tag:blogger.com,1999:blog-6418112515382102078Tue, 21 May 2013 15:54:41 +0000divergencebank earningsChris HedgesForecastChinavalue investingenergy warsSilver OptionsMutual Fund Cash LevelsVelocity of MoneyeurdollarFed Programsgold weekly chartpension fundsdeep captureKahnemanGold Bull MarketInterest Ratesappian waybalance sheet recessionbank bailouts1987 crashfailures to delivercarry tradeprogression of evilPaul Craig RobertsBad Bank Planfraudcredit expansionBill MoyersReactionUbi sunt?sp intradayCMEGlobal Finance In TransitionSatirical frivolityayn randUS Dollar Weekly Chartscapegoatsempirejustice for someSophie SchollBear StearnsCentral Gold Trustretail gold salesslippageCrude OilNeoLiberalismbanality of evilPMIsafest bankscash on the sidelinesHoward DavidowitzRickardsreckless disregardcurrent expendituresFed StatementDecember Silver ManipulationFed Balance SheetA. Newton PlummerZerohedgemadnessFederal Reserve GoldUS Treasury GoldState Streetbear marketsUS dollar Intermediate Chartfinancial journalismtrading tipsChina US Debtmanufacturing sectorEdgar Ansel MowrerGrammMBS Purchasesdeposit seizuresCorporate Greedgold mining acquisitionsmercantilismChina goldchina Derivatives DefaultRICOBritish poundWall Street Preymortgage fraudChina BubblePHYSJames Pierpont Morgancapital flightstatismprotestgold futuresCalifornia GDPsocialization of lossesUS dollar Purchasing PowerNew Wealthhypocrisywill to powerdubaisnarky cartoonsBlythe MastersschwarzmanObamaLife Imitates ArtLTCMRiskSecrecyCredit Crisistsunamibondslabor participation rateSP 500 Sell SignalMedicarePower Elitegold standardGeithnerCNBCeconomic imbalancesJobsdollar bear marketflight to safetyplatinumNon-farm Payrollsminer metal divergencenarrow bankingforeign stock marketshoardingWars and Rumours of WarsDowElizabeth Warrenmoney corruptionSP deflated by goldPALMTavakoliYenmoney creationdomino of defaultsGMACblitzsilberkriegdistribution rallyPierre RinfretimprisonmentSpitzercontrarianFDICWilliam K. Blacksilver fundfinancial fraudcredit seizurecap and tradeJFKLan Phamcommercial failureBBCeconomic chupacabrasgold intradayTreasury BondUS Treasury DebtISMcapitalizationforeign reservesbanking crisisantichristJapanese modelfinancial profitsbank taxWall Street banksWeimarChain Deflatorameroqualitative easingoutsourcingsociopathprisoner's dilemmaBlowbackcampaign reformBank of Nova ScotiaUBSECBbanking bubblehysteriagold hedgingunholy TrinityMax KeiserSECWarren Buffettpigmendollar reserve currencyPreparing for the CrashUS Dollar Bondsstock returnsBritish Airwaysswap spreadsvolatilityStates' RightsGEOption expirationmoney supplyzirpsystemic riskCEFconfidenceMerrill LynchUS sovereign debteconomic calendareric sprottJames Koutoulasfaberman who sold the worldcompetitive devaluationregulationCanadian silver fundnationalizedponzi schemeYield CurvetransparencyJeff ChristianAktion Tintermediate goldchart comparisonclass warfareNasdaq Daily ChartJapanese economic reformjobless recoveryEmigrationmodern monetary theoryUS Long BondGibson's Paradoxcommodity short positionsaudacious oligarchyUS banking systemGDPNDX Hourly Chartentitlements of successcommercial real estateBullardreflationkleptocracyeuropean unionReykjavík on the Potomacbankingeuthanasiabart chiltonIMF GoldCMBSM3failed stateGold Optionstyrannyandrew maguireniall fergussonSP Hourlysilver wheatonvolckertombstone mentalityprice manipulationCFRThe MarketTED spreaddefaultfiscal policyBLSimaginary jobsRon Paulgolden bowlLoonUS monetary historyUS State GDPNomi PrinsDow Gold Ratiodevaluationsilver inventorycredit contractiongold daily chartLarry Summersbubblesfinancial reformConsumer Metrics InstituteMadoffFIRE sectorPersonal MemoirProprietary Tradingneo-colonianismProvidenceposition limitsTreasury BondsETF performance that Sucksswap linesdebt defaultDeflationdespotismhooverismscandalPlunge Protection TeamSatyajit Dascognitive dissonanceprinting pressdebt to gdpGold chartscorporate mediacorporatismfailure to reformMoney Market FundsChris MartensonTIPSRegulatory ReformAlan GreenspanPaulsonThainmoral hazardcredibility trapTrichetObama Resignationsgold manipulationMartin Luther Kingfinancial corruptionFreddie Mac