Monday, May 27, 2013

Mexico's Second Richest Man - Ricardo Salinas

I just learnt something interesting. Hugo Salinas Price's (guest on Keiser Report and occassional contributor to this blog) son is Ricardo Salinas, Mexico's second richest man, and 34th richest in the world. Ricardo's bio

Australian Trade Minister Criticizes Japan over Currency War

Gold Bets Reach Five-Year Low With Prices Whipsawed


Article link

Hedge funds are the least bullish on gold in more than five years as speculation about the pace of money printing by central banks whipsawed prices, driving volatility to a 17-month high.

Money managers cut their net-long position by 9 percent to 35,686 futures and options as of May 21, the lowest since July 2007, U.S. Commodity Futures Trading Commission data show. Holdings of short contracts rose 6.7 percent to a record 79,416. Net-bullish wagers across 18 U.S.-traded commodities slid 2.1 percent, as investors became more bearish on coffee and wheat.

Gold’s 60-day historical volatility touched the highest since December 2011 last week and a gauge of price swings for the SPDR Gold Trust, the biggest bullion-backed exchange-traded fund, surged 73 percent this year. Bullion see-sawed as Federal Reserve Chairman Ben S. Bernanke testified before Congress on May 22

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Ronald Stöferle still trusts gold

From GoldMoneyNews

Inside Story Americas - Are US banks untouchable?

From AlJazeeraEnglish

Jim Grant on Gold and the Fed

Jim Grant discusses the sins of the Fed, the US economy and gold. Listen to the KWN interview here

This Week in Money with David Smith, Mike Swanson and Ben Rabidoux

From MoneyandWealth

FX and Gold Outlook

From forex's Kathleen Brooks to get her take on why USDJPY and gold are the ones to watch as we start a new week.