tag:blogger.com,1999:blog-6418112515382102078Fri, 10 Feb 2012 05:34:08 +0000divergencebank earningsForecastChinavalue investingenergy warsSilver OptionsMutual Fund Cash LevelseurdollarVelocity of MoneyFed Programsgold weekly chartpension fundsdeep captureKahnemanGold Bull MarketInterest Ratesappian waybalance sheet recession1987 crashbank bailoutsfailures to delivercarry tradefraudBad Bank PlanPaul Craig Robertscredit expansionBill MoyersReactionUbi sunt?sp intradaySatirical frivolityayn randscapegoatsUS Dollar Weekly ChartempireBear StearnsCentral Gold Trustretail gold salesslippageCrude OilNeoLiberalismPMIsafest bankscash on the sidelinesHoward DavidowitzRickardsFed StatementFed Balance SheetZerohedgeFederal Reserve GoldmadnessUS Treasury GoldState Streetbear marketsUS dollar Intermediate Chartfinancial journalismtrading tipsChina US Debtmanufacturing sectorGrammMBS PurchasesCorporate Greedgold mining acquisitionsmercantilismchina Derivatives DefaultBritish poundWall Street PreyRICOmortgage fraudPHYSChina Bubblestatismcapital flightprotestgold futuresCalifornia GDPsocialization of lossesNew WealthUS dollar Purchasing Powerwill to powerhypocrisydubaisnarky cartoonsschwarzmanObamaLife Imitates ArtLTCMRiskSecrecyCredit Crisisbondslabor participation rateSP 500 Sell SignalPower EliteGeithnergold standardCNBCeconomic imbalancesJobsdollar bear marketflight to safetyplatinumNon-farm Payrollsminer metal divergencenarrow bankingforeign stock marketshoardingWars and Rumours of WarsDowElizabeth WarrenSP deflated by goldYenTavakoliPALMmoney creationdomino of defaultsGMACdistribution rallySpitzercontrarianFDICWilliam K. Blacksilver fundfinancial fraudcredit seizureJFKcap and tradecommercial failureeconomic chupacabrasgold intradayTreasury BondUS Treasury DebtISMcapitalizationforeign reservesbanking crisisantichristbank taxWall Street banksWeimarqualitative easingamerosociopathprisoner's dilemmaBlowbackcampaign reformBank of Nova ScotiaUBSECBbanking bubblegold hedgingSECMax KeiserWarren Buffettpigmendollar reserve currencyPreparing for the CrashUS Dollar Bondsstock returnsBritish Airwaysswap spreadsvolatilityOption expirationGEStates' Rightsmoney supplyzirpsystemic riskCEFconfidenceMerrill LynchUS sovereign debteconomic calendareric sprottfabercompetitive devaluationregulationCanadian silver fundnationalizedponzi schemeYield Curvetransparencychart comparisonclass warfareNasdaq Daily ChartJapanese economic reformjobless recoveryEmigrationmodern monetary theoryUS Long BondGibson's Paradoxcommodity short positionsUS banking systemGDPNDX Hourly Chartcommercial real estateBullardreflationkleptocracyeuropean unionReykjavík on the Potomacbankingbart chiltonIMF GoldCMBSfailed stateGold Optionstyrannyandrew maguireniall fergussonSP Hourlysilver wheatonvolckerprice manipulationCFRTED spreaddefaultfiscal policyBLSimaginary jobsRon Paulgolden bowlLoonUS monetary historyUS State GDPDow Gold Ratiodevaluationsilver inventorycredit contractiongold daily chartLarry Summersbubblesfinancial reformConsumer Metrics InstituteFIRE sectorMadoffProprietary TradingPersonal Memoirposition limitsTreasury BondsETF performance that SucksProvidenceswap linesdebt defaultDeflationdespotismhooverismscandalPlunge Protection TeamSatyajit Dasprinting pressdebt to gdpGold chartsfailure to reformcorporatismMoney Market FundsTIPSRegulatory ReformPaulsonThainmoral hazardcredibility trapTrichetObama Resignationsgold manipulationMartin Luther Kingfinancial corruptionFreddie Mac IndexCrony Capitalismcredit downgradesTrue Money SupplyLe Café AméricainScotia Mocattaspeculative bubblemunicipal bondsMcClellan Oscillatorbubble-nomicsgold rallyleveragetax fraudFinancial Crisisfinancial sectoroligarchscredit card usuryglobal warmingLong Term Forecastasset erosionnegative interest ratesconflicts of interestECONnedADP Jobspreemptive strikewhistleblowershort