He's lucky gold looks to have stabilized. If gold drops 20%, you'll never hear of this guy again until his daughters start showing up in homemade sex videos with members of the Bennington College lacrosse team.
Check how Paulson plays the gold theme. Throught the miners and man they have been bleeding like it's 1999. All that is left is to pray now.
It's quite humbling I would say for governments and policy makers around the world how they are all prety much defenceless against market forces. Which doesnt means they will stop trying. I picked up a nice Martin Armstrong quote recently on the matter: "You cannot force capital to flow to unprofitable regions any more than you can force water to flow up instead of down."
Next year FOMC changes Out: Charles L. Evans, Chicago Richard W. Fisher, Dallas Narayana Kocherlakota, Minneapolis Charles I. Plosser, Philadelphia In: Jeffrey M. Lacker, Richmond Dennis P. Lockhart, Atlanta Sandra Pianalto, Cleveland John C. Williams, San Francisco Lockhart has been a dove lately. Committee will get more dovish