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| RATIOS & INDEXES |
| Gold / Silver | 63.24 |
| Gold / Oil | 13.85 |
| Dowjones / Gold | 11.21 |
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 | Articles related to MF Global |  |
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 | Chris Powell - GATA |
| At the CFTC even Gensler is too much for the big banks |
| By Gregory Meyer
Financial Times, London
Tuesday, June 18, 2013
http://www.ft.com/intl/cms/s/0/c7e56bf4-d790-11e2-a26a-00144feab7de.html
In the past month bankers and lawyers from Citigroup, Goldman Sachs, and JPMorgan Chase have streamed into a dark brick Washington office building where the future of finance is being shaped.
The high-powered visitors to the home of the Commodity Futures Trading Commission testify to its rise from an obscure US government agency to a global watchdog of financiaWednesday, June 19, 2013 |
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 | Egon von Greyerz - Matterhorn AM |
PLEASE Get your Assets out of the Banking System  |
| I have pleaded with investors for years to get their assets out of the banking system.
One of the very few men who understands what is happening within the financial system has done the same. Time and time again he is both advising and imploring investors to protect themselves by getting out of the financial system and to own physical gold stored in private vaults in safe jurisdictions. Jim has also advised investors in detail how to achieve direct registration of their precious metals stocks.
PTuesday, June 18, 2013 |
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| Chris Powell - GATA |
| Bitcoin is 'real currency,' CFTC's Chilton tells Yahoo's 'Daily Ticker' |
| Dear Friend of GATA and gold:
U.S. commodity trading regulator Bart Chilton today tells Lauren Lyster of Yahoo's "Daily Ticker" that bitcoin is "real currency" and so has to be taken seriously by the government and regulated if it involves futures contracts or the purchase of contraband. Chilton, a member of the U.S. Commodity Futures Trading Commission, adds that new regulations have given the public a little more protection against getting cheated by operations like MF Global but admits that mMonday, June 17, 2013 |
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 | Jesse - Le Café Américain |
| Max Keiser and Mark O'Byrne Discuss the Gold and Silver Markets |
| "The tyranny of a prince in an oligarchy is not so dangerous to the public welfare as the apathy of the citizens in a democracy."
Montesquieu
I do not see the NSA involvement which Max mentions. It does not seem to be necessary if you have big market principals and insiders involved, able to operate in secret with the acquiescence of the regulatory bodies and exchanges. And if there is a need to obtain more specific information, the industry dominant Bloomberg terminal offer a wealth of inThursday, June 13, 2013 |
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| Dennis Miller - Casey Reseach |
| How to Protect Your Cash in Times of Crisis |
| The large depositors at Cypriot banks are shouldering a heavy burden. You’ll recall what happened back in March when the Eurozone financial wizards forced average citizens to participate in what was called a “bail-in.” It seems downright unfair for depositors with more than 100,000 euros to suffer a levy on up to 60% of their deposits. That’s about $140,000, give or take, at current exchange rates. And if you’re a retiree, having the government swipe $84,000 from your $140,000 account just to baSaturday, June 08, 2013 |
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| Jesse - Le Café Américain |
| Comex Gold Registered Ounces Available Nearing All Time Low - The Risk of Rehypothecation |
| 'What has been will be, what has been done will be done; there is nothing new under the sun.'
Ecclesiastes 1:9
"The commercial world is very frequently put into confusion by the bankruptcy of merchants that assumed the splendour of wealth only to obtain the privilege of trading with the stock of other men, and of contracting debts which nothing but lucky casualties could enable them to pay; till after having supported their appearance a while by tumultuary magnificence of boundless traffic, tThursday, June 06, 2013 |
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 | Goldmoney |
The stage is set for new gold price highs  |
| The price of gold is hovering just under $1.400 per troy ounce as it consolidates well above its April low of $1.321 per ounce which set the bottom and the current support level. The major resistance level is now at $1.550 per ounce, which was the previous high-volume support. The correction, 31% from the high of $1.923 to the low at $1.321, seems to be over and is consistent with previous corrections within the current bull market. Only 2008 saw a larger correction with a drop of 32% (from $1.0Wednesday, June 05, 2013 |
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 | Charleston Voice |
| The Comex Confirms That Its Gold and Silver Inventory Reports Are Fraudulent |
| Tuesday, June 4, 2013
"The information in this report is taken from sources believed to be reliable; however, the Commodity Exchange, Inc. disclaims all liability whatsoever with regard to its accuracy or completeness. This report is produced for information purposes only." - disclaimer now posted on the Comex gold and silver daily warehouse stock report as of Monday, June 3, 2013.
Well now. How would you like to get your bank statement in the mail from JP Morgan or Bank of America and Tuesday, June 04, 2013 |
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| Jesse - Le Café Américain |
 NAV Premiums of Certain Precious Metal Trusts and Funds - Chasing Madoff, Chasing Metals |
| "The dissenter is every human being at those moments of his life when he resigns momentarily from the herd and thinks for himself."
Archibald Macleish
I had the opportunity to watch the documentary Chasing Madoff yesterday.
It is largely about how Harry Markopolos and his two associates discovered the likelihood of fraud in the Madoff fund, and their decade long battle to bring that fraud to light.
I do recommend you see it if you can.
What is most important, what everyone seems to be missMonday, June 03, 2013 |
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| Jesse - Le Café Américain |
 The Longer Term Fundamentals of the Gold Market As They Are Today |
| There should be no doubt in anyone's mind that the fundamentals for world gold supply and demand have changed dramatically over the past ten years at least.
The world's central banks, most significantly in the West, had been selling bullion from their central bank reserves since 1989. The first chart below shows the long decline in the official gold reserves of the central banks through the long bear market from 1979 through 2000, and even in the beginning of the bull market.
There was an exMonday, June 03, 2013 |
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 | Jeffrey Lewis |
| Silver Mining, Sentiment and the Confidence Game |
| In terms of silver’s investment demand, the bullish metric at Sentimenttrader.com is currently at 39 percent. This is a low point that has not been seen since the mid-1990's.Furthermore, The Hulbert Gold Stock Newsletter Index or HGNSI recently fell to a new low of 43.8 percent, which is a record by a longshot. What that low reading indicates is that, of the stock newsletters that include coverage of mining stocks, 43.8 percent of them are now recommending short positions in gold stocks.If theseMonday, May 27, 2013 |
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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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