squeezePPTSandy WeillJanuary Barometercomex warehousereversal patternshurricane seasonAgenciesthe fall of empireNationalize BanksBernanke FedRobert Reichjawboningdividendsunemploymentcredit bubbleweekend viewingrallyRogoffcattlechina reservesGordon BrownCorruptionWorld Gold Reservesdollar seasonalityquantitative easingdebasement of currenciesretail salesDeutsche Bankadventues of PigmangoldNAV of precious metal fundsJapan Inc.minersGeneral Electricdeflation tradefinancial mediabank of englandSchwarzeneggertech valuationsSt. Crispin's DaySingaporebanking cartelnatural gasillinoisfinancial engineeringÜbermenschmarket interventionamerican psychoblack swanpay for saydeleveragingObama's Iraqreal economyplayastreasuriesrevolving creditrecoveryausterityPimcopeaceful protestsblackrockkrugmaneurodollarsfront runningsecond lienblame for financial crisispropagandasaudi arabia1AIGUS Dollar Chart COTrumoursdebtGrassleyCouncil on Foreign RelationsCredit cardscompetitivenesscramergold seasonalityweekend readingthe big lieBloomberg TVnationalizationIt's the LIttle Things that Make Life Worth LivingG7Dow 10kOther People's MoneyDTCC ReportdownfallBuy and HoldGartmanMackayAgincourtCanadaneo-feudalismcollapseSummersbeef herdNew York Federal ReserveComexpaper moneygenerational memoryKeiser ReportGonzonomicsindex rebalancingcyclesFederal Reserveswiss francBritish Electionsprosecutionssovereign wealthProductive Economybank holding companyETF performanceTarget Pricebretton woodsred pillfifty day moving averageFASBbook reviewSP 500 overvaluedSP weekly chartdebt bubbleSUCREbank creditNew DealEconomic TheoryCapuanofeudalbear raidMortgagesHSBCAustrian EconomicsFortressbank bailoutCartoondeflatedstiglitzbritish insolvencysimon johnsonJeffersonian Princplestrading systemsLatviamoody'sbirth death modelmalinvestmentprice fixinggeometric expansiongainsayPPIcocoon yearsBailoutgold forecastKevin PhillipsSDRStructural Unemploymentbottomtrickle downpale horsetimid economistFOMCrecessiondollar devaluationYear To Date PerformanceVIXThe White RoseR BondsBank of Americaeurodollar short squeezequo vadisEuropean banksIrancivil disorderSelective DefaultThe Chastisementhow to tradeTobin TaxdistributionCentral Banks that do not suckcurrency controlsbank holidayfractional reserve goldmanaging perceptionSilver chartscommitment of tradersslwbank reformsLabour PartySMXTIClas vegasbear marketAlwaleedDr. Evilbarclaysfrivolous diversionstaxesLloyds BankUS financial assetsreal wagetragic transcienceBubaTheodore RooseveltdividendTARPNDX Daily Chartgold daily chart intradaygold open interestGoldman Sachsdollar hegemonyCDOCrude Oil Production Coststape paintinginflationUS Gold Reservesvolumememorial dayGSEsilver weekly chartUKgold bogeysmilkJapanese social systemcopperDollar valuationreal returnseconometricsgold record highsStanford fraudfalse flagfree tradeKeiserhalt redemptionsCongressional HearingsMexicobankruptciesSprott Asset ManagementAsian regional economymarket correctionoffshoring jobsratings agenciesblackstoneSPnominalAmerican ExpressHealthcare Bill Gold and Silver Tax1099 Rule ChangeCitadelforeclosuresGreenspaneconomic modelswristslap finesOCCmonetary basesilver mining acquisitionslong term gold chartcurrency warsUS Home PricesarrogancefascismleadershipEl CliffoGenslerTreasury manipulationSteve Jobsregulatory capturedecision makingsilverCanada Dollarprimary dealersratingsHistory LessonliquidationismKohnPeer SteinbruckIndiaNY Fedprimary trendFDRKondratieff WinterCommodity Warsearningssustainable recoveryCrash of 2007american experiencebasket of currenciesFedGATABabson ChartsSprott Physical Gold TrustWhat Does Not Kill Us Makes Us StrangerGICtrend following beta monkeysoff a cliffdiscount rateIPObond failuremarket manipulationNew York Fed Advisory Councileconomic hitmenfull faith and creditGreat DepressionCase-Shillerspeculation nationforecast 