Best of the Web 11/19: Paulson Letter, Wall Street Can't Control Itself, Ken Griffin Rebounds, $6300 Gold?

StreetInsider.com Best of the Web:

• Hedge fund guru John Paulson's letter to investors on third quarter performance. Paulson's comments in the letter that Bank of America (NYSE: BAC) could still double made the rounds yesterday. The firm also said their 5 gold mining position have upside potential in a flat gold price environment, but would rise even more in a higher price environment. (NYSE: AU), Gabriel Resources, Gold Fields (NYSE: GFI) and Kinross Gold (NYSE: KGC).



• Morgan Stanley's (NYSE: MS) outgoing CEO John Mack welcomes the increased regulation by the Fed. Mack said "They test our models. They question everything we do... I love it." On Wall Street self-regulation Mack said, "We cannot control ourselves."



• Citadel's Ken Griffin tries to erase the memory of a horrible 2008 as he seeks to launch four new funds and expand in investment banking.�



• With central banks hoarding bullion (NYSE: GLD) again, could gold see another parabolic spike like it did in the 1970s? If the price levels of gold matches the US dollar monetary base like it did then, it would have to reach $6,300 and ounce.

You May Also Be Interested In

• VICI Properties closes $1.75B senior unsecured notes offering
• Silence Therapeutics closes $201M public offering of ADSs
• After-Hours Movers: P, RIOT, BW, RKLB, HIMS, UPWK