Billionaire Money Manager Bets Big on Gold

Billionaire John Paulson has bet big on Gold, raising his firms investment in the metal to 44%. He has been big on gold since 2009 but his luck has not been so hot for the past 2 years with record losses.

 

He is betting that gold will remain a great hedge against currency debasement, [...]

Crisis of Confidence for the Euro

As the can tumbles down the road, we are now hearing that the Euro is showing signs of some deeper issues developing. At first the Euros flowed from the troubled nations to the core now the capital flows are outward, from the Euro to outside currency havens.

 

The Euro has lost 8% against the [...]

Your Money and Risk Today

I have to mirror something one of my best sources in financial, especially gold, markets said last week: How can anyone put their money with a clearing house given todays risks. This was from the mouth of Jim Sinclair, a highly respected voice in the metals and mining markets.

 

After the bankruptcy of MF [...]

Euro Crisis Continues

The demise of our global economy is not an event that will go in a straight line to the bottom. It will be up and down with lots of posturing on behalf of the ‘leaders’ of the ‘developed’ countries.

 

Today is yet another example of this political posturing as the European Central Banker came [...]

Euro Problems not Over

Since my last posting on this subject,not a whole lot has changed. Well, except the fact that this situation is getting worse, as we all knew it would, and the markets are noticing.

 

The stock markets have fallen in 3 of the last 4 days and most of the MSM is placing the blame [...]

Post Greece Vote…what has changed?

We are now a week out from the infamous vote in Greece to decide whether they stayed in the Euro or left. What has changed? To be quite honest, nothing! Our markets continue to be very volatile, including gold and silver. The markets, especially the sovereign debt markets are getting hammered. Spain is on the [...]

Steve Quayle live Friday night 6/15/12

Join Hawk and Steve Quayle for the latest breaking updates on the Euro Zone Crisis and how this could well affect our lives here in the U.S.

Euro Collapse Imminent

With Greece wanting out of the EC and further economic woes hitting all the ‘PIGGS’, some are reporting that the Euro has collapsed, at least unofficially. [...]

Greece Bankruptcy, Money elite’s blackmail

Greek Prime Minister Lucas Papademos began a second round of negotiations with international creditors in Athens to stave off default as political leaders waver on budget measures and unions call their first general strike of the year. [...]

Germany continues to play chicken with Euro

As I have been saying, this game is far from over! Merkel is not buckling under to ‘outside’ pressure and will take this game to the very end! I don’t think the latest Central Bank Actions will do much for the overall health of the financial system, there nor here, in the medium to long [...]

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