2011KeynesianismWorking Group on Financial MarketsdemagogyStealing Social SecuritydemagogueUS Ten Year Notefall electionsJohn Henry NewmanGold and SP500 CorrelationlibertarianismfreedomoligarchyChris WhelanMaxPainGovernment StatisticsnavHerbert HooverGangs of New YorkYeohDodd Billthe power of onefailed equity offeringregional trading currenciesmelencolia 1Tax Breaksfailure to deliverJapan lost decadeUS TreasuryJPM Silver ShortHartfordeconomic mythskasrielGlass-Steagallmichael hudsonnew world orderLiberal Democratsdeflatorfibonacci retracementsmoney machineextend and pretendMeredith Whitneydeath of monetarismeconomybanking licenseemployment reportdepressionCorporate Bondsstate downgrademonetization of equitiesliquidity trapSP devalued by goldmarket riggingMilitary spendingWells FargoSpeculationmonetarismhubrisglobal reserve currencyforward salesReformeconomic failureSentimentnet investment positionChristian humanismpolitical continuumSprott Physical Silver TrustLootingsovereign defaulthedge fundsglobalizaitonScholesasian currenciesenronCanadian holidayMF Globalreverse reposmonetizationFed DrainsGold Euroshort term indicatorscrash of 1929gulf of mexico oilglobalizationprogram tradingEurodollarcurrent accountCongressBernankeGold Price manipulationsilver intradayExchange Stabilization Fundmatt simmonsmargin requirementssurvivalismTALFGold Poundlegg masonlehmanKitcogold projectionaccounting fraudgreen shootsnment statisticswindow dressingCaliforniaMeditationBank Failurecurrency manipulationregulatory outsourcingRubinForecast 2010Talebmarket inefficiencyeconomicsNasdaq Hourly Chartmonetary crisisHousing Bubblegamblingfinancial transactions taxGold Chart WeeklymzmGold CertificatesBISNew HampshireGMgold long term charteconmic recoverySpecial Drawing Rightsbudget deficitSp Hourly ChartChina Treasuriespredator classNYMEXimbalancesdebt crisisGTUGoldman PremiumhyperinflationgermanyAllegory of the Cavenet asset valuesMark CubanM2apathyNasdaq Weekly ChartUS Dollar Daily Chartmanagement of perceptionsephemerafiat currencybudget crisisrussiaJP Morgan bombingantitrustmonied interestsmedian hourly wagenaked short sellingForeign Ownershippolicy errorW recoverycentral banksblue pillTed ButlerstocksPE Ratiosthird partymarginal GDPSheila Bairsp 500 intradaybank fraudmonetary theoryShadowstatsInequalityOccupy Wall Streethealthcare reformgold swapsSP Daily ChartTWEXBinsiderspetrodollarscontrol fraudforexBarofskyDynamite Prize for EconomicsKKRcurrency crisisarithmetic contractionmark to marketPhilly FedBullish Percentsincome tax revenuecurrency swapsno bidinsider tradingprice discoverycommodity fund poolsJapanese electionssilver price manipulationeconomic recoverytriple digit oilhugo salinas-priceperjuryCPIfnancial crisiseconomic distortionzombie banksUS Dollar Very Long Term ChartmoscowObama Oratorytrading rulesmultinationalismdollar carry trademisery indexlibertybread and circusesthe lawDow ChartUS Dollar Chartrussian collapsegold coinsBrown's BottomglobalismFukushimaProducer Price Indexgold lease ratesgold targetSP 500 weekly chartcommodity pricescup and handle formationeuroSilver daily chartbubbletension tapeIRSdick fuldHigh LowsderivativesLibertadWarren PollockSP downgradeJPMmining sector consolidationpoltical reformLBMATreasury BubbleSouth Sea Bubblemonetary policybeta monstersHousing CrashCFTCTreasury auctionspeak oilFederal Reserve secrecyjackalsbullion bankssilver standardTriffin's DilemmaVolcker RuleE*Tradeobama's failureSteve MeyersJim RogersLIBORBill Pooleecuadorexcess reservesIMFmishKing World Newssocial justice401ksilver manipulationbankersjohn merriwetherCitigroupBen DaviesDimonMadoff fraudindustrial policyselective monetary defaultLong Term Investment ReturnsInsurance Companiessocial securityFHAhigh frequency tradingJackson HoleBig Daddystock market crashInvolvencyberkshirepqpnzcmbuiterdouble dip recessionUS