Fitzpatrick and his team deserves their reputation. An outstanding report.
I realize for many Sunday is reading/study day so I’ll issue this quickly now and leave the Capsyn comment until a comprehensive ‘capsyn’ report this evening.
Here Fitzpatrick’s latest:
And here the Commerz team’s latest bullion technical analysis issue.
Least we forget, the greatly maligned Paulson fortunes are closely linked to the bullion. He has maintained his allocation even as large institutional investors removed funds in no-confidence vote on the great speculator. Citi group very publicly ‘lost faith’ as did JP Morgan. Both withdraw more than half a billion dollars from his management in 2012/2013. Its been a very personal and painful experience for the great speculator. But I have a feeling we have not heard the last of Paulson.
Rich