Lighthouse Investment Management

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Month: January 2012

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  • Inside Job at the SNB?

    Alexander Gloy

    The official version: “Enormously dedicated” SNB chairman Philipp Hildebrand purchases 500,000 USD days before he devalues the Swiss Franc by 10%. This plain-vanilla spot currency transaction becomes “water cooler” story at Bank Sarasin (which wouldn’t even open accounts below 1 million minimum deposit). An IT employee takes pictures of incriminating documents, briefly weighs the consequences…

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  • Sales of gold and silver coins soaring at the US Mint?

    Alexander Gloy

    An article by Bloomberg “Gold Traders Most Bullish After Bear Market Averted” grabbed my attention; not because of the headline, but what was buried in the text: “The US Mint sold 45,500 ounces of American Eagle gold coins this month, compared with 65,500 ounces in the whole of December and 41,000 in November, its website showed.”…

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  • The 2-product, 2-customer wonder called Australia

    Alexander Gloy

    Australia is the sixth-largest country (2.9m square miles) on earth, just a tad smaller than the contiguous United States (3.1m). They are a little short on people (22.8m), which comes handy, since they dig up their entire country and sell the dirt to China. Australia has a remarkably low government debt-to-GDP ratio (29% ), low unemployment…

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