Though I traced him down via the GATA web page he is not associated with them.
Haha nice work TS....
Do you make your own jewellery? or get a jeweller to make the pieces up?
Also are those diamonds or C.Z's? in between?
With the Aussie dollar approaching its all time highs, as well and the gold oil ratio back around 14-15 I am once again interested in the long term accumulation of shares in Australian gold miners.
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The Australian XGD index having already flashed a buy signal on the daily.
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the sucker rally sure is kicking in now
http://www.newsweek.com/2009/11/09/the-greatest-trade-ever.html
The Greatest Trade Ever
(Excerpt from the article):
His [John Paulson] biggest gains are in '07, which now strikes us as a relatively placid time in the market. But in 2008, he was still bearish on housing and pivots to buying credit-default swaps on the institutions that were peddling subprime mortgages, like Bear Stearns. One of the most interesting passages in the book is where he's at this meeting with Bear Stearns.
...By the end of the lunch everybody else in the room was like, "Wow, John Paulson actually knows what he's talking about, the Bear Stearns guys don't. Instead of bringing my money back to Bear Stearns, I'm going to start shorting that stock." And that to me is a final nail in the coffin.
...He made a brilliant bet shorting subprime. But as the book closes, he's buying gold, which doesn't strike me as a particularly out-of-the-box bet in this climate.
He's very good at synthesizing and making some complex topics very simple. And he's made it into a simple argument: the expanded supply of money and the fiat currency is under pressure, and what's the only thing that holds up when the fiat currency is under pressure? It's gold. You could argue that he hasn't achieved that kind of renown as an intellectual, and I'm not sure he's so focused on it. I think he wants it, but he is fascinated by big trades, and his whole life he has been. It's not about the money—listen, he likes his big homes, trust me—but more importantly he just wants to keep making big trades.
1st Day of spring will do that to gold ! HEYYYYYYYY ........ it's only returning to where it was in July?
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