Indexcredit downgradesCrony CapitalismTrue Money SupplyLe Café AméricainScotia Mocattaspeculative bubblethree stoogesmunicipal bondsMcClellan Oscillatorbubble-nomicsgold rallyimperial Presidencyleveragetax fraudFinancial Crisisfinancial sectorTBTFoligarchscredit card usuryglobal warmingCharles FergusonLong Term Forecastasset erosionnegative interest ratesconflicts of interestECONnedADP Jobspreemptive strikeAIJwhistleblowerSandy WeillPPTshort squeezeJanuary Barometercomex warehouserule of lawreversal patternshurricane seasonthe fall of empireAgenciesNationalize BanksBernanke FedRobert Reichjawboningdividendscredit bubbleunemploymentweekend viewingcattleRogoffrallychina reservesMichael GreenbergerGordon BrownCorruptionWorld Gold Reservesdollar seasonalityquantitative easingdebasement of currenciesgreenspan putretail salesadventues of PigmanDeutsche BankgoldNAV of precious metal fundsJapan Inc.minersGeneral Electricdeflation tradefinancial mediaSchwarzeneggerbank of englandtech valuationsSt. Crispin's DaySingaporebanking cartelnatural gasillinoisfinancial engineeringÜbermenschmarket interventionamerican psychoblack swanpay for saydeleveragingObama's Iraqplayasreal economytreasuriesrevolving creditseignioragemarket signalrecoveryjohn ralston saulausterityPimcopeaceful protestsblackrockpsychopathkrugmaneurodollarsfront runningsecond lienblame for financial crisispropagandasaudi arabia1AIGUS Dollar Chart COTrumoursTea PartydebtGrassleyAge of Spectacleblood moneyCouncil on Foreign RelationsJeffrey SachsCredit cardscompetitivenesscramergold seasonalitycyberwarweekend readingthe big lieBloomberg TVnationalizationIt's the LIttle Things that Make Life Worth LivingG7Dow 10kOther People's MoneyDTCC ReportdownfallBuy and HoldGartmanMackayAgincourtCanadaneo-feudalismcollapsereal interest ratesSummersbeef herdAIJ AdvisorNew York Federal ReserveComexpaper moneygenerational memoryKeiser Reportculture of fraudGonzonomicsindex rebalancingcyclesFederal Reserveswiss francBritish Electionsprosecutionssovereign wealthbank holding companyProductive Economybernanke putETF performanceToo Big To FailTarget Pricebretton woodsred pillfifty day moving averagebook reviewFASBSP 500 overvaluedSP weekly chartdebt bubbleSUCREbank creditEconomic TheoryNew DealCapuanoG20feudalbear raiddeath of the liberal classMortgagesHSBCAustrian EconomicsFortressCartoonbank bailoutdeflatedstiglitzbritish insolvencysimon johnsonJeffersonian Princplestrading systemsLatviamoody'sbirth death modelAmerican EmpireFranklin Delano Rooseveltmalinvestmentprice fixinggeometric expansioncurrent receiptsgainsayearthquakecocoon yearsPPInarcissismBailoutgold forecastKevin PhillipsSDRStructural Unemploymentbottomtrickle downpale horsetimid economistFOMCrecessiondollar devaluationYear To Date PerformanceVIXSecond Bank of the United StatesR BondsThe White RoseBank of Americaeurodollar short squeezequo vadisEuropean banksIrancivil disorderThe ChastisementSelective Defaulthow to tradeTobin TaxrevolutiondistributionCentral Banks that do not suckcurrency controlsbank holidayfractional reserve goldmanaging perceptionSilver chartscommitment of tradersslwbank reformsGreat Crash of 2008Labour PartySMXTIClas vegasbear marketbarclaysAlwaleedDr. Evilfrivolous diversionstaxesLloyds BankUS financial assetsreal wagetragic transcienceBubaTheodore RooseveltdividendTARPNDX Daily Chartgold daily chart intradaygold open interestGoldman Sachsdollar hegemonyCDOspokesmodelsCrude Oil Production Coststape paintinginflationUS Gold Reservesvolumememorial daysilver open interestGSEsilver weekly chartUKgold bogeysmilkcopperJapanese social systemDollar valuationreal returnseconometricsgold record highsStanford fraudfalse flagfree tradeKeiserhalt redemptionsCongressional HearingsMexicobankruptciescivilitySprott Asset ManagementAsian regional economymarket correctionoffshoring jobsratings agenciesblackstoneSPnominalAmerican ExpressHealthcare Bill Gold and Silver Tax1099 Rule ChangeCitadelforeclosuresGreenspaneconomic modelswristslap finesmonetary baseOCClong term gold chartUS Home Pricescurrency warsarrogancesilver mining acquisitionscensorshipfascismleadershipEl CliffoGenslerTreasury