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Sunday, November 1 2009  |  01:35 AM EDT  | 
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Paul Tudor Jones: Gold's Undervalued and Bonds Are a Curve Flattener Play

Hedge fund manager and legendary trader Paul Tudor Jones has determined that gold is 20% undervalued over the next 24 months. In his latest letter to investors, Jones notes the extraordinary role of ETFs in the precious metal's ascent, plus the impact of central bank accumulation.
Jones also comments on how he's playing bonds, currencies and equities... read full story >
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Market Currents

  • 31 Oct, 8:04 PM Superb economic summary of October in graphs. (Calculated Risk) 3 Comments
  • 31 Oct, 7:41 PM With $770B of the $1.4T in commercial mortgages maturing in the next five years currently underwater, FDIC revises its rules (.pdf) to allow banks to keep loans on their books as 'performing' even when the underlying properties no longer cover the outlay. 8 Comments
  • 31 Oct, 5:18 PM Royal Bank of Scotland (RBS) has reportedly struck a deal with the U.K. that will enable it to escape the state-backed asset protection scheme within a year. Britain will absolve RBS of paying the £17.5B upfront fee to join the program, and in exchange RBS will take the first £60B of losses on £260-280B of insured assets of vs. a previous £19.5B. Comment!
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Select StockTalks
  • Thomas Pan: 3rd quarter GDP was largely fueled by cash for clunkers program and first time home buyers tax credit, at the cost of lower saving rate.
    about 2 hours ago
  • The EconomicJoker: According to 2 month macd, markets have another down day or two before the zero line, last crossed in July. Next 2 days critical.
    about 2 hours ago
  • Nathaniel C: Just finished reading Marc Faber's Gloom, Boom, and Doom Report. He is bearish on the stock market and commodities and bullish on the dollar
    about 3 hours ago
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