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BlackRock Suspends ETF Issuance Due To “Surging Demand For Gold”

BlackRock Suspends ETF Issuance Due To “Surging Demand For Gold” BlackRock’s Gold ETF (IAU) has seen fund inflows every day in 2016 (no outflows at all) and with the stock trading above its NAV for most of the year, the world’s largest asset manager has made a significant decision: *BLACKROCK SAYS ISSUANCE OF GOLD TRUST […]

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History Repeats

HISTORY REPEATS “The proper behaviour all through the holiday season is to be drunk. This drunkenness culminates on New Year’s Eve, when you get so drunk you kiss the person you’re married to.” – P.J. O’Rourke. On May 29th 1969, Warren Buffett wrote to his partners at the Buffett Partnership, informing them of his intention […]

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The Big Short is a Great Movie, But…

The Big Short is a Great Movie, But…   Paris — Michael Lewis is the chronicler of Wall Street.  He takes the complexity behind which the inhabitants of the financial world hide and weaves a tale that is both understandable and compelling.  Starting with the classic “Liars Poker” (1989), Lewis has produced a number of books about […]

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In Latest Market Rigging Scandal, Wall Street Now Sued For Treasury Market Manipulation

In Latest Market Rigging Scandal, Wall Street Now Sued For Treasury Market Manipulation “Defendants used electronic chatrooms, instant messaging, and other electronic and telephonic methods to exchange confidential customer information, coordinate trading strategies.” “Traders at some of these primary dealers talked with counterparts at other banks via online chatrooms and swapped gossip.” Sound familiar? Those […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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