Hard hitting global and local news
Less Than Useless: Goldman Sachs Lowers Gold Forecast Following Plunge (Purposely Late?); Downside Risks In the less than useless category, Goldman Sachs lowered its gold price targets by over $200 an ounce following the recent plunge. Goldman now says Gold’s Cycle Seen Turned . The cycle for gold prices, which climbed for 12 straight years, has probably turned as the recovery in the U.S
Read this article: US State Department’s "Syriasly" Campaign Reaches New Level of Absurdity
"Great Rebalancing" Book Review: Two Thumbs Up; Investment Ideas for Unconventional Times With much pleasure, I highly recommend Michael Pettis’ newest book " The Great Rebalancing ". Pettis’ book covers global trade issues with a focus on current events in Asia, Europe, the United States, and the commodity producing nations. Read the book and you will see that much of the "common wisdom" espoused by others on global trade issues is not "wisdom" at all
The Post article titled, " In Syria, new influx of weapons to rebels tilts the battle against Assad ," admits:Â A surge of rebel advances in Syria is being fueled at least in part by an influx of heavy weaponry in a renewed effort by outside powers to arm moderates in the Free Syrian Army, according to Arab and rebel officials. The new armaments, including anti-tank weapons and recoilless rifles, have been sent across the Jordanian border into the province of Daraa in recent weeks to counter the growing influence of Islamist extremist groups in the north of Syria by boosting more moderate groups fighting in the south, the officials say. Despite the rampant extremism in the north, French photographer Olivier Voisin found himself amongst these very militants in the midst of what we are told are waves of "rebel gains." Apparently these "gains" are being made at high costs