Elliott prepares for downturn with new funding round

Financial Times/Ortenca Aliaj and Lindsay Fortado/9-23-2019

“The new capital raising is further indication that Mr Singer is anticipating a market meltdown. The billionaire investor, who has been vocal about complacency in global financial markets, recently predicted that the economy was headed for a significant downturn with risk at an all-time high.”

USAGOLD note:  Singer’s ‘dry powder’ strategy is meant to capitalize on the meltdown he anticipates.

Source: USA gold

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