manipulationSteve Jobsregulatory capturedecision makingsilverCanada Dollarprimary dealersratingsHistory LessonliquidationismKohnPeer SteinbruckconfiscationIndiaNY Fedprimary trendFDRKondratieff WinterAktion T4Commodity Warsearningssustainable recoveryamerican experienceCrash of 2007basket of currenciesblackmailFedGATABabson Chartsmedian wageexchange holidaySprott Physical Gold TrustJacques LusseyranThis Is EnglandWhat Does Not Kill Us Makes Us StrangerGICtrend following beta monkeysoff a cliffbeyond capitalismdiscount rateNew York Fed Advisory Councilbond failuremarket manipulationIPOeconomic hitmenJerôme Barzettifull faith and creditGreat DepressionCase-Shillerspeculation nationforecast 2011KeynesianismhitlerlandStealing Social SecurityWorking Group on Financial MarketsdemagogydemagogueUS Ten Year Notefall electionsJohn Henry NewmanGold and SP500 CorrelationlibertarianismfreedomoligarchyMaxPainChris WhelanGovernment StatisticsnavHerbert HooverYeohGangs of New YorkDodd Billthe power of onefailed equity offeringregional trading currenciesmelencolia 1OpensourceTax Breaksfailure to deliverJapan lost decadeUS TreasuryJPM Silver ShortHartfordeconomic mythskasrielGlass-Steagallmichael hudsonnew world orderLiberal Democratsdeflatorfiscal clifffibonacci retracementsmoney machineextend and pretendMeredith Whitneydeath of monetarismbanking licenseeconomynothing sacredemployment reportdepressionCorporate Bondsstate downgrademonetization of equitiesgold basisliquidity trapSP devalued by goldwar crimesmarket riggingWells FargoMilitary spendingSpeculationspiritual declineeconomic historymonetarismhubrisamerican centuryglobal reserve currencyforward salesSentimentReformeconomic failurenet investment positionpolitical continuumChristian humanismSprott Physical Silver Trustsovereign defaulthedge fundsLootingglobalizaitonCyprusasian currenciesScholesenronbitcoinCanadian holidayMF Globalreverse reposmonetizationFed DrainsGold EuroGreecepivotshort term indicatorsresistanceRaw Dealcrash of 1929gulf of mexico oilglobalizationprogram tradingEurodollarcurrent accountderegulationCongressBernankeGold Price manipulationsilver intradayExchange Stabilization Fundmatt simmonsmargin requirementssurvivalismTALFGold Poundlegg masonhypothecationlehmanKitcogold projectionmispricing of riskaccounting fraudgreen shootsnment statisticswindow dressingCBOCaliforniaMeditationBank Failurecurrency manipulationregulatory outsourcingRubinForecast 2010EugenicsTalebmarket inefficiencyeconomicsNasdaq Hourly Chartmonetary crisisHousing Bubbleexorbitant privilegegamblingfinancial transactions taxGold Chart Weeklyfinancial demimondebail inmzmGold CertificatesBISNew HampshireGMgold long term charteconmic recoverySpecial Drawing RightsAnglo-American Banking CartelEverything Burnsbudget deficitfinancial coup d'etatSp Hourly ChartChina Treasuriespredator classNYMEXimbalancesdebt crisisGTUGoldman Premiummetals confiscationhyperinflationgermanyAllegory of the Cavenet asset valuesMark CubanM2apathyfinancial fascismNasdaq Weekly ChartUS Dollar Daily Chartmanagement of perceptionsJOBS BillBrooksley Bornephemerafiat currencyQuebec Students Strikebudget crisisrussiaJP Morgan bombingsilver exchange holidayantitrustmonied interestsbond bubblemedian hourly wagenaked short sellingForeign Ownershippolicy errorW recoverycentral banksblue pillTed ButlerstocksPE Ratiosthird partymarginal GDPSheila Bairsp 500 intradayefficient market theorybank fraudShadowstatsmonetary theoryInequalityOccupy Wall Streethealthcare reformgold swapsSP Daily ChartTWEXBinsiderspetrodollarscontrol fraudGerman GoldforexBarofskyDynamite Prize for EconomicsKKRarithmetic contractioncurrency crisismark to marketPhilly FedBullish Percentsincome tax revenuecurrency swapsno bidinsider tradingprice discoveryGLDcommodity fund poolsJapanese electionsfinancialization of justicesilver price manipulationeconomic recoverytriple digit oilhugo salinas-priceperjuryCPIfnancial crisisDodd-Frankeconomic distortionHunger Gameszombie banksUS Dollar Very Long Term ChartmoscowObama Oratorytrading rulesmultinationalismdollar carry trademisery indexbread and circuseslibertythe lawDow ChartUS Dollar Chartrussian