Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Gold Prices
Gold Price
[Most Recent Quotes from]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« Why Proposals That Italy Should Sell Its Gold Are Ridiculous | Main | Nigel Farage: The Voice of Common Sense »

Professor Lucas Papademos New leader for Greece



Professor Lucas Papademos New leader for Greece, this is an excerpt from his CV:

Vice-President of the European Central Bank

1973 – 1975: Research Assistant and Teaching Fellow, Massachusetts Institute of Technology
1975 – 1977: Lecturer of Economics, Columbia University, New York 
1977 – 1984: Assistant and Associate Professor of Economics, Columbia University, New York 
1980: Senior Economist, Federal Reserve Bank of Boston 
1984 – 1985: Visiting Professor of Economics, Athens School of Economics and Business
since 1988 Professor of Economics, University of Athens 
1985 – 1993 Economic Counsellor (Chief Economist), Bank of Greece 
1993 – 1994: Deputy Governor, Bank of Greece 
1994 – 2002 Governor, Bank of Greece

During his time as Governor of the national bank, Papademos was involved in Greece's transition from the drachma to the euro as its national currency.

After leaving the Bank of Greece in 2002, Papademos became the Vice President to Jean-Claude Trichet at the European Central Bank from 2002 to 2010. In 2010 he left that position to serve as an advisor to Prime Minister George Papandreou.

We can see that he was there when Greece became a member of the Eurozone, adopting the euro as their currency, so why didn't he know that the figures for entry were fudged?

The above resume contains no private sector experience, which leads us to think that this man is another public sector academic dud.

We wont be expecting miracles in the Greece space and are bemused that the markets have risen on this appointment. We wish him every success in his endeavors, however, we will expect nothing in the way of improvements to the economy of Greece.

Expect the volatility to continue.

Regarding We currently have a number of open trades at the moment however, we do not update the charts until the trade is closed and the cash is back in our account. 

Our model portfolio is up 407.38% since inception

An annualized return of 113.83%

Average return per trade of 42.43%

86 closed trades, 83 closed at a profit

Average trade open for 45.85 days



So, the question is: Are you going to make the decision to join us today.

Stay on your toes and have a good one.

Also many thanks to those of you who have already joined us and for the very kind words  that you sent us regarding the service so far, we hope that we can continue to put a smile on your faces.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. Winners of the GoldDrivers Stock Picking Competition 2007  

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our  Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here. 


PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>