Ira Sohn

Ray Dalio Goes Dr. Doom: "When The Next Downturn Comes, It’s Going To Be Bad"

"we fear that whatever the magnitude of the downturn that eventually comes, whenever it eventually comes, it will likely produce much greater social and political conflict than currently exists.  The idea of conflicts getting even worse in a downturn is scary.  When the next downturn comes, it’s probably going to be bad."

Gundlach: "The VIX Is Insanely Low"

"I think the VIX is insanely low. Anytime the VIX is below 10, if you could actually buy it, you should. But people can't buy the VIX. A regular Joe can't go long the VIX."

Bill Ackman's Full Howard Hughes Presentation

In light of Ackman's recent investing track record, there has been some debate what is more surprising: that Ackman is again unable to come up with an original investment, or that the stock actually jumped, rising as much as 4.8% on the Ackman reco.

SEC Charges Hedge Fund Icon Leon Cooperman With Insider Trading

When it rains - for hedge fund managers, it pours - If it's not lack of alpha, it's insider trading. Moments ago, the SEC charged iconic hedge fund manager, Omega Advisors' Leon Cooperman with insider trading, accusing him of generating substantial illicit profits by purchasing securities in Atlas Pipeline Partners (APL) in advance of the sale of its natural gas processing facility in Elk City, Oklahoma.

Greenspan Warns A Crisis Is Imminent, Urges A Return To The Gold Standard

"We're dealing now in very early days a crisis which has got a way to go.  If we went back on the gold standard and we adhered to the actual structure of the gold standard as it exited prior to 1913, we'd be fine.  Remember that the period 1870 to 1913 was one of the most aggressive periods economically that we've had in the United States, and that was a golden period of the gold standard."

Heretical Thoughts And Doing The Unthinkable

According to the “social contract theory,” we all have our roles and responsibilities. As citizens, we have a duty to inform ourselves, pay our taxes, rat out our neighbors, vote, volunteer for military service, get frisked by the TSA... and let ourselves get robbed and bullied by every jackass in a position of power. Our leaders have responsibilities, too. They are supposed to respect the constitution, except when it is inconvenient for them. Our “leaders” – aka the Deep State – can change the terms any time they want. What kind of contract is it where one party can change the deal and the other can’t? And where the other party was never given the opportunity to negotiate it, or even approve it? It’s not a contract at all. It’s just part of the mythology of modern democracy.

For Stan Druckenmiller This Is "The Endgame" - His Full 'Apocalyptic' Presentation

"The lack of progress and volatility in global equity markets the past year, which often precedes a major trend change, suggests that their risk/reward is negative without substantially lower prices and/or structural reform. Don’t hold your breath for the latter. While policymakers have no end game, markets do."

- Stanley Druckenmiller

"It Has Been A While Since We’ve Had A Profitable Quarter To Report" - Einhorn's First Quarter Letter

"It has been a while since we’ve had a profitable quarter to report. Though we would like to make it a habit, trying to manage for quarterly  results is really not our philosophy. We think one of our advantages is the ability to be more patient than others, especially as investment horizons appear to be getting shorter.... the Fed’s “data dependency” doesn’t appear to relate to employment, which continues to improve, or core inflation, which is now running above its 2% target. We believe the increasingly adventurous monetary policy is bullish for gold."

GoldCore's picture

The “smart money” and by that we mean the more informed, aware and prudent investors and institutions internationally continue to have an allocation to gold and or add to existing allocations. The less informed continue to not understand or disparage gold and focus almost solely on gold’s short term price action rather than gold’s long term attributes as a hedging instrument and a safe haven asset.