collapsegold coinsVery Long Term Dow Industrials ChartBrown's BottomFukushimaglobalismseasonalitycareerismcustomer fundsProducer Price Indexsecuritizationgold lease ratesgold targetSP 500 weekly chartcommodity pricescup and handle formationeuroSilver daily chartinverted totalitarianismSwedish modelDecember Gold ManipulationComex Option Expirationbubbletension tapeIRSdick fuldHigh LowsderivativesLibertadWarren PollockSP downgradeJPMmining sector consolidationpoltical reformLBMATreasury BubbleSouth Sea Bubblemonetary policybeta monstersHousing CrashCFTCTreasury auctionspeak oilFederal Reserve secrecyjackalsbullion bankssilver standardTriffin's DilemmaVolcker RuleE*Trademe generationobama's failureSteve MeyersJim RogersLIBORBill Pooleecuadorexcess reservesIMFmishKing World Newsuseful idiotsPFGBestsocial justice401ksilver manipulationbankersjohn merriwetherCitigroupBen DaviesDimonMadoff fraudLong Term Investment Returnsindustrial policyselective monetary defaultconscienceInsurance Companiessocial securityFHAhigh frequency tradingJackson HoleBig Daddystock market crashberkshireInvolvencyone percentpqpnzcmbuiterfinancializationdouble dip recessionmonetary inflationUS DollarContrary InvestorOssietzkyRubinomicsAggregate Demandmadness of crowdsemerging marketsKarl DenningerozymandiasJapanCharles Waltersoil reserveswhen money diesfiduciary responsibilityregistered and eligiblepolitical hypocrisygold confiscationSP Monthly ChartPaper GoldAlba gu bràthChristian RightTSXus consumerCDSAsiaGreedevolutionary changenatural goodnessgrpnTriangle TradeIcelandic Banking CrisisJapanese stagnationPlatinum Coinreal yield curveNo Distant Goddollar crashbailoutsFederal Reserve currency swapsreversion to the meanNBERHCR 6 statusAscending Trianglesilver lease ratesgathering stormAlcoacurency warsMorgan Stanleycoverupresilience of the human spiritworst yearsChristina Romerex-patriatesgold manspot priceNeoKeynesianismdeficit hysteriaBastille DayRBSStimulus Spendingeconomic statisticsincome taxLoss of ConfidenceBPfinancial military complexSubprimebonusesstagflationdebt slaveryBundesbankCorporate Taxtrading indicatorsCredit Default Swapsone world governmentWealth Dispersionbond crashpublic policyAndrew JacksonBearish IndicatorsmishkinpotemkinTexas sovereignty movementDavid Cay Johnston"corporations are not concerned with the common good. They exploit, pollute, impoverish, repress, kill, and lie to make money. They throw poor people out of homes, let the uninsured die, wage useless wars for profit, poison and pollute the ecosystem, slash social assistance programs, gut public education, trash the global economy, plunder the U.S. Treasury and crush all popular movements that seek justice for working men and women. They worship money and power." Chris Hedges http://jessescrossroadscafe.blogspot.com/noreply@blogger.com (Jesse)Blogger4890125tag:blogger.com,1999:blog-6418112515382102078.post-2555850365887411083Mon, 20 May 2013 20:21:00 +00002013-05-20T21:00:21.175-04:00 Silver and Gold plunged on the Globex Sunday open yesterday as a large number of silver contracts were dumped at market. Commentary on this was given here and here. The metals were slow to recover until this morning, and then took off, going out near the highs in a classic short squeeze. The physical offtake of bullion from the world markets into strong hands is getting intense. It is http://feedproxy.google.com/~r/JessesCafeAmericain/~3/BdI2_4UbyKU/gold-daily-and-silver-weekly-charts_20.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/BdI2_4UbyKU" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/gold-daily-and-silver-weekly-charts_20.htmltag:blogger.com,1999:blog-6418112515382102078.post-6531174516954549738Mon, 20 May 2013 20:12:00 +00002013-05-20T16:12:36.237-04:00 There is no major economic news scheduled for tomorrow. Let's see if the wiseguys can keep the 'Rally Tuesday' trend going. Zimbabwe Ben will be testifying to the Congress on Wednesday morning, and the FOMC minutes from the May 1 meeting will be released. VIX is subdued, and the SP 500 cash is overbought. http://feedproxy.google.com/~r/JessesCafeAmericain/~3/7XMc_IvQOIA/sp-500-and-ndx-futures-daily-charts_20.