“Whatever influence, if any, I have in Washington, I will try to make sure they understand this is extremely damaging to the economy. I think the fourth-quarter results will come in negative. This is as a result of the behavior of Washington.” Oct. 17 (Bloomberg) — Laurence D. Fink, chief executive officer of BlackRock Inc.,…
Faber on gold: “We have a strong rally form the lows at 1180 to over 1400 and now we are backing off. I think between around 1200 and 1250 it is getting into buying range. The sentiment about gold is very negative, but if you look at everything considered – the monetization of debt, the…
Oct. 10 (Bloomberg) — James Rickards, senior managing director at Tangent Capital Partners, discusses the October 17 deadline for the United States breaching the debt ceiling, the options President Barack Obama and Treasury Secretary Jack Lew could try if the government hits that deadline and what a possible 6-week extension could mean for negotiations. He…
By Supunnabul Suwannakij & Chanyaporn Chanjaroen – Sep 25, 2013 YLG Bullion International Co., Thailand’s biggest domestic gold importer, expects to more than double purchases this year after the bear market in prices spurred a surge in demand for physical metal. The company may import as much as 200 metric tons in 2013, from 92 tons last year, Chief Executive Officer Pawan Nawawattanasub…
