Gold Investments Market Update

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The financial and economic news goes from the bad to worse and the Financial Times and Wall Street Journal are not happy reading - particularly this morning.

The credit markets came under renewed strain on Thursday as investors showed heightened risk aversion and even shunned the debt of Federal sponsored housing finance guarantee agencies, Fannie Mae and Freddie Mac.

http://www.research.gold.org/prices/daily/

Carlyle Capital Corporation , a major private equity firm with a $21.7 billion portfolio and an affiliate of private equity firm Carlyle Group , said on Friday it had received substantial additional margin calls and additional default notices from its lender which could deplete its liquidity. It is believed they are overly exposed in the credit derivative market and particularly to Fannie Mae and Freddie Mac.

The "Sage of Omaha" was prescient when he warned of the proliferation of trillions of dollars worth of derivatives as "financial weapons of mass destruction."