Shock and Awe Awaits Global Markets

October 10, 2006 -

On September 13^th, I wrote this entry “Gold has increased volatility these days because of all the morons that run hedge funds that pump and dump commodities such as gold. Recently I’ve already read of numerous hedge funds that were forced to close due to millions of dollars they have lost for investors based on their speculative bets. Prior to the Gold ETF coming into existence just a couple of years ago in the U.S., it was difficult for hedge funds to speculate on gold in huge positions. Unfortunately, now it is not. And unfortunately, gold, already a traditionally volatile asset, has become more volatile because of this.”

Just this week, Jon Nadler, a gold analyst at Kitco.com, confirmed my beliefs Read more …

2 comments October 10th, 2006

Looking a Little Bit Smarter

October 10, 2006

On September 25th, I wrote a blog titled, “I’m Not Looking So Smart…Yet”. I added the “Yet” because I knew that both the events I was predicting despite media reports much to the contrary, would happen. I just wasn’t sure they would happen in the six weeks I had predicted them to happen (which would give me to the end of October given that I predicted these events on Septemeber 14). The two events were a Read more …

Add comment October 10th, 2006