Dollarmonetary inflationContrary InvestorRubinomicsAggregate Demandmadness of crowdsemerging marketsKarl DenningerozymandiasJapanCharles Waltersoil reserveswhen money diesfiduciary responsibilityregistered and eligiblepolitical hypocrisygold confiscationSP Monthly ChartPaper GoldTSXus consumerCDSAsiaGreedevolutionary changegrpnIcelandic Banking CrisisJapanese stagnationTriangle TradeNo Distant Goddollar crashbailoutsFederal Reserve currency swapsHCR 6 statusNBERAscending Trianglegathering stormAlcoacurency warscoverupMorgan Stanleyworst yearsChristina Romerex-patriatesspot pricedeficit hysteriaRBSStimulus Spendingeconomic statisticsincome taxLoss of ConfidenceBPfinancial military complexSubprimebonusesstagflationdebt slaveryBundesbankCorporate Taxtrading indicatorsCredit Default Swapsone world governmentWealth Dispersionbond crashpublic policyAndrew JacksonBearish IndicatorsmishkinpotemkinTexas sovereignty movement"Every dictatorship has ultimately strangled in the web of repression it wove for its people, making mistakes that could not be corrected because criticism was prohibited...A revolution is coming, a revolution which will be peaceful if we are wise enough; compassionate if we care enough; successful if we are fortunate enough. But a revolution which is coming whether we will it or not. We can affect its character; we cannot alter its inevitability." Robert F. Kennedyhttp://jessescrossroadscafe.blogspot.com/noreply@blogger.com (Jesse)Blogger3400125tag:blogger.com,1999:blog-6418112515382102078.post-1221821888217278485Fri, 10 Feb 2012 03:15:00 +00002012-02-09T23:35:53.630-05:00MF Global I did predict something like this would happen in about the second week of the scandal, didn't I? Did you ever imagine that in America a major brokerage firm would blazenly steal over a billion dollars in customer funds and assets, and that no one would even be prosecuted? And that the financiers would use the courts to just keep the money, and basically tell the broker's customers to eat http://feedproxy.google.com/~r/JessesCafeAmericain/~3/uYa5pD7b0j4/mf-global-trail-growing-cold-no-one-to.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/uYa5pD7b0j4" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/mf-global-trail-growing-cold-no-one-to.htmltag:blogger.com,1999:blog-6418112515382102078.post-2031809341371309482Thu, 09 Feb 2012 21:06:00 +00002012-02-09T19:40:16.664-05:00 Some economists were saying patently silly things about gold today. It might be useful to review why gold proves such an irritant to financial engineers and modern monetary theorists. Typically when this happens we are a few weeks away from a major money episode of some sort, most generally of the printing kind.  The Fed has a penchant for allowing asset bubbles to form, although that http://feedproxy.google.com/~r/JessesCafeAmericain/~3/BbO8S3NX4q0/gold-daily-and-silver-weekly-charts_09.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/BbO8S3NX4q0" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/gold-daily-and-silver-weekly-charts_09.htmltag:blogger.com,1999:blog-6418112515382102078.post-1738449808885717435Thu, 09 Feb 2012 21:04:00 +00002012-02-09T19:14:16.777-05:00 "Once stock prices reach the point at which it is hard to value them by logical methodology, stocks will be bought as they were in the late 1920s not for investment but to be unloaded at a still higher price. The ensuing break could be disastrous because panic psychology cannot be summarily altered or reversed by easing money policies." Alan Greenspan, 1959 The Fed and its acolytes in the http://feedproxy.google.com/~r/JessesCafeAmericain/~3/8H4qnXnyCSY/sp-500-and-ndx-futures-daily-charts_09.