“Derivatives at the heart of the crisis, catastrophic losses are inevitable, financial system headed for oblivion, the new world disorder, EU doomed, Credit Default Swaps at the heart of the problem, Plunge Protection Team history, coverups for globalization failures, Bloodbath for the Yen…
The heart of the current crisis is the quadrillion plus derivative market. [...]
In my mind, there is absolutely no reason that gold should still be sitting below $1,000.
Despite volatility that can cause short-term fear (such as that found in recent weeks), there are several reasons why the momentum points to higher prices in gold. I am concluding that we can all but ignore the typical “real [...]
Inflation, Interest Rates and Gold
Gold may be down from its high, but it’s not out.
“It still looks heavy at this point. The downtrend that we are seeing at the moment is probably going to start slowing down soon,” Taso Anastasiou, technical strategist at UBS Investment Bank (UBS), told Reuters.
In fact, gold’s current price could be [...]
NEW YORK (Dow Jones)–Yahoo Inc. (YHOO) shares plunged 21% in premarket trading
Monday, removing about $8.7 billion in market value, as Wall Street resets the
Internet company’s worth after Microsoft Corp. (MSFT) withdrew its acquisition
offer the weekend.
Yahoo’s recent price of $22.60 is nearly 32% below Microsoft’s offer price of $33
a share - which the Sunnyvale, Calif., company [...]
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