Wednesday links: Pinning hopes on China

Quick roundup of news from around the world wide web

Precious Metals

  • Gold Rises as China’s Pledge to Aid Europe Boosts Commodities (BusinessWeek)
  • Gold Snaps Losing Streak On China Hopes (WSJ)


  • Dow’s Tumble Is Worst in 2012 (WSJ)
  • John Paulson misses on bank stocks, again (CNN)


  • 5 Lessons From the Rise of the BRICs (The Atlantic)
  • Greece says has cleared hurdles to bailout (Reuters)
  • Greece is broken, and can’t be fixed (Felix Salmon)