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/8H4qnXnyCSY" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/sp-500-and-ndx-futures-daily-charts_09.htmltag:blogger.com,1999:blog-6418112515382102078.post-1339154663862381127Wed, 08 Feb 2012 21:08:00 +00002012-02-08T16:08:29.659-05:00 Bear raid. Boring really. http://feedproxy.google.com/~r/JessesCafeAmericain/~3/IBNwmJFyVNY/gold-daily-and-silver-weekly-charts_08.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/IBNwmJFyVNY" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/gold-daily-and-silver-weekly-charts_08.htmltag:blogger.com,1999:blog-6418112515382102078.post-2353311147042216378Wed, 08 Feb 2012 21:07:00 +00002012-02-08T16:07:24.851-05:00 Groupon missed earnings but Cisco beat after the bell. Light volumes. http://feedproxy.google.com/~r/JessesCafeAmericain/~3/iiDp80jurrY/sp-500-and-ndx-futures-daily-charts_08.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/iiDp80jurrY" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/sp-500-and-ndx-futures-daily-charts_08.htmltag:blogger.com,1999:blog-6418112515382102078.post-6714499886205490909Wed, 08 Feb 2012 19:40:00 +00002012-02-08T15:51:14.332-05:00 It's not really about the money, its the hypocrisy. $9,000 is not a lot of money to many people in America these days. And certainly such an amount could be raised fairly quickly with an online drive for funds. Over 40,000 people have signed the online petition protesting this. What has people upset is the blatant hypocrisy of JPMorgan, in this and so many other things. It is what drives thehttp://feedproxy.google.com/~r/JessesCafeAmericain/~3/CChkZVcXe58/jpmorgan-chase-caps-martin-luther-king.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/CChkZVcXe58" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/jpmorgan-chase-caps-martin-luther-king.htmltag:blogger.com,1999:blog-6418112515382102078.post-7972251749826086138Wed, 08 Feb 2012 15:22:00 +00002012-02-08T11:02:51.189-05:00 Wax on, wax off. http://feedproxy.google.com/~r/JessesCafeAmericain/~3/QS6X2tUv1sk/pictures-in-pyramid-scheme.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/QS6X2tUv1sk" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/pictures-in-pyramid-scheme.htmltag:blogger.com,1999:blog-6418112515382102078.post-940916486931673844Tue, 07 Feb 2012 21:15:00 +00002012-02-07T16:15:50.822-05:00 The precious metal markets had a good day compliments of Herr Bernanke, who is obviously going to provide enough liquidity to prevent another Lehman event if he can. http://feedproxy.google.com/~r/JessesCafeAmericain/~3/5lZbU1ijcok/gold-daily-and-silver-weekly-charts_07.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/5lZbU1ijcok" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/gold-daily-and-silver-weekly-charts_07.htmltag:blogger.com,1999:blog-6418112515382102078.post-1400811487809962757Tue, 07 Feb 2012 21:13:00 +00002012-02-07T16:17:02.590-05:00 This market is looking tired and the volume is drying up. But while the volume remains low it will likely keep drifting with an upward bias. The SP Futures closed today at the July high which is remarkable. First serious event will take it down hard. Strong support is at 1270 or so. Don't feed the sharks. Wait for it. Disney exceed earnings but missed the topline revenue. It is http://feedproxy.google.com/~r/JessesCafeAmericain/~3/rkQRrjnzGuU/sp-500-and-ndx-futures-daily-charts_07.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/rkQRrjnzGuU" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/sp-500-and-ndx-futures-daily-charts_07.htmltag:blogger.com,1999:blog-6418112515382102078.post-4048917765106598288Tue, 07 Feb 2012 17:47:00 +00002012-02-07T12:47:52.464-05:00NAV of precious metal funds http://feedproxy.google.com/~r/JessesCafeAmericain/~3/wN2l2nXqmI4/net-asset-value-premiums-of-certain_07.