Fara Wave

Hong Kong (Platts)–20Oct2008
Gold futures in Hong Kong relaunched trading on Monday on the back of an increased interest on gold, the Hong Kong Exchange and Clearing (HKEx) said in a statement on Monday.
Gold futures were first introduced to the Hong Kong Futures Exchange in 1980 but trading of the product was suspended in 1998. Gold [...]

This is an interesting ABC video clip: note the financial adviser who hates gold. Could this be because he earns no commission on clients who buy gold? Diversification makes sense - in particular away from bonds whose status as safe haven assets could well come into question as budget deficits mount. Gold is the logical [...]

The headline news on Friday was that the Sage of Omaha had started to buy common stocks for his own personal portfolio (not for Berkshire Hathaway, kindly note). His portfolio was previously 100 per cent in US government bonds.
Buffett has clearly spotted that the bull market for T-bonds is over and is moving his money [...]

As Daniel Gschwend explains on Seekingalpha.com there is a battle going on between the paper market for gold and the real physical stuff:
“So what’s going on in the gold market? Right now, we have a huge wave of paper gold coming into the market and therefore depressing the price of gold. I’m speaking about [...]

What does public ownership, or at least vast government shareholdings mean for the global banking sector? It would be nice to think that this is the end of the global banking crisis.
But since when does state support for a collapsing industry have a happy ending? You generally end up backing a loser and hobbling [...]