With an estimated $1.2bn in customer assets still missing, the clients of MF Global are obviously outraged. Who is to blame for their collapse?
Volatility in precious metals as well as other commodities isn’t going to disappear anytime soon, but for gold, the major trend still points upward.
Markets are dysfunctional because they mirror dysfunctional political systems and political players and dysfunctional monetary policies.
While the U.S. still enjoys its highly coveted AAA rating, phrases like “the clowns in Washington” do not exactly sound encouraging to lenders.