Yeah, apparently, these charges against Goldman Sachs are so serious that investors are unloading ANYTHING that has “gold” in the name. Gold futures took a nosedive on Friday, continue down again today: Announced on Friday, the Securities and Exchange Commission action against Goldman Sachs hit major benchmarks around the globe, with Asian stocks falling early [...]
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Cerberus – the private equity firm named after that three-headed dog that guarded the gates of Hell, because Steve Feinberg thought it was “a good idea at the time” – arguably got the short end of the stick in the massive auto industry bailout, losing their equity stake in Chrysler and pretty much having to [...]
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A little afternoon fun in honor of the drop today in OJ futures – seems like FL’s crops will escape the worst of the cold snap. The epic scene from the end of 1983′s Trading Places: Orange juice futures contracts retreated Thursday after much of Florida avoided a potentially devastating freeze overnight. Orange juice contracts [...]
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From Facebook – Nouriel Roubini: if you want protection against inflation risk stock up on Spam that you can at least eat rather than Gold that has no intrinsic value or use For the full story, see roubini.com (if you have access) – Roubini is launching his rechristening of the RGE Monitor with a bang, [...]
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In a recession, the only biznezz is srs biznezz, sometimes. And seriously, taking your gold to one of those middlebrow house parties where someone gives you cash for it and then the hostess tries to show you a Pampered Chef catalog isn’t going to cut it when the yellow metal is pushing $1200 an ounce. [...]
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