links for 2010-05-12

Gold hits all-time high as investors seek haven – FT.com / Commodities Traders and coin dealers said buying was exceptionally strong from German and Swiss investors. In Frankfurt, gold sellers said that demand late last week was three to four times normal levels. The spike appears to reflect concerns in Germany about the potential inflationary … Read more

links for 2010-05-10

Bull Market Signaled by Oil Stocks at 19 Times Profit (Update1) – Bloomberg.com The 39 energy producers and equipment makers in the Standard & Poor’s 500 Index have traded at an average 19.1 times earnings in 2010, compared with 17.8 for the index. The last times they had higher valuations in 1994, 1999 and 2002, … Read more

links for 2010-05-09

Bias in SEC's fraud case against Goldman Sachs? – Contrarian Chronicles The players on both sides of the trade that the SEC has targeted knew the risks and knew one side was bound to lose. It's far from the worst sin of this mess. (tags: fraud GoldmanSachs SEC)

links for 2010-05-08

China inflation target may be out of reach: economist | Reuters China stands little chance of hitting the government's target of keeping inflation below 3 percent this year, a senior government economist said on Saturday. (tags: China inflation economy) Capitulation! | The Mess That Greenspan Made Spotted over at The Reformed Broker, one trader happened … Read more