Monthly Archives: October 2009

GARTMAN BULLISH ON GOLD

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Dennis Gartman, Editor, The Gartman LetterBloomberg Television InterviewOctober 30, 2009 Bloomberg: We know you’re a reluctant gold bull. Do you have gold bars in your basement? Gartman: I have some coins and we’ll let it go at that. Yeah, I … Continue reading

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Hedge Fund Manager and Legendary Trader, Paul Tudor Jones: “GOLD’S UNDERVALUED. NOW IS GOLD’S TIME”

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SeekingAlpha.comOctober 30, 2009In his latest letter to investors, hedge fund manager and legendary trader Paul Tudor Jones outlines his firm’s thoughts on the topics of equities, bonds, and currencies. Tudor’s letter is one of those ‘must reads’ as his macro … Continue reading

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Gold to Rise to $2,000 Amid ‘Massive’ Inflation, Superfund Says

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By Kim Kyoungwha Oct. 28 (Bloomberg) — Gold may rise to a record $2,000 an ounce in the next three years as investors hedge against “massive” inflation sparked by governments printing money, according to Superfund Financial Singapore Pte’s Aaron Smith. … Continue reading

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BANK CLOSINGS SURPASS 100

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October 23, 2009 Bank closings for the year have surpassed 100 as regulators shut down small banks in Florida and Georgia. The FDIC took over Partners Bank in Naples, Fla. American United Bank in Lawrenceville, Ga., also failed. They boosted … Continue reading

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Watershed Moment for Government Intervention in Private Sector

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October 22, 2009 The U.S. Treasury and the Federal Reserve unveiled a set of curbs and rules for executive compensation at U.S. banks that mark a watershed moment for government intervention in the private sector. The Fed is proposing that … Continue reading

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Gold turns higher as dollar falls to new low vs. euro

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Oct. 21, 2009, 12:45 p.m. EDT By Laura Mandaro & Nick Godt, MarketWatch SAN FRANCISCO (MarketWatch) — Gold futures turned higher Wednesday as the U.S. dollar slid to a fresh 14-month low against the euro, breaching a key psychological level … Continue reading

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Regulators Seize the 99th Bank

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By Stephen GrocerOctober 19, 2009 The number of failed banks this year inch one closer to 100 Friday. Regulators seized San Joaquin Bank, of Bakersfield, Calif., marking the 99th bank to fail this year and the 124th since 2008. San … Continue reading

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Greenlight’s Einhorn Predicted Lehman Brothers’ Fall; Buying Gold

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By Jennifer Ablan and Joseph A. GiannoneMon Oct 19, 2009 5:17pm EDT NEW YORK, Oct 19 (Reuters) – David Einhorn, the hedge fund manager who had warned on Lehman Brothers’ precarious finances, on Monday said he is buying gold and … Continue reading

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MAJOR HEDGE FUND MANAGER BETTING ON CURRENCY COLLAPSE

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NEW YORK (MarketWatch) — Greenlight Capital is betting on the possibility of a major currency collapse and a surge in interest rates, the hedge-fund firm’s manager David Einhorn said Monday, citing ballooning government deficits in some of the world’s most … Continue reading

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Gold edges higher as dollar weakens against euro

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By Moming Zhou, MarketWatch NEW YORK (MarketWatch) — Gold futures rose on Monday, as investors embraced more risk, pressuring the dollar, lifting stocks and helping crude-oil futures test new highs for the year above $79 a barrel. Copper also gained … Continue reading

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