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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (48790)	12/19/2012 12:17:25 AM
From: Giordano Bruno	Respond to of 71477

Tip: Jesus is in central China and you'd better hurry before she gets arrested. hosted.ap.org

To: Real Man who wrote (48790)	12/19/2012 8:56:25 AM
From: ggersh	Respond to of 71477

Thread heads everywhere seem to be off a little... Ben's on target though, knocking Rubin, Summers and Al off the cove of Newsweek and going solo. -g-

To: Real Man who wrote (48790)	12/19/2012 5:25:55 PM
From: ggersh	Read Replies (1) \| Respond to of 71477

Paulson had one good trade in his back pocket courtesy of GS Morgan Stanley Redeems Paulson Investments: Explanation For Recent Gold Liquidation?Submitted by Tyler Durden on 12/19/2012 - 15:47 fixed Morgan Stanley In key news that may well be the missing puzzle piece to explain some of the very odd market moves in the past week, we just learned courtesy of CNBC, that Morgan Stanley's Wealth platform unit has finally, after months and months of considerations, pulled the plug on the fund that for the second year in a row is one of the three worst performing in the weekly HSBC report and is now redeeming. That in itself is not unexpected. What however is notable is that MS withdrawing hundreds of millions in feeder capital may well explain why gold has seen such a dramatic dislocation in the past week. Recall that at Paulson & Co, gold is not simply an investment - the bulk of direct gold investments at the once legendary investor are in the form of (largely underperforming) gold mining stocks - but an actual investment class. In other words, instead of being denominated in USD, investors are actually denominated in (paper) gold, with a fixed conversion into GLD at inception. This means that upon liquidation of gold-denominated shares, any gold-denominated shares, he has no choice but to sell GLD, and by virtue of this being the most liquid paper instrument in the PM space, gold. Does the massive gold dislocation in the chart below now make more sense especially since Paulson was aware of MS' intentions days in advance and traded, or in this case liquidated, appropriately)?