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Michael Fowler: The New Strategy for Adding Value to Junior/Midtier Gold (Hint: It’s Not by Making Big M&A Deals)

Michael Fowler: The New Strategy for Adding Value to Junior/Midtier Gold (Hint: It’s Not by Making Big M&A Deals)

Source: Brian Sylvester of The Gold Report (1/30/13)

A lackluster U.S. economy is creating a positive environment for gold, according to Michael Fowler, senior mining analyst with Loewen, Ondaatje, McCutcheon Ltd. By calculating ounces-in-the-ground values and assessing for risk, Fowler has concluded that the junior/midtier sector offers the best growth potential. He expects [...]

The turmoil in Europe continues to take its toll on financial services firms, as Credit Suisse’s (CS) appears to be making preparations for big cuts

The banking giant is apparently planning to get rid of up to one third of its directors and 10% – 15% of its managing directors – typically the two most senior job ranks in the banking world – as tighter regulation and weak markets hit the sector hard:

LONDON (Reuters) – Swiss bank Credit Suisse <CSGN.VX> is to cut senior staff in its European investment banking department by up to a [...]

SHOCK: Syrian leader Bashir al-Assad’s wife Asma al-Assad was a former investment banker in London(and New York?). from wiki:

After university, she started work at Deutsche Bank Group in the hedge fund management division with clients in Europe and the East Asia. In 1998, she joined the investment banking division of J.P. Morgan.[7][8]

Hmmm…interesting. I for one did not know that.

 

 She attended King’s College University of London and graduated in 1996 with a bachelor of Science first class honors degree in Computer Science and a Diploma in French Literature. After university, she spent [...]

Temasek says the markets are entering a period of stress in the next 2 years

Bloomberg

Temasek Holdings Pte, Singapore’s state-owned investment company, said it expects the markets to enter a “period of stress” for the next one to two years amid the European debt crisis, adding risks to investments.

European leaders will do “everything necessary” to keep Greece in the 17-nation euro, German Finance Minister Wolfgang Schaeuble said yesterday. Group of Eight leaders on May 19 urged Greece to stay within the euro area as polls [...]

3 hedge-fund traders were convicted Monday on all charges of fraud and conspiracy, in the latest victory for prosecutors cracking down on insider trading in corporate America

A federal jury in Manhattan on Monday found Zvi Goffer and two co-conspirators guilty of insider trading, the latest development in the government’s investigation into insider trading at hedge funds.

Mr. Goffer, his brother Emanuel Goffer and Michael A. Kimelman were convicted of participating in an insider trading scheme that produced more than $20 million in illegal profits.

The case was connected to the prosecution of Raj Rajaratnam, [...]

Why the Wells Fargo CFO Quit and other Pick-A-Pay Games People Play

This story previously appeard on the Stone Street Advisors website.

What, exactly, would cause a highly paid executive to abruptly quit his job? The executive in question is Howard Atkins, former CFO of Wells Fargo (NYSE: WFC). In 2009, Mr. Atkins’ total compensation was $11.6 million. That was up from $4.9 million in 2009 and $5.7 million 2007 – that’s not bad living by any standard.

I believe the Wells does not receive the [...]

Toshiba President Norio Sasaki prepares his company to cope with a dollar crash, where it may even be 70 Yen to the dollar:

TOKYO (Nikkei)–To prepare for a further rise in the yen, Toshiba will build management systems that can withstand circumstances in which the Japanese currency is traded at 70 to the dollar, President Norio Sasaki said Monday.

Norio Sasaki

At the 12th Nikkei Global Management Forum in Tokyo, Sasaki mentioned the use of overseas EMS (electronics manufacturing service) providers and an increase in local procurement as effective ways [...]

America, like all great powers in decline, has become complacent and apathetic with an unjustified sense of entitlement. – Gordon T. Long

That is insufficient argument. Why did all this happen? It was because of fiat money—the Federal Reserve System.

We have two choices, America or the Fed. The Fed has forced the choice. It was one thing when it manipulated the money supply for financial greed and national power; it’s another when the money manipulators decided to take full control of America and change her government into a supra-national [...]

U.S have to cut spendings or default on the debts.

The solution is very simple and straightforward. Just let the debt that is unrepayable DEFAULT and let the holders take the losses whomever they may be. There is no way to “fix” bad debt. The government ALL NEED TO CUT GOVERNMENT SPENDING DRASTICALLY and then pay off what can be paid off with the debt. All of the government NEED TO BE CUT OFF IN THE BOND MARKETS FROM ANY [...]