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/7XMc_IvQOIA" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/sp-500-and-ndx-futures-daily-charts_20.htmltag:blogger.com,1999:blog-6418112515382102078.post-1001889224972857524Mon, 20 May 2013 16:40:00 +00002013-05-20T15:59:08.440-04:00Dr. Evilgold manipulationsilver manipulation There is not much doubt in my mind that the antics we saw in the silver, and to a lesser extent gold, markets last night were a classic hit and run, Dr. Evil market play. It is not particularly sophisticated, more like a brazen street con, or a smash and grab.  But it does require a complacent regulatory environment, and a certain regard for fellow insiders who are in a position to see what http://feedproxy.google.com/~r/JessesCafeAmericain/~3/qikv0y9ZQ1U/gold-and-silver-futures-hourly-charts.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/qikv0y9ZQ1U" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/gold-and-silver-futures-hourly-charts.htmltag:blogger.com,1999:blog-6418112515382102078.post-5561369625320803627Mon, 20 May 2013 15:03:00 +00002013-05-20T11:04:21.004-04:00China gold http://feedproxy.google.com/~r/JessesCafeAmericain/~3/qJoM1rNp_pM/chinese-gold-imports-through-hong-kong.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/qJoM1rNp_pM" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/chinese-gold-imports-through-hong-kong.htmltag:blogger.com,1999:blog-6418112515382102078.post-5983851064383205918Mon, 20 May 2013 14:22:00 +00002013-05-20T10:31:27.528-04:00NAV of precious metal funds Negative premiums. The Gold/Silver ratio is extremely high at 62.4. http://feedproxy.google.com/~r/JessesCafeAmericain/~3/eXJNi9wyFAw/net-asset-value-premiums-of-certain_20.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/eXJNi9wyFAw" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/net-asset-value-premiums-of-certain_20.htmltag:blogger.com,1999:blog-6418112515382102078.post-2540582497545176542Mon, 20 May 2013 02:05:00 +00002013-05-20T00:18:41.890-04:00Dr. Evilsilver manipulation A large number of silver contracts were dumped on the Comex open on Sunday evening, a very quiet market period. This ran the 'stops' and the price. A similar number of contracts were then bought back at a lower price.  And then the market was roiled, but started to recover from a very obvious price smackdown.  It is a little hard to see it on the 15 minute chart which just looks like a lot http://feedproxy.google.com/~r/JessesCafeAmericain/~3/ZbLwwkFlYjw/silver-market-sunday-evening-follies.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/ZbLwwkFlYjw" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/silver-market-sunday-evening-follies.htmltag:blogger.com,1999:blog-6418112515382102078.post-5823709233220616924Sun, 19 May 2013 18:42:00 +00002013-05-19T14:43:34.990-04:00 http://feedproxy.google.com/~r/JessesCafeAmericain/~3/JQbGueX5aUc/sunday-afternoon-listening.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/JQbGueX5aUc" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/sunday-afternoon-listening.htmltag:blogger.com,1999:blog-6418112515382102078.post-4588276091751631087Sun, 19 May 2013 01:30:00 +00002013-05-18T21:42:39.083-04:00registered and eligible The extreme lows in registered inventory tend to mark the beginnings of major advances higher. http://feedproxy.google.com/~r/JessesCafeAmericain/~3/nJQiQNOKcc8/registered-gold-at-comex.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/nJQiQNOKcc8" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/registered-gold-at-comex.htmltag:blogger.com,1999:blog-6418112515382102078.post-4134923747065215829Sat, 18 May 2013 17:03:00 +00002013-05-19T11:30:36.935-04:00 This is making the rounds on twitter. Please note that I have not yet had the time to check this for accuracy. I am playing 'nurse' for my wife who has returned from surgery at hospital. And I am doing a poor job of it, I should say. Or as she says. lol. Postscript:  First, thanks to all your good wishes.  The similarity of individual people from all over the world never ceases to amazehttp://feedproxy.google.com/~r/JessesCafeAmericain/~3/wU218vk2Lt4/comparison-of-1976-gold-bull-market-and.