the opposite of what we've seen...''