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The worst is yet to come: Unemployed Americans should hunker down for more job losses
nydailynews.com — Think the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening. While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially ... (more) The worst is yet to come: Unemployed Americans should ...
Tiny Mauritius Tells US To Shove Its Dollar, Buys 2 Metric Tons Of Gold From IMF At $1,115 An Ounce
Tiny Mauritius Tells US To Shove Its Dollar, Buys 2 Metric Tons Of Gold From IMF At $1,115 An Ounce
zerohedge.com — The latest development in the gold bubble saga, and one which will likely cause the precious metal's price to spike even higher, comes from the tiny island of Mauritius which according to Dow Jones has purchased 2 metric tons of Gold from the IMF ... (more) Tiny Mauritius Tells US To Shove Its Dollar, Buys 2 ...
SocGen On Gold Mania, And Why Gold Is Very, Very Cheap
SocGen On Gold Mania, And Why Gold Is Very, Very Cheap
zerohedge.com — With David Rosenberg discussing gold undervaluation virtually every day in his Gluskin-Sheff missives, it was only a matter of time before the other key currency contrarian, Dylan Grice, chimed in as well. Sure enough, Grice's latest letter will ... (more) SocGen On Gold Mania, And Why Gold Is Very, Very Cheap
John Paulson Making Big New Bet on Gold
online.wsj.com — One of the biggest investors is placing a big new bet on gold. John Paulson, who scored about $20 billion of profits for his hedge fund between 2007 and early 2009 wagering against the housing market and financial companies, is launching a fund ... (more) John Paulson Making Big New Bet on Gold
The Fed is sending gold higher
The Fed is sending gold higher
blogs.reuters.com — Is gold going to $6,300? Dylan Grice, an analyst with Societe Generale, says it’s possible, given the decline in central bank credibility. But investors need to keep one thing in mind: Gold is merely a vehicle to protect the purchasing power of ... (more) The Fed is sending gold higher
Is $6,300 fair value for gold?
blogs.telegraph.co.uk (more) Is $6,300 fair value for gold?
Gold Closing in on 20% Above 200-Day Moving Average
Gold Closing in on 20% Above 200-Day Moving Average
bespokeinvest.typepad.com — Gold's move over the past couple of months has been pretty incredible but not without precedent. As shown in the first chart below, the most recent leg up for gold has put it at 19% above its 200-day moving average. In the second chart, we highlight ... (more) Gold Closing in on 20% Above 200-Day Moving Average
Dec Gross Anything but 01
Dec Gross Anything but 01
pimco.com — I'm not so much concerned about the return on my money as the return of my money. - Will Rogers, 1933 Toothpicked, straw-hatted Will Rogers was a journalists’ dream, combining common sense with a sense of humor that could trump any ... (more) Dec Gross Anything but 01
What if a Recovery Is All in Your Head?
What if a Recovery Is All in Your Head?
nytimes.com — Beyond fiscal stimulus and government bailouts, the economic recovery that appears under way may be based on little more than self-fulfilling prophecy. Consider this possibility: after all these months, people start to think it’s time for the ... (more) What if a Recovery Is All in Your Head?