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, [...]

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 [...]

Economic Disaster coninues to unfold in Europe

As the financial disaster in Europe continues, the German Chancellor Merkel tells Spain to think again on a bond issue backed by the European Community. Spain’s borrowing costs have sky rocketed and are close to 7%. To put that in perspective that is a historical high! For a sovereign country to pay more than a [...]

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 [...]

Forex after market closed Sunday due to Greece elections

Oanda, which offers ‘after market’ trading will not accept trades this Sunday due to the potential for wild volatility as Greece election results come in. The ‘Forex’ market will open as usual Monday morning.

 

This is huge folks. I can’t remember a single instance of this occurring and I have been in the business [...]

Gold & Silver continue to climb

When you see the world printing more and more paper money you always find more and more people fleeing to hard assets like Gold and Silver. Real estate, thanks to the rascals on Wall Street, is no longer an option as prices continue to fall amid the overhang in supply and foreclosures.

 

Gold and [...]

Financial Meltdown Part 2

This article just in from Jim Sinclair a highly respected metals industry insider, trader and investor. The system broke with the bankruptcy of Lehman and now we are seeing the worst possible scenario with MF Global’s demise. I suggest everyone read this article and prepare themselves!

 

 

 

 

My Dear Extended Family:

 

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Housing Pain Getting Worse

I wish I had better news this Monday morning, but the housing crisis as we all know has not abated and is in fact picking up some steam [...]

Qaddafi fights for oil fields

we are in for escalating oil and gas prices [...]

Now Bahrain

Bahrain protesters take control of main square [...]

S2T-2