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| RATIOS & INDEXES |
| Gold / Silver | 61.79 |
| Gold / Oil | 14.90 |
| Dowjones / Gold | 10.95 |
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 | Articles related to MF Global |  |
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 | Bron Suchecki - Perth Mint |
 Time to give up on the CFTC  |
| Gene Arensberg has an article out on the COMEX price smash where he concludes that:
"in order for the initial 124 tonne sale to have occurred “legally” it would have had to have been 14 traders, all with zero orders open, all acting simultaneously, all acting independently, in their own self-interest, without colluding with each other to “sell-for-effect” or conspiring to foment a price smash.
In actuality, the chances that there were 14 traders who held zero open orders all acting independFriday, May 24, 2013 |
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 | Jesse - Le Café Américain |
| Monetary Rapture: The Incredible Disappearing Gold Inventories - Ocean Receding |
| Gold is flowing from weaker hands to stronger hands, from speculators to central banks and wealthy investors, the multitudes in China and India, and in general from West to East.
Nick Laird of Sharelynx.com does some incredible work tracking and charting almost every aspect of the gold and silver markets. His site is well worth visiting.
I have included some comments from Nick below that touch on some factors that had not yet occurred to me.
Total Ounces In Warehouse Including Both RegiThursday, May 23, 2013 |
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 | Ranting Andy - Miles Franklin |
| Killer Tax! |
| Read the Tuesday Afternoon Wrap-Up for 5/14/2013 and the Wednesday Morning Commentary for 5/15/2013
In the Bizarro World we live in, the day is ruled – for now – by MONEY PRINTING, MARKET MANIPULATION, and PROPAGANDA. Thus, the gross capital misallocations caused by four decades of central planning are exponentially worsening; care of “record stock prices,” largely ignored by the media and public…
Does a strong market mean a recovering economy?
In other words, the BLARING SIRENS of warning haveWednesday, May 15, 2013 |
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 | Deepcaster |
| Profiting from Coming Crises |
| (The Fed is) "creating massive fraud.in the short term it's great for assets.at some point there's a levitational problem."Nouriel Roubini,CNN Money, April 29, 2013Like it or not, several crises are impending in the next few months. And it is highly likely certain of these are unavoidable.Fortunately, it is possible to prepare to avoid significant damage from most of these and indeed to profit, as we indicate here.Unfortunately, if one fails to prepare for certain of these very soon, it will be Friday, May 03, 2013 |
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 | Bud Conrad - Casey Research |
Physical Gold vs. Paper Gold: The Ultimate Disconnect  |
| How can we explain gold dropping into the $1,300 level in less than a week?
Here are some of the factors:
George Soros cut his fund holdings in the biggest gold ETF by 55% in the fourth quarter of 2012.
He was not alone: the gold holdings of GLD have contracted all year, down about 12.Saturday, April 27, 2013 |
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| Jesse - Le Café Américain |
| How the Gold Market Was Crashed - But Most Importantly, Why? Leveraged Default? And Si |
| Many are still sorting through the data to try and figure out what happened, but it is hard to look at the available data and the market action and conclude that the recent 'flash crash' in gold was anything but a calculated takedown.
Some big players had been trying to work the market price of bullion down in stair step fashion for some time. Their tracks on the tape were big enough to be hard to miss, and any number of people who watch the market structure as it develops were seeing them,Sunday, April 21, 2013 |
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| Jesse - Le Café Américain |
| How the Gold Market Was Crashed - But Most Importantly, Why? - The Cover Up |
| Many of us are still sorting through the data to try and figure out what happened, but there was always little doubt in my mind that the recent 'flash crash' in gold was anything but a calculated takedown.
They had been trying to work the price down in stairstep fashion for quite some time. But it just wasn't enough. The pressures were building, and something had to be done. A plan for a market operation was made, and then executed. The word was quietly spread so the important monied inteThursday, April 18, 2013 |
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| Jesse - Le Café Américain |
| NPR: Congress Quietly 'Overhauls' Law Against Congressional Insider Trading |
| "Small wonder that confidence languishes, for it thrives only on honesty, on honor, on the sacredness of obligations, on faithful protection, on unselfish performance; without them it cannot live."
Franklin D. Roosevelt, First Inaugural Address, March 4, 1933
Who says that the Congress cannot act quickly and in a bipartisan manner in order to pass laws.
As I recall the original reform was called the STOCK (Stop Trading on Congressional Knowledge Act) Act. It was in response to the public outWednesday, April 17, 2013 |
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| Jesse - Le Café Américain |
| Are All G20 Bank Depositors Exposed to a Cyprus Style Seizure of Deposits for a 'Bail-in |
| Dave from Golden Truth has let me know of an interesting quote from an article by Eric Sprott titled Caveat Depositor which *could* explain why countries like New Zealand and Canada are quietly tilting towards seizing bank deposits to recapitalize failed banks.
"If there is a risk in a bank, our first question should be: ‘Ok, what are you the bank going to do about that? What can you do to recapitalise yourself?’ If the bank can’t do it, then we’ll talk to the shareholders and the bondholders.Saturday, April 13, 2013 |
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| Jesse - Le Café Américain |
 Why Go After the Depositors To Save 'the Taxpayers?' |
| One thing that puzzled a couple of people is this.
Why go after depositors, in order to save the 'taxpayers.' Aren't they the same people?