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/wN2l2nXqmI4" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/net-asset-value-premiums-of-certain_07.htmltag:blogger.com,1999:blog-6418112515382102078.post-192788510938860439Tue, 07 Feb 2012 14:57:00 +00002012-02-07T22:24:52.381-05:00 Senator Chuck Grassley put a clause back into the Senate's anti-insider trader law that requires financial analysts who meet with Congressmen and their staffs to register their meetings. The purpose of this clause is to bring transparency to the information peddling that represents a lucrative business for hedge funds and banks that trade on insider information from the Congressmen themselves. http://feedproxy.google.com/~r/JessesCafeAmericain/~3/zFQBw7NmCpY/panic-on-wall-street-as-anti-insider.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/zFQBw7NmCpY" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/panic-on-wall-street-as-anti-insider.htmltag:blogger.com,1999:blog-6418112515382102078.post-1495458741129565203Tue, 07 Feb 2012 05:50:00 +00002012-02-07T01:16:27.870-05:00 These fellows in New York, Washington, and London hate to see any amateurs engaging in deceptive financial practices without an official license or the right markings. When the Iranians get good enough to move past merely practicing deception into the big leagues of world class professional fraud, and start playing ball with the big boys maybe the Iranian central bank can sign up for the http://feedproxy.google.com/~r/JessesCafeAmericain/~3/K9J1z40CAEc/us-seizes-iranian-assets-citing.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/K9J1z40CAEc" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/us-seizes-iranian-assets-citing.htmltag:blogger.com,1999:blog-6418112515382102078.post-7368988649519672373Tue, 07 Feb 2012 04:36:00 +00002012-02-06T23:40:06.611-05:00MF Global The margin call was predicted here about day two as I recall. The question in my mind is the extent that JP Morgan and any of their other bankers and credit line holders played in this. It will be interesting to see how this case progresses from the Giddens-Freeh bankruptcy team and into the hands of the regulators and Justice Department. So far (for the past three years) the Obama http://feedproxy.google.com/~r/JessesCafeAmericain/~3/Wc6avBxWHvE/mf-global-collapsed-in-face-of-310.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/Wc6avBxWHvE" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/mf-global-collapsed-in-face-of-310.htmltag:blogger.com,1999:blog-6418112515382102078.post-8681986883128472824Mon, 06 Feb 2012 21:12:00 +00002012-02-06T21:02:03.150-05:00 Gold was hit hard by a selling flurry around 3 AM Eastern Time, with most of the selling timed to events in London. Check out the plunge in gold lease rates on 2 February in the last chart. Silver proved to be more resilient. If and when the metals brokers and their pyramid of leverage breaks, be careful about any holdings you may have that are mingled with theirs, otherwise your victory mayhttp://feedproxy.google.com/~r/JessesCafeAmericain/~3/w6N4v7tI-8g/gold-daily-and-silver-weekly-charts_06.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/w6N4v7tI-8g" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/gold-daily-and-silver-weekly-charts_06.htmltag:blogger.com,1999:blog-6418112515382102078.post-3943908568104318186Mon, 06 Feb 2012 21:08:00 +00002012-02-06T16:08:42.629-05:00 Another light volume day saved the market from rolling over, which it seemed ready to do early on. I think it is time now to take a maximally defensive position, which for me at least means hedged gold bullion positions and cash. The bullion hedge is to guard against a liquidation event as opposed to an equity correction. If volumes stay light the wiseguys can keep lifting this up, burning http://feedproxy.google.com/~r/JessesCafeAmericain/~3/mDgsGU9iCiM/sp-500-and-ndx-futures-daily-chart.