Tag Archives: We Are All In Big Trouble

John Ward – Analysis: If Ukrainian Dislocation Kills Resource Speculation, We Are All In Big Trouble – 24 February 2014

gunspecA lot of money is riding on Venezuela, Greece and Denmark. How smart is that money?

Several Wall Street firms and S&P 500 energy players have been taking positions in Venezuela.

The reason? Gold. Gold in massive amounts as yet largely untapped. And energy, in massive but so far barely surveyed amounts.

However, Venezuela is one of a number of emerging markets now in trouble. There is a run on the currency, a banking crisis, and an imploding economy. Continue reading