Mainstream investment pundits have been talking trash about gold failing its super currency or money of last resort test. Really? Then why has gold been a five-bagger relative to the S&P 500 since the Greenspan bubble burst in August 2000?
Imagine you're running a hedge fund that has accumulated more than 200 special situation securities. This is what your portfolio might look like after a global credit crisis has rumbled through your corner of the market.
U.S. airlines are presenting a united front in calling for action against "speculation" in the oil market, and blaming it as the cause for high prices. Where were the airlines when speculators drove oil to $9/barrel?