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/mDgsGU9iCiM" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/sp-500-and-ndx-futures-daily-chart.htmltag:blogger.com,1999:blog-6418112515382102078.post-7490173303848091295Mon, 06 Feb 2012 20:07:00 +00002012-02-06T19:20:30.152-05:00MF Global Hail to the Real Chief It sure is taking them a long time to spit this one out, isn't it?   We stole your money, we own the system, and there is nothing you can do about it, you pipsqueaks, so just STFU and take what we choose to give you.  Given the timing and the likely parties involved, these transfers, even when they do not involve the theft of customer funds, with the withholding of http://feedproxy.google.com/~r/JessesCafeAmericain/~3/Kv8Su_9AOwA/mf-global-select-parties-received.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/Kv8Su_9AOwA" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/mf-global-select-parties-received.htmltag:blogger.com,1999:blog-6418112515382102078.post-9135934239154651515Mon, 06 Feb 2012 19:19:00 +00002012-02-06T14:45:21.305-05:00NAV of precious metal funds Sprott Physical Gold Trust Announces Completion of Its Follow-on Offering of Trust Units Feb 3, 2012 TORONTO, Feb. 3, 2012 /CNW/ - Sprott Physical Gold Trust (the "Trust") (NYSE: PHYS / TSX: PHY.U), a trust created to invest and hold substantially all of its assets in physical gold bullion and managed by Sprott Asset Management LP, today announced that it has completed its follow-on offering ofhttp://feedproxy.google.com/~r/JessesCafeAmericain/~3/G7sznLIQraI/net-asset-value-premiums-of-certain.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/G7sznLIQraI" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/net-asset-value-premiums-of-certain.htmltag:blogger.com,1999:blog-6418112515382102078.post-6018457613686603779Mon, 06 Feb 2012 16:22:00 +00002012-02-06T12:04:35.702-05:00unemploymentGovernment Statistics Perhaps this chart will help explain the divergence that Charles Biderman of Trimtabs sees between the official unemployment numbers and the income tax data he has been tracking. The difference amongst the three measures revolves around the treatment of workers who desire a real full time job, but have to either settle for a part time position and other forms of under-employment that may http://feedproxy.google.com/~r/JessesCafeAmericain/~3/kbcFF9SVq5Y/john-williams-us-unemployment-hits-225.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/kbcFF9SVq5Y" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/john-williams-us-unemployment-hits-225.htmltag:blogger.com,1999:blog-6418112515382102078.post-2026750100390074435Sun, 05 Feb 2012 15:44:00 +00002012-02-05T10:59:30.490-05:00financial corruptionfinancial reform The NY Times has discovered that the Banks that were rescued by the public have turned into serial fraud offenders. JP Morgan is near the top of their ranks, with Goldman Sachs and Bank of America not far behind.   Only Citigroup seems to have fallen out of favor. This is not news to any of the regular patrons of the Cafe, but it is good to see the mainstream media taking notice. Perhaps they http://feedproxy.google.com/~r/JessesCafeAmericain/~3/PopDBK_drR8/sec-allows-americas-biiggest-wall-st.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/PopDBK_drR8" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/sec-allows-americas-biiggest-wall-st.htmltag:blogger.com,1999:blog-6418112515382102078.post-6958363634844911474Sat, 04 Feb 2012 18:01:00 +00002012-02-04T13:17:10.980-05:00 I spend a great deal of time looking at the various government reports, and especially the Payrolls report as you know. I keep my own spreadsheets with their data, and measure various changes in the way in which they calculate the seasonal adjustment factors, imaginary jobs, and prior revisions. If I wish to leave you with one takeway, it is that the current use of the monthly headline numberhttp://feedproxy.google.com/~r/JessesCafeAmericain/~3/ZyKIDYTVyu0/charles-biderman-on-us-non-farm.