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/wU218vk2Lt4" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/comparison-of-1976-gold-bull-market-and.htmltag:blogger.com,1999:blog-6418112515382102078.post-620696066993249852Sat, 18 May 2013 16:47:00 +00002013-05-18T12:53:13.803-04:00gold swapsUS Gold ReservesWorld Gold ReservesFederal Reserve Gold The US Treasury says that it holds 261,499,000 fine troy ounces in its international reserves. The gold is valued on the books at $42.2222 per fine troy ounce. This represents a total value of $11,041,063,078. Since there are 32,150.7466 troy ounces in a tonne, the US Treasury has 8,133.53 tonnes of fine gold on its books.  Note that the number as presented on a copy of the official US http://feedproxy.google.com/~r/JessesCafeAmericain/~3/e9Zfc7s2Ylk/marking-field-us-stated-gold-reserves.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/e9Zfc7s2Ylk" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/marking-field-us-stated-gold-reserves.htmltag:blogger.com,1999:blog-6418112515382102078.post-2930065197696148288Fri, 17 May 2013 20:13:00 +00002013-05-18T00:54:59.718-04:00 "We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it." Sir Eddie George, Bank of England, September 1999 "The wicked encourage and give themselves the license to attempthttp://feedproxy.google.com/~r/JessesCafeAmericain/~3/1ds3Aiqog_0/gold-daily-and-silver-weekly-charts_17.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/1ds3Aiqog_0" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/gold-daily-and-silver-weekly-charts_17.htmltag:blogger.com,1999:blog-6418112515382102078.post-8621026125440341067Fri, 17 May 2013 20:08:00 +00002013-05-17T16:08:35.600-04:00 Stocks are now quite overbought short term. Complacency is predominant, and momentum has a life of its own. http://feedproxy.google.com/~r/JessesCafeAmericain/~3/7XBjtogwm9M/sp-500-and-ndx-futures-daily-charts_17.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/7XBjtogwm9M" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/sp-500-and-ndx-futures-daily-charts_17.htmltag:blogger.com,1999:blog-6418112515382102078.post-3511147018367383884Fri, 17 May 2013 16:21:00 +00002013-05-17T14:52:15.246-04:00cyclesgold manipulationcurrency warsCrony Capitalismmispricing of risk "Price discovery is not a sexy function of markets, but it is critical to the efficient allocation of scarce capital and resources, and to the preservation of the long term wealth of investors and the economy as a whole. If price discovery is compromised by manipulation, then we will all be gradually impoverished and the economy will be imbalanced and unstable." London Banker, Lies, Damn http://feedproxy.google.com/~r/JessesCafeAmericain/~3/TEkfk-ZSRu4/paper-gold-metal-gold-when-worlds.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/TEkfk-ZSRu4" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/paper-gold-metal-gold-when-worlds.htmltag:blogger.com,1999:blog-6418112515382102078.post-6023942692130840580Fri, 17 May 2013 02:03:00 +00002013-05-16T22:05:26.047-04:00BBC If you live in the UK you may watch this online here. Otherwise you may watch it below. Here is a link to Part 1 - Fixing the System http://feedproxy.google.com/~r/JessesCafeAmericain/~3/Cqw9lRb21aw/bbc-bankers-risking-it-all-part-ii.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/Cqw9lRb21aw" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/bbc-bankers-risking-it-all-part-ii.htmltag:blogger.com,1999:blog-6418112515382102078.post-3685515816206082793Thu, 16 May 2013 21:57:00 +00002013-05-20T06:56:02.143-04:00excess reserves “So that the question is: Would there be any advantage, at this particular stage, in going back to the gold standard? And the answer is: I don't think so, because we're acting as though we were there. So I think central banking, I believe, has learned the dangers of fiat money, and I think, as a consequence of that, we've behaved as though there are, indeed, real reserves underneath the http://feedproxy.google.com/~r/JessesCafeAmericain/~3/dSafMKnrjuM/as-reminder-fed-is-not-printing-money.