Wednesday, August 15, 2012

Golden Aspirations

Pretty interesting read over at Zero Hedge.  Per filings, during Q2, Soros' firm more than doubled its position in GLD.  Similarly, Paulson's fund added about 25% more exposure to its GLD holdings, bringing total gold exposure for the fund to about 44% (of $21 billion).  Both pretty hefty increases.  Both smart money.  Both betting on higher gold prices.
at
Labels: , ,

Broken Money

The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...

  • In a Nutshell
    In his most recent post , Michael Pettis explains the problem of investment misallocations and too much debt, simply yet brilliantly (his po...
  • Counter Factuals
    I am reading another book right now by economist Richard Koo, innovator of the balance sheet recession concept.  If you remember what his id...
  • Days Like Today
    Are when the contrarian should think about buying.  And so I tried.  Some AUY LEAPS (filled) and a small mining services company that I like...