Mark Filippino

He even said his conviction signaled a sad day for free speech.

Kay Wiggins is the FT's U.S.

legal correspondent.

She's here to tell us how the Andrew Left case could shake up investing.

Hi, Kay.

Hi, Mark.

So tell me a little bit more about Andrew Left.

What's his deal?

So, Kay, why did prosecutors feel like Left was manipulating his followers?

Now, is it weird for traders and especially short sellers like left to speak publicly about their positions?

I thought that was kind of part of their M.O.

Yeah.

And like I said, left has come out and said that this has become a case against free speech.

And I gather that there are people on Wall Street who agree with them.

Kay Wiggins covers legal affairs in the US.

Thanks so much, Kay.

Gold has leapfrogged U.S.

government bonds to become the world's top reserve asset.

That's according to a European Central Bank report out yesterday.

Central banks have been relentlessly buying the yellow stuff over the past several years, and there are two big reasons for that.