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With the news that MF Global pledged $400 Million in customers' assets as collateral for a short term loan, paid out bonuses to its execs merely hours prior to its […]
Silver is rebounding nicely after the CRIMEX open smash to $33....these typically occur in 2-3 waves however, so look for the 2nd paper wave to commence shortly. Silver needs to […]
This is what happens when you hold $400 Billion worth of Italian debt. France Govt Oats Btan 10 Yr Oat (GFRN10:IND) Value 3.44 Change 0.244 (7.627%) Open 3.17 High 3.45 […]
A little humor for your morning regarding the MF Global contagion that is threatening to take down Jefferies and Company thanks to massive bad Greek/Italian debt. Jefferies Brokerage 11/1/11 Jefferies […]
The Federal Reserve's Reverse Repos have suddenly gone parabolic in the past week. It might be just about time to panic. Got phyzz? Chart Courtesy Wall Street Examiner
The failure of the Eurozone and the European monetary union looks increasingly likely. This has incredible political, economic and monetary implications for the world and could lead to shockwaves akin […]
Let's get this straight. Not only did MF Global make off with $700 million in customer assets, pay themselves hefty bonuses merely hours before the firm's bankruptcy, but we have […]
Futures on Rick Perry Receiving GOP Nomination Tumble After Perry Can't Remember His Own PlanNovember 10, 2011
During tonight's GOP Economic Debate, Rick Perry informed the audience he would cut 3 federal agencies immediately upon becoming president. The Dept of Commerce, the Dept of Education, and....and..... and.....I'll […]
Corzine tries to outrun his fleeced customers? Not only did MF Global execs apparently pledge $700 million in clients' assets (including $80 million in physical gold and silver) in order […]
Time to Bend Over Mr. Dimon: Jefferson County Files Largest Ever Chapter 9 BankruptcyNovember 9, 2011
The Birmingham News has Tweeted that Jefferson County has filed for bankruptcy. Jefferson Co. would be the largest Chapter 9 bankruptcy filing ever, and to the delight of SD readers, […]
Did MF Global Use $80 Million in Customers' Gold & Silver COMEX Warehouse Receipts as Collateral for a $300 M Short Term Loan?November 9, 2011
Yesterday we advised readers that 1.42 million ounces of registered silver, and 16,645 ounces of registered gold are not currently available for delivery per the CME, due to the MF […]
CNBC has released an Op-Ed by Ron Paul as his Opening Statement for tonight's GOP Economic Debate hosted by CNBC. An economic debate is obviously Paul's time to shine, so […]
Reuters is reporting that France and Germany are in discussions over leaving the Euro and creating a new "core Euro". Perhaps it has something to do with this chart. Over […]
Sinclair Clarifies End-Game for Gold- Virtual Reserve Currency Tradable by Central Banks OnlyNovember 9, 2011
Jim Sinclair today has again clarified his beliefs that the end-game for gold in this global debt/fiat/derivatives crisis will be a virtual reserve currency linked to gold, that is tradable […]
For those thinking Italy won't be bailed out (trust us, QE WILL continue to INFINITY...AND BEYOND!!) perhaps you should view this Reuters graph of European bank exposure to Italy, per […]
G-Pap has just resigned as the Greek PM- no official announcement on a replacement. Oh, who are we kidding- everyone knows Christine Lagarde and Trichet are running the show now. […]
For those who missed The Daily Show last night, Jon Stewart discusses how Jon Corzine saw the Lehman Brothers collapse as a DARE. The Daily Show With Jon Stewart Mon […]
"Timmy- this is Lloyd. Um, we're gonna need another TARP over here pronto. I don't care what you call it- just print and bailout Europe so they don't take us […]
Italy's 10-Year bonds have skyrocketed to 7.48% this morning! The situation has reached critical mass. Once the 10-year crosses 7%- it ain't comin back!Sterling? Italy Govt Bonds 10 Year Gross […]
So far, gold has not managed to rise above the psychologically important $1,800 level. However, the real risk of contagion in the eurozone and the breakup of the European monetary […]