Credit Suisse stays overnight on gold and says the price can continue to rise as long as the fund rate stays below 2%. (Bloomberg News)
Monday, October 19, 2009
Another Financial Bubble Comes Into View by Bob Chapman
Bob Chapman
The International Forecaster
October 19, 2009
Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms.
The advisers include Gene Sperling, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R. Allen Stanford. Another top aide, Lee Sachs, reported more than $3 million in salary and partnership income from Mariner Investment Group, a New York hedge fund
Read Article >>>>>
The International Forecaster
October 19, 2009
Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms.
The advisers include Gene Sperling, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R. Allen Stanford. Another top aide, Lee Sachs, reported more than $3 million in salary and partnership income from Mariner Investment Group, a New York hedge fund
Read Article >>>>>
Gold at Record Still Below Inflation Adjusted 1980 High Bloomberg
Oct. 19 Golds rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak according to Bloomberg. Despite the fact that gold rose 19 percent this year to a peak of $1,072 an ounce on Oct. 14, consumer prices almost tripled in the past three decades because of inflation , eroding the metals value. (Source: Bloomberg)
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