Pacific Group Latest Hedge Fund Buying Physical Gold - Converting 1/3 Assets...
Today’s AM fix was USD 1,688.00, EUR 1,269.08, and GBP 1063.58 per ounce.Friday’s AM fix was USD 1,690.00, EUR 1,265.82and GBP 1,060.49 per ounce.Gold was up 1.26% for the week and silver was up 4.60%....
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China Imports Record Amount Of Gold In December On Price Drop
Back in December, as always happens every year for the past 3, a margin call driven liquidation wave pushed the price of the gold to multi-month lows, providing merely yet another lowball buying...
View ArticleFrontrunning: March 12
Cardinals head to conclave to elect pope for troubled Church (Reuters)Hyperinflation 'Unthinkable' Even With Bold Easing: Abe (Nikkei)Ryan Plan Revives '12 Election Issues (WSJ)Republicans to unveil...
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Cutting Corporate Welfare Queens Off from the Dole Would be the Best Way to...
Image by William BanzaiIn previous installments, we’ve noted that we could more than offset the need for the “sequestration” budget cuts by doing any one or combination of the following:Ending massive...
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Guest Post: A Colossal (And Temporary) Buying Opportunity
Submitted by Tim Price of Sovereign Man blog,These are certainly days of miracle and wonder. Well, of absurd and extraordinary financial experimentation, at any rate. Last week, for example, saw the...
View ArticleJohn Paulson Loses Over $300 Million On Friday's Gold Tumble
There were many casualties following Friday's 4% gold rout, but none were hurt more than one-time hedge fund idol John Paulson, who according to estimates, lost more than $300 million of his own money...
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Perth Mint Demand Highest Since Lehman Brothers, Refines Coins, Bars During...
Submitted by GoldCorePerth Mint Demand Highest Since Lehman Brothers - Refines Coins, Bars At WeekendGold is slightly lower today after yesterday's consolidation on last week's gains.Premiums continue...
View ArticlePaulson Gold Fund Down 27% In April
Curious who the biggest casualty of last month's forced precious metal take down is? It may very well be John Paulson, who has systematically been blown out of all his concentrated positions in the...
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This and That
Question for Bernanke Two charts from the CBO, then a question. No surprise in this chart. 11m people are in the US illegally. 8.5m are from Mexico or Central America. This one was a surprise:...
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Phil Falcone's Hedge Funding Days Are Over
Moments ago, embattled hedge fund manager Phil Faclone, whose Harbinger Capital seven years ago was more profitable than Federal Reserve Capital Onshore Fund LP, and where every analyst and trader...
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Consumers Snap Up Gold & Silver Jewellery
Today’s AM fix was USD 1,469.50, EUR 1,118.68 and GBP 944.59 per ounce. Yesterday’s AM fix was USD 1,454.00, EUR 1,108.74 and GBP 939.09 per ounce. Cross Currency Table – (Bloomberg)Gold climbed...
View ArticleAre We On The Verge Of Witnessing The Death Of The Paper Gold Scam?
Submitted by Michael Snyder of The Economic Collapse blog,The legal claims on physical gold far exceed the amount of physical gold that the banks actually have by a very, very wide margin. And right...
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The Macro Story as Told by Gold, Copper and Oil
By EconMattersGold’s been on a wild ride. After reaching a peak of $1,920 an ounce in September 2011, gold has tumbled 28% to the current ~$1,380 level forcing John Paulson to take a 47% loss in his...
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And Scene: Paulson Gold Fund Down 65% In 2013
With spot gold prices down 28% year-to-date, it appears John Paulson's Gold Fund has managed to create some epic high-beta losses.In a letter to investors, Paulson explains his fund fell 23% in June,...
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Precious Metals Stocks: The Most Undervalued Asset Class
Russ Winter writes a rebutal to Paul Price's recent article: Gold Mining Shares: Less than Glittering.Precious Metals Stocks: The Most Undervalued Asset ClassBy Russ Winter of Winter ActionablesAn...
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Detroit May File For Bankruptcy Overnight
Presenting default you can believe in, as the largest municipal bankruptcy in US history, involing the one-time iconic "motor city" which now has a population of 700,000 and some $20 billion in...
View ArticleDavid Stockman: Hedge Funds, Prime Brokers, And The Whirligig of Wall Street...
As David Stockman, Reagan's infamous Budget Director, writes in his bestseller, The Great Deformation: The Corruption Of Capitalism In America– "the last thing hedge funds do is hedge." The hedge fund...
View ArticleBoring Overnight Session Redeemed By Latest Japanese Lie; Egypt Death Toll Soars
In a session that has been painfully boring so far (yet which should pick up with CPI, jobless claims, industrial production and the NY Empire Fed on deck, as well as Wal-Mart earnings which will no...
View ArticleFrontrunning: August 15
This won't end well: Islamists call Cairo protest march as Egypt death toll mounts (Reuters)JPMorgan Said to Expect Multiple Fines for Whale Loss (BBG)Ex-bosses at JPMorgan unlikely to face charges in...
View ArticleFrontrunning: August 16
Critics Decry Risks Posed by Link Between China's Banks and Bonds (WSJ)U.S. retailers say uneven recovery keeps consumers cautious (Reuters) - er, what recovery?Easy Credit Dries Up, Choking Growth in...
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