Here are some noteworthy news stories I came across today.
The first is about Hong Kong's Appetite for Gold - which is tripling! http://www.bloomberg.com/news/2011-10-16/hong-kong-starts-trading-bullion-in-yuan-to-tap-triple-demand-.html
Number 2 is from a german newspaper, and is about a potential downgrade of France. A very interesting read. http://www.spiegel.de/international/europe/0,1518,792259,00.html
The third and final story is that Goldman Sachs has posted its third quarterly loss in a time span of twelve years. When a bank of this size and profitability starts posting losses after not posting losses for a very long time, is that writing on the walls? I leave it up to you to decide for yourself. http://www.bloomberg.com/news/2011-10-18/goldman-sachs-posts-third-quarter-loss.html
The first is about Hong Kong's Appetite for Gold - which is tripling! http://www.bloomberg.com/news/2011-10-16/hong-kong-starts-trading-bullion-in-yuan-to-tap-triple-demand-.html
Number 2 is from a german newspaper, and is about a potential downgrade of France. A very interesting read. http://www.spiegel.de/international/europe/0,1518,792259,00.html
The third and final story is that Goldman Sachs has posted its third quarterly loss in a time span of twelve years. When a bank of this size and profitability starts posting losses after not posting losses for a very long time, is that writing on the walls? I leave it up to you to decide for yourself. http://www.bloomberg.com/news/2011-10-18/goldman-sachs-posts-third-quarter-loss.html