Well, obviously in the case of the European Monetary Union this is not the case. And this is the great weakness of a single currency without more comprehensive provisions for fiscal union that makes it inherently unstable. Wealthy Germans feel no kinship with Cypriots, Greeks, or Spaniards.
But what about New Zealand and Canada, countries that have theWednesday, April 10, 2013 |
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 | David Petch - Treasure Chest |
| The Confidence Game |
| Last night I was staring at a computer screen with numerous bullet points
for this article and was wondering how to weave them together and what to call
it. After sleeping on it, the perfect title for this came to me..."The Confidence
Game". In human psychology, there are many different levels of human emotion
or behaviour, from which other forms of behaviours stem. This might seem like
a pointless exercise, but follow the flow chart below with a background thought
about relating thiWednesday, April 10, 2013 |
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 | James Howard Kunstler |
| That Dreadful Day |
| For the moment, the trend seems pretty clear. Money from far and wide rushes into the US stock markets because every other conceivable place to stash money produces no return, no interest, no increase, at a time when the value of central bank currencies is slip-slidin' somewhere south of Palookaville. The rush into equities gooses equities increasing the rush, goosing the goose. Consider, however, that trends by their nature must last longer than the moment to be trends in the first place. One tMonday, April 08, 2013 |
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| Jesse - Le Café Américain |
| A Message From the Banking and Brokerage ... |
| No comment is necessary for those who understand what this means. And if one does not understand this, no comment is sufficient.
Paper currency is not a 'risk free' asset. To the contrary, it is like walking around with a very large and willfully powerful counterparty with one hand in your pocket.
And in the case of 'digital money' they do not even have to have a hand in your pocket. They hold everything up front, and you have to apply for your money at a window, where they determine howWednesday, March 27, 2013 |
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| Jesse - Le Café Américain |
| With Regard to the Cyprus Bank Deposit Confiscations: Is Nothing Sacred? |
| Customer funds were long considered 'sacred' at brokerage firms, and were segregated from the proprietary operations of the company. And they were stolen at MF Global, and no one has been punished.
Bank deposits, protected by insurance and the guarantees of the government, were long considered 'sacred' at financial institutions. And they are being stolen in Cyprus as a matter of convenience to the crony capitalists in Europe, who are loathe to force the banks to take their losses. And so thSunday, March 24, 2013 |
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 | Egon von Greyerz - Matterhorn AM |
| Get Your Assets out of the Banks – NOW |
| The Cyprus event may later, in the history books, be seen as the catalyst of the fall of a century long Ponzi scheme. This could rank in line with the shot in Sarajevo as the start of WW1 or the collapse of Kreditanstalt in 1931 as the start of the Great Depression.Friday, March 22, 2013 |
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| Egon von Greyerz - Matterhorn AM |
| Cyprus : EverythIng within the banking system has counterparty risk |
| The Cyprus event may later, in the history books, be seen as the catalyst of the fall of a century long Ponzi scheme. This could rank in line with the shot in Sarajevo as the start of WW1 or the collapse of Kreditanstalt in 1931 as the start of the Great Depression.
Isn’t it ironic that exactly 100 years after the creation of the Fed (a private bank created for the benefit of bankers) that the fragile and bankrupt financial system is likely to fall due to the insolvency of a couple of Cypriot banks.Thursday, March 21, 2013 |
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 | Goldmoney |
| Sad Cyprus |
| Pure theft. That’s the description many are giving to the weekend’s news from Cyprus, where bank depositors have had their accounts frozen, with a special 9.9% levy on deposits of over €100,000 and 6.7% on amounts below that. Interest is also being taxed at 20-25%, and the country is being forced by the IMF and EU to raise its 10% corporation tax rate. These measures are designed to raise €5.8 billion as a contribution to a €10bn bailout for the Cypriot government.
Yet again, banks and the govTuesday, March 19, 2013 |
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 | The Gold Report |
| Eric Sprott: Central Bankers Are Gaming Gold |
| The Gold Report: The price of gold has dipped under $1,600/ounce ($1,600/oz); silver is below $30/oz. Is this a case of living by the sword and dying by the sword, where precious metals prices only go up in a bad economy and are doomed to languish when things go well?
Eric Sprott: That is an interesting question because I do not know what it means to go well these days. I see things going from bad to worse economically, and so do many others. Walmart just announced that January 2013 was a lousyTuesday, March 05, 2013 |
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 | Jan Skoyles - The Real Asset Co |
| Five mistakes to avoid with gold investment |
| This last week has seen gold drop below $1,600 and bounce back up again. Discussions of currency wars, negative interest rates and increasing uncertainties in Europe mean many are looking for a safe-haven and are turning to gold investment, particularly whilst the price is so low. In order to help those considering gold investment, myself and Will Bancroft have come up with the top mistakes to avoid with gold.
Whilst we believe gold bullion investment can play a vital role in modern portfolios,Thursday, February 28, 2013 |
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| Jesse - Le Café Américain |
| The New York Fed's Primary Dealers, Liquidity, Monetary Policy, and Excess Reserves in T |
| Someone asked me about Primary Dealers today. I think it was in regard to liquidity concerns.
Cutting to the punchline, however one wishes to characterize and attribute it, the financial system is once again over-leveraged, over-concentrated, fraught with interconnected with counterparty risk, and fragile.
This is because of the policy failure of the Treasury and the Fed which could be characterized as extend and pretend without engaging in significant reforms and law enforcement in the aftSaturday, February 23, 2013 |
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