"Whether through exuberant hedgies or anxious private investors, gold just keeps pushing higher..." So speculative betting on gold going higher now equals a record-busting 752-tonne position in Comex futures and options, yet this is not a bubble according to Michael Pento of Deltaga. Let's say otherwise. Let's say that gold prices, surging ...read more

Satyajit Das’s book, Traders, Guns & Money, opens with a great anecdote about a meeting with an Indonesian noodle company. The noodle men were “Indonesians of Chinese extraction,” Das writes. “They were part of the infamous ‘bamboo network’ of ethnic Chinese business interests that crisscrossed South East Asia.” The noodle ...read more

My colleague Byron King wrote to you about the allure of private equity in his recent two-part series, "Energy and Private Equity." He describes how quite a few companies are weary of the mounting costs of listing their shares on public exchanges -- Wall Street's short-term focus being among the ...read more