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/dSafMKnrjuM" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/as-reminder-fed-is-not-printing-money.htmltag:blogger.com,1999:blog-6418112515382102078.post-7633770524065491316Thu, 16 May 2013 20:43:00 +00002013-05-16T17:23:52.755-04:00 "Buying gold and silver is a vote of 'no confidence' on the financial system and the Fed." If that is true, and considering that Bernanke is the Pelé of printing money, how could you NOT? It's pretty clear how the BRICS are trying to cast their vote. And how the Banks and their associates are trying to stuff the ballot box with paper. http://feedproxy.google.com/~r/JessesCafeAmericain/~3/uCyAMIV-2kc/gold-daily-and-silver-weekly-charts_16.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/uCyAMIV-2kc" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/gold-daily-and-silver-weekly-charts_16.htmltag:blogger.com,1999:blog-6418112515382102078.post-577290986618705891Thu, 16 May 2013 20:15:00 +00002013-05-16T16:27:18.000-04:00 Hey man, I gotta straighten my face, This mellow thighed chick just put my spine out of place. Hey man, my schoolday's insane Hey man, my work's down the drain Hey man, well she's a total blam-blam... Oh don't lean on me man, cause you can't afford the ticket I'm back on Suffragette City... Ohhh, Wham Bam Thank You Ma'am! This mispricing of risk is going to leave a mark. But you can't stop http://feedproxy.google.com/~r/JessesCafeAmericain/~3/m_dvo4BJYI8/sp-500-and-ndx-futures-daily-charts_16.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/m_dvo4BJYI8" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/sp-500-and-ndx-futures-daily-charts_16.htmltag:blogger.com,1999:blog-6418112515382102078.post-2637750210789569589Thu, 16 May 2013 19:15:00 +00002013-05-16T15:52:11.845-04:00modern monetary theorymarket manipulationgold standard I found this little gem, and added it to my collection of reminders that Greenspan said that fiat money 'worked' because central bankers had learned to 'replicate' the gold standard through their policy actions.  I had said 'emulate' but perhaps that was a quirk of memory. This is from a publicly published note by Jude Wanniski titled Savings Glut. From: Jude Wanniski < jwanniski@http://feedproxy.google.com/~r/JessesCafeAmericain/~3/dcJzPRQdpGI/lets-file-this-email-about-greenspan.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/dcJzPRQdpGI" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/lets-file-this-email-about-greenspan.htmltag:blogger.com,1999:blog-6418112515382102078.post-903354213552964389Thu, 16 May 2013 15:46:00 +00002013-05-16T14:39:13.407-04:00audacious oligarchyblame for financial crisisregulatory capturefinancial corruptionfinancial coup d'etat The history of the Johnstown Flood of 1889, at that time the worst natural disaster in the US as measured by loss of life, is little understood these days, but quite fascinating. A group of about fifty wealthy 'robber barons' took over an old dam which had been used as a reservoir for a canal system,  and used it to create a lake resort for their private pleasure.  It served as a weekend http://feedproxy.google.com/~r/JessesCafeAmericain/~3/f7r3sNflGh0/the-history-of-johnstown-flood.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/f7r3sNflGh0" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/the-history-of-johnstown-flood.htmltag:blogger.com,1999:blog-6418112515382102078.post-3110710823816333420Tue, 14 May 2013 22:00:00 +00002013-05-16T16:41:46.773-04:00economic mythsmonetary theorymonetarismfinancial corruptiondebasement of currenciesfinancial engineeringeconomic distortionstatismmonetary inflationfiat currencygold standard Greenspan said on any number of occasions that his model was that a 'fiat currency' works when it emulates the rigor of the gold standard. I am using this post as a placemarker to gather a few citations along these lines. Sometimes people doubt these things, and it is not always easy to go back and find the actual idea in print. I will place other example here as I find them but it is nothttp://feedproxy.google.com/~r/JessesCafeAmericain/~3/nbuvE-6DiCI/greenspan-role-of-central-bankers-is-to.