Hedge fund managers George Soros and John Paulson continue to hold tons of gold, filings with the Security and Exchange Commission (SEC) show. During the fourth quarter, Soros increased his SPDR Gold Trust share holdings by 0.5% and Paulson made no change to his holdings of the precious metal. SEC Form 13F shows the Soros [...]
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- Username StockPicker
- Member since 2010-01-14 13:14:22
- More about StockPicker Financial markets analyst. Particular interests include resources, precious metals and currencies.
- Number of published article81 articles
Articles published by StockPicker
QE2: Hyperinflation Starts with the World Turning on the U.S.
By Michael Bogan The debate whether the U.S. will experience deflation, inflation or hyperinflation rages on more than ever since the government/media-hyped recovery has turned out to be just that, hype, confirmed in spades with last week’s Fed announcement of further money printing on top of a failed QE1 mission. For now, inflationists appear to [...]
Angelo Mozilo: A Sign of the Worst of Times
Countrywide Financial Corp. co-founder Angelo Mozilo has agreed to pay $67.5 million to avoid trial on charges alleged by the SEC that he committed fraud and insider trading during his tenure as head of Countrywide. As a major player in originating high-risk mortgages (also called sub-prime, liars loans or NINJA loans) Mozilo has been cast [...]
Which way will Stocks go in October? Marc Faber Weighs in
By Michael Bogan Investment guru and author of the Gloom, Boom and Doom report, Marc Faber, says go away in October and November, and come back after the selling reaches “oversold” levels in the coming weeks. Stocks, Faber says, should be bought after the sell off, as he expects a rally from there and through [...]
Post Autumnal Equinox and the Coming “White Swan” Event
Post Autumnal Equinox and the Coming “White Swan” Event In Bryan Appleyard’s article in The Sunday Times in June 2008, he quotes the famed author of the best-selling book The Black Swan, Nassim Taleb, “It’s not a good idea to take a forecast from someone wearing a tie. If possible, tease people who take themselves [...]
FOMC Meeting and Autumnal Equinox Conspire to Make for an Exciting Week
Going into the week ending Friday September 24, traders brace for two significant events: one real and the other steeped in Wall Street folklore. The Federal Open Market Committee (FOMC) meets today, which could end with a “real” and market-moving policy shift at the Fed. And on Thursday September 23 at 03:09 UTC, the East [...]
China leaves Japan Holding the Bag (of Dollars)
Despite anemic yields, China’s central bank has stepped up purchases of Japan government bonds (JGBs) again, after kicking off 2010 with an accelerated purchase plan in Japan’s sovereign debt, according to Andy Lees of UBS. “China has bought USD6bn of JGB’s between January and April, double the previous record for the whole of 2005,” says [...]
HP Hovers Near its 52-week Low. Is it Time to Buy?
Bulls anticipating a world economic recovery must view Hewlett-Packard (NYSE: HPQ) as an incredible bargain opportunity. But where are the bulls? Could it be HP is telling us more about the state of U.S. equities or about HP? It’s not like the company is a micro cap with one supplier that’s about to jump ship, [...]
Market Watch: S&P Nears Resistance, Breakout or Breakdown?
(NYSE: SPY)(NYSE: DIA) From the get-go, the month of September has been kind to stocks, which have climbed 54.85 points (5.23%) during the first seven days of trading in the month–fully recouping August’s dismal performance. Volume this summer was weak, much weaker than normal after taking into account the added dimension of trades made by [...]
Gold Stocks. Is it Time to back up the Truck?
(NYSE: GDX) (NYSE: GLD) Ever since CNBC decided to include the price of gold among the “bug” of major market indexes shown during the programming, it should have been clear, then, the metals were destined to outshine their paper rivals in the years to come. With the price of gold, again, approaching all-time nominal highs [...]