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Central Banks Leasing Gold, seems to come to an end. http://seekingalpha.com/a/afin $GLD $PHYS
Apr 9, 2012
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Zero Hour Debt analysis http://seekingalpha.com/a/8vlb $GLD $SLV
Mar 9, 2012
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Treasuries are a bad deal http://seekingalpha.com/a/8koj $TLT
Feb 29, 2012
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Katchum on The Ultimate Evidence Of A Gold Bottom: George Soros But SLV went down more than GLD. Maybe that's b...
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Stilldazed on The Ultimate Evidence Of A Gold Bottom: George Soros Surprising that if Soros has much GLD that it d...
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winningtrader on Eric Sprott's Bold Predictions On Gold And Silver JP Morgan just announced a huge trading loss in...
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winningtrader on Time To Go Turbo Long Gold I am convinced that gold and silver prices are ...
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GreenWorld BVI on China: Farmers Going Extinct Nice post Katchum. We actually wrote a couple o...
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Posts by Themes
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The Ultimate Evidence Of A Gold Bottom: George Soros
If you don't believe in the bottom in gold yet, then here is the ultimate evidence of gold hitting the bottom.
George Soros, who calls the gold an "ultimate bubble", has quadrupled his SPDR Gold holdings (GLD).
I'd say: let's follow the guru.
Disclosure: I am long GLD, PHYS.
The Rich Of France Are Leaving... For Belgium
I talked about the "Hollande Effect" in a previous article. One of the biggest fears of rich people is the 75% tax on their income once Hollande became president. So what happened the day Hollande became president? A record of 1500 applicants came to Belgium to store their wealth exactly after the French election day, as reported by Dekeyser & Associés. One of those super rich was Gérard Mulliez, boss of Auchan super mart.
This comes to a surprise to me, because Belgium isn't the country with the lowest taxes in Europe..., but rather the highest.
Job Cuts Starting All Over Again
When we had the crash of 2008, we knew that job cuts followed immediately after it. Today, the stock market is rapidly deteriorating with China and India slowing down, American and European banks hitting new lows, European bond yields hitting new highs.
Here are the highlights of the most recent job cuts since 2012 started.
Lufthansa cuts 3500 jobs
HP cuts 30000 jobs
HSBC cuts 3167 UK jobs
Dell set to cuts jobs in the UK
Yahoo cuts 2000 jobs (14%)
Sony cuts 10000 jobs
Credit Suisse could cut 5000 jobs
First Solar cuts 2000 jobs
French banks about to cut thousands of jobs
T-Mobile cuts 1900 jobs
Bank of America cuts 2000 jobs + 400 investment bank jobs
RBS and Lloyds cut 2000 jobs
Allied Irish Banks cuts 2500 jobs
IBM cuts 1790 jobs
Nokia cuts 4000 jobs
American Airlines cuts 13000 jobs
Astrazeneca cuts 7300 jobs
USPS cuts 35000 jobs
PepsiCo cuts 8700 jobs
P&G cuts 5700 jobs
Kraft cuts 1600 jobs
RBS cuts 4800 jobs
Novartis cuts 1960 jobs
NEC cuts 10000 jobs