Something mucked up the equation.
No Trial, No Judge, No Jury
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.