The Trade of the Decade is still buy gold/sell stocks. And the decade isn’t over. If you have US stocks, this is a good time to sell. The Dow went up 63 points yesterday – a weak bounce after several days of losses.
September 7th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "dollar crisis"
The Ghost of Gold at the Central Bank Banquet
Last weekend in Basel, Switzerland, central bankers from the G-10 group of rich nations met up for one of their regular hoe-downs. You can guess the main event in between canapés and champagne – academic chit-chat about interest rates, political pressure and banking supervision. The global financial crisis surely got plenty of air-time, too. After all, Ambac Financial – the giant “monoline” bond insurance group – last week issued and sold $1.5 billion in new shares and convertible bonds.
March 12th, 2008 | Adrian Ash | 0 comments | Continued