Michael's Personal Notes

Surprise…surprise… After years of heavy selling, central banks became net buyers of gold in 2010 for the first time in about 20 years. But that’s not the big news... The World Gold Council reports that world central banks made their biggest purchases of gold during the third quarter…

Falling Chinese real estate prices are becoming a big concern…and the after-effect could reach America. Sixty-six million people live in Beijing, Shanghai, Guangzhou and Shenzhen and these four big cities are seeing the price of homes softening. Chinese real estate prices could fall as much as 20% to…