A scholar and New York Times bestselling author suspects left-wing billionaire George Soros is trying to manipulate the euro as part of his goal of establishing a one-world currency and a one-world government. The London Daily Mail and The Wall Street Journal both recently reported on what is being described as an all-star "ideas dinner" in New York City that was attended by some heavyweight hedge-fund managers, including George Soros. During that dinner, several participants argued that the euro is likely to fall to "parity" or equal on an exchange basis with the dollar.
Euro in Big Hedge Funds’ Crosshairs The Wall Street Journal is not the first to comment on the magnitude of the wagers against the euro (the Financial Times took note nearly two weeks ago: “Speculators raise record bets against euro“). But the Journal offers a spectacle sure to inflame sentiment in Europe: that of major hedge funds feasting first on lemon-roasted chicken and filet mignon and later the euro: During the dinner, hosted by a boutique investment bank at a private townhouse in Manhattan, a small group of all-star hedge-fund managers argued that the euro is likely to fall to...
Why Soros Is Probably Buying Gold Now by: Peter Cooper January 29, 2010 Given the moves by rival hedge fund managers like John Paulson into the yellow metal, it would be surprising if that living trading legend George Soros is not buying gold at the moment. Indeed, you should always buy when this man hints he might be selling. His comments at the World Economic Forum in Davos this week seem classic trader double-speak. What does Soros mean when he says gold is the ‘ultimate bubble’ asset class? False prophets Newspapers like the normally sensible Daily Telegraph fell for his...
Sell Your Gold Only IF You Want To Lose Money! Commodities / Gold & Silver 2009 Dec 12, 2009 - 12:14 PM By: Sean_Brodrick Something about gold just makes people irrational. The latest meme making the rounds in the mainstream media is that gold is a bad investment over the longer term. A couple of radio hosts asked me about it, and even Bloomberg ran a story on this earlier this week, saying that gold can’t beat the returns on a checking account over the last 30 years. The rest of the story was about while hedge fund managers are...
Gold is on track for its best monthly performance in a decade. The money metal reached $1,180 earlier this week, another all-time high. There’s buzz that India, which bought 200 metric tons of gold from the International Monetary Fund earlier this month, might well buy the rest of the 203.3 metric tons the IMF has [...]Mainstream Media Late to the Gold Party originally appeared in the Daily Reckoning. The Daily Reckoning, a FREE daily e-letter, offers a "uniquely refreshing" perspective on the global economy, investing, and today's markets.
Nov. 23, 2009, 11:44 a.m. EST New gold bugs making gold investments mainstream Tudor, Paulson, Greenlight, Hayman bring precious metal in from the fringe By Alistair Barr, MarketWatch SAN FRANCISCO (MarketWatch) -- Gold has long been favored by a fringe of the investment world, but this year some of the world's leading hedge-fund managers have loaded up on the precious metal amid concern government efforts to avoid another Great Depression that could undermine major currencies and fuel rampant inflation. "I have never been a gold bug," Paul Tudor Jones, chairman of hedge-fund giant Tudor Investment Corp., wrote in an Oct....
(SNIP) "......In the wake of last year's run on the modern financial system, hoarding(gold) has come roaring back into fashion in some rarified echelons of the investment community. Some of the world's most-respected hedge fund managers have amassed large gold positions this year to protect against a possible inflation surge and a plunge in paper currencies as governments unleashed an unprecedented series of monetary and fiscal stimuli to avert another Great Depression.
Charges against 14 snared in insider-trading probe make for unusually entertaining reading. The insider-trading case outlined by federal prosecutors in New York Thursday has all the elements of a classic television crime drama: wiretaps, clandestine cash handoffs and people with nicknames like "the Greek" and "octopussy." Authorities say a trader known as "the octopussy" is at the center of the ring, which included other traders, a Moody's Investors Service analyst, and hedge fund managers, and two lawyers, one of whom was a young associate who allegedly passed along tips about private-equity deals being done by his big law firm's clients....
Charges against 14 snared in insider-trading probe make for unusually entertaining reading. The insider-trading case outlined by federal prosecutors in New York Thursday has all the elements of a classic television crime drama: wiretaps, clandestine cash handoffs and people with nicknames like "the Greek" and "octopussy." Authorities say a trader known as "the octopussy" is at the center of the ring, which included other traders, a Moody's Investors Service analyst, and hedge fund managers, and two lawyers, one of whom was a young associate who allegedly passed along tips about private-equity deals being done by his big law firm's clients....
Gold gained yet another powerful ally yesterday — hedge fund icon Paul Tudor Jones. The man who famously called Black Monday in 1987 and the Nikkei crash a few years later now thinks “gold appears to be cheap.” In a note to his investors, Tudor said, “I have never been a gold bug. It is [...]Everyone Loves Gold… Time to Sell? originally appeared in the Daily Reckoning. The Daily Reckoning, a FREE daily e-letter, offers a "uniquely refreshing" perspective on the global economy, investing, and today's markets.
Friday, March 5, 2010
0 Comments