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Fremont is Dead

(Or as close to dead as any parties involved will likely ever admit.)
Fremont General, the fifth largest subprime lender (as of Q2 2006 according to the MBA), has collapsed. They had just announced a postponent to their Q4 2006 earnings reporting a few days ago. This is the highest-level done-deal collapse so […]

Gold Shanghaied!

The Asian flu it appears is not the only malady spreading from the Far East these days, as global markets plunged this week. The rout started in Shanghai. Nothing was spared during the sharp sell-off including precious metals.  As a result, today the FCS issued CASH/SELL signals across the board for the HUI, XAU, GLD and SLV. The […]

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