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Showing posts with label gold investment. Show all posts
Showing posts with label gold investment. Show all posts

Sunday, December 12, 2010

Police search Bedfordshire property

A property in the UK is being searched as part of the investigation into the weekend's bombing in Sweden, in which one man died, police have said.

A search warrant was executed at a property in Bedfordshire, under the Terrorism Act 2000, on Sunday night, the Metropolitan Police said. It follows the suspected suicide and car bombing in Stockholm on Saturday. Unconfirmed reports say the man killed by the blast was Taimour Abdulwahab al-Abdaly, 28, who lived in Luton.

No arrests have been made and no hazardous materials were found at the property, Scotland Yard said. The search is expected to resume later on Monday. Several newspapers, Swedish websites and an Islamist forum have named Abdaly, an Iraqi-born Swede, as the attacker.

It is believed he blew himself up after he had tried to set off a car bomb in a busy street. Two people were injured.

BBC security correspondent Gordon Corera says the man suspected of having been the bomber was born in Iraq but moved to Sweden in the 1990s. He is then believed to have moved to the UK in 2001 to live and study in Luton. It is likely the British security services will be investigating how long he spent in the UK and the significance of that time, as well as establishing whether he was connected to other individuals, our correspondent adds.
Abdaly listed himself on Muslim dating website Muslima as a physical therapy graduate from Bedfordshire University.

The Daily Telegraph reports he would have turned 29 on Sunday and that his wife and young children still live in Luton. The paper quotes his neighbours as saying they last saw him two-and-a-half weeks ago.

Tahir Hussain, 33, a taxi driver who lives nearby, told the paper: "I used to see him around often. He didn't say much but seemed nice. I used to see him walking with his kids.

"I was shocked when I heard what happened because I never thought he could do such a thing."

There has been no comment from Bedfordshire University.

A Home Office spokesman said: "We remain in close contact with the Swedish authorities. It would be inappropriate to comment on their ongoing investigation at this time."
The car blew up in a busy shopping street of Drottninggatan at 1700 (1600 GMT) on Saturday and the second blast occurred 10 to 15 minutes later on a street about 300m away, Swedish police said. Witnesses said a man found dead after the second blast had been carrying an explosive device.

Swedish PM Fredrik Reinfeldt said the attacks were unacceptable in Sweden's "open society", which he said was a democracy that respected different cultures. The country's police are investigating a set of e-mails sent shortly before the blasts threatening attacks because Sweden had sent troops to Afghanistan.

Sweden has some 500 soldiers deployed in Afghanistan as part of the international military force.

The e-mails, with MP3 audio files in Swedish and Arabic, were sent to the Swedish security service and the TT news agency.

They called for "mujahideen" - or Islamist fighters - to rise up in Sweden and Europe, promising Swedes would "die like our brothers and sisters".

They also attacked the country for caricatures of the Prophet Muhammad drawn by Swedish artist Lars Vilks.

If confirmed as a suicide bombing, the attack would be the first of its kind in Sweden.

Friday, September 24, 2010

The Billionaire David Tepper's Interview

The Hedge fund managerand The Billionaire David Tepper, who got the highest paid manager in 2009 thanks to his bet on banking stocks at their lows in 2009, is stretching up on stocks.

Two things are going to happen. Either the economy is going to do well- and what assets will do good? Stocks. Bonds won't do so good, gold won't do so good. Or, the economy is not going to pick up and the Fed is going to come in with QE. Then what's going to do well? asks Tepper, pausing for effect Everything. Stocks bonds in the near term gold. Tepper argued that with the Fed indicating that it really wanted inflation, there was no way he could not be more long on equities. Tepper's $12  billion fund Appaloosa Management was more exposed to bonds, but has been trading more money to equities. He did say that until the Fed acts, stocks could face such downside and that he had puts in place to limit his losses.
Click Here for video
Tepper purchased bank stocks at their lows in early 2009, when most of the market was plagued with fear that banks would be nationalized. The fund manager said purchasing financial stocks was an easy call, after the Government put out a paper that said they were going to buy securities and the prices at which they purchased them. Nobody believed them, but Tepper did. Sometimes it is just that easy, he said CNBC.

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