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/nbuvE-6DiCI" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/greenspan-role-of-central-bankers-is-to.htmltag:blogger.com,1999:blog-6418112515382102078.post-4794615365947770173Tue, 14 May 2013 21:12:00 +00002013-05-14T21:56:36.741-04:00 The stories on the sidebar are interesting today. The last piece by Golem XIV about What Bankers Don't Know is a 'must read' in my opinion. I was greatly amused to read that South Africa imported about a billion dollars in gold bullion from New York earlier this year, an amount large enough to turn their trade surplus into a deficit. The reason given was that South Africa had problems in its http://feedproxy.google.com/~r/JessesCafeAmericain/~3/H0-h1WqicS0/gold-daily-and-silver-weekly-charts_14.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/H0-h1WqicS0" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/gold-daily-and-silver-weekly-charts_14.htmltag:blogger.com,1999:blog-6418112515382102078.post-3075698381395796633Tue, 14 May 2013 21:07:00 +00002013-05-14T20:27:20.491-04:00 "Never have investors reached so high in price for so low a return. Never have investors stooped so low for so much risk." Bill Gross, 14 May 2013 Today was rally Tuesday when the banks and funds decide to take stocks up. Check out the results for the last few Tuesdays. This makes more sense for today's rally than anything else I have heard. Be careful in challenging the technical when http://feedproxy.google.com/~r/JessesCafeAmericain/~3/Ia5TffDI5xE/sp-500-and-ndx-futures-daily-charts_14.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/Ia5TffDI5xE" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/sp-500-and-ndx-futures-daily-charts_14.htmltag:blogger.com,1999:blog-6418112515382102078.post-5992955709557017871Tue, 14 May 2013 18:01:00 +00002013-05-14T14:01:56.548-04:00 Here is the 'bullish case for stocks' from Ralph Dillon at Global Financial Data, in quotes below.  The chart is also from their site. Calculating the Equity Risk Premium Tutorial is here. Those of us who stood by and watched the Fed blow asset bubbles in financial paper and the housing market from 2003 to 2007, after the bubble in tech stocks from 1998 to 2001, are understandably appalled http://feedproxy.google.com/~r/JessesCafeAmericain/~3/z3gQfIN03kc/the-bullish-case-for-stocks-and.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/z3gQfIN03kc" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/the-bullish-case-for-stocks-and.htmltag:blogger.com,1999:blog-6418112515382102078.post-8286382137087911543Tue, 14 May 2013 13:07:00 +00002013-05-14T13:38:38.089-04:00basket of currenciescurrency crisisSDRcurrency wars "The great enemy of clear language is insincerity. When there is a gap between one's real and one's declared aims, one turns as it were instinctively to long words and exhausted idioms, like a cuttlefish spurting out ink. In our age there is no such thing as 'keeping out of politics'. All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred, and http://feedproxy.google.com/~r/JessesCafeAmericain/~3/J-0oQI07uiQ/currency-wars-russias-plan-for-post.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/J-0oQI07uiQ" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/currency-wars-russias-plan-for-post.htmltag:blogger.com,1999:blog-6418112515382102078.post-3757307533047999128Mon, 13 May 2013 20:07:00 +00002013-05-13T20:48:01.806-04:00 "For the greater good, I want to do what must be done." Dolores Umbridge Brad DeLong, the Berkeley history of economics professor, said on Bloomberg TV today that Bernanke is 'the whale that can't be harpooned.'    And hedge funds missed an easy trade by not going along to get along by riding the rising markets.  Those that are fading Bernanke are going to be overwhelmed by his power.  So http://feedproxy.google.com/~r/JessesCafeAmericain/~3/hcTcquU6XAs/gold-daily-and-silver-weekly-charts_13.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/hcTcquU6XAs" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2013/05/gold-daily-and-silver-weekly-charts_13.html