Distressed investors are a different breed of cat. Like repo men, they do well when everyone else gets hammered.
“We simply just don’t know where these events in China will take us.”
They’re “stored” (Ha!) at HSBC and the New York Fed. That worries Texas.
“If you ain’t cheating, you ain’t trying.”
“Nobody predicted the crash” of iron ore. Ha!
But miracles are rare these days.
The palladium fund will buy from the Russian central bank, hedge funds, and others.
Gold is the most maligned asset, if you listen to the Fed, the ECB, and other central banks. But why? I asked the CEO of Goldbroker.com. Fasten your seatbelt.
The Swiss get to go to the polls and tell their central bank what to do about gold. A yes-vote will send shock waves through the gold market and other central banks.
Gold sentiment is at a historic low.