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/ZyKIDYTVyu0" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/charles-biderman-on-us-non-farm.htmltag:blogger.com,1999:blog-6418112515382102078.post-5178117494806157342Sat, 04 Feb 2012 05:31:00 +00002012-02-04T13:00:02.815-05:00The White Rose It is interesting to read this now, when Europe once again considers what its shape and its future will be. And the rest of the world as well. This leaflet was written and distributed in January, 1943. Intelligent and open minded Germans could see the decline and fall coming, even while the Reich was intensifying its efforts to feed the hatred and delusion with its lies. I was always struckhttp://feedproxy.google.com/~r/JessesCafeAmericain/~3/T_BMGaoGDAY/on-70th-anniversary-of-munich-students.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/T_BMGaoGDAY" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/on-70th-anniversary-of-munich-students.htmltag:blogger.com,1999:blog-6418112515382102078.post-3421931000845953731Fri, 03 Feb 2012 21:23:00 +00002012-02-03T16:25:14.990-05:00 Bear raid on the metals intraday, with the message that piling into 'risk assets' like stocks and junk bonds was the thing to do because of the wonderful economic recovery. Nothing has changed. The band just played a lively polka, and Josef and Magda led a cheer on the financial networks. Keep an eye on Europe. That is where the rubber meets the road, or the truncheon meets the jaw, as theyhttp://feedproxy.google.com/~r/JessesCafeAmericain/~3/pQ_VS0gDi3Y/gold-daily-and-silver-weekly-charts_03.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/pQ_VS0gDi3Y" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/gold-daily-and-silver-weekly-charts_03.htmltag:blogger.com,1999:blog-6418112515382102078.post-2805841116115270098Fri, 03 Feb 2012 21:14:00 +00002012-02-03T18:12:51.829-05:00 The markets took off after the 'great' Jobs Number came out. I provided some significant intraday commentary here, and have added to it at the end of day as well, including a response to the Labor Participation Rate issue and an actual comparison of the pre and post revision numbers. The bottom line is that looking at month over month changes like this is ludicrous, and almost always in http://feedproxy.google.com/~r/JessesCafeAmericain/~3/Ilee-YKzx2k/sp-500-and-ndx-futures-daily-charts_03.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/Ilee-YKzx2k" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/sp-500-and-ndx-futures-daily-charts_03.htmltag:blogger.com,1999:blog-6418112515382102078.post-521836647182768569Fri, 03 Feb 2012 18:08:00 +00002012-02-03T13:33:43.044-05:00Great Depressionfinancial reform Here is a fairly simple picture of some of the major metrics during the Great Depression.  Too simple yes, but it tracks most of the major indicators. Hoover followed a policy of 'deleveraging,' that is, allowing for the economy to liquidate its prior excesses without changing much else. The Fed did respond to this crisis by expanding the monetary base fairly significantly as you can see. http://feedproxy.google.com/~r/JessesCafeAmericain/~3/Ep4ghoI19us/another-look-at-what-worked-in-great.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/Ep4ghoI19us" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/another-look-at-what-worked-in-great.htmltag:blogger.com,1999:blog-6418112515382102078.post-6365904726198235896Fri, 03 Feb 2012 17:32:00 +00002012-02-03T16:09:54.267-05:00Non-farm PayrollsGovernment Statistics Back in Stalinist Russia, they had whole departments of people that were responsible for rewriting history and documents in order to support the latest Party lines. When a particular person fell out of favor, for example, they not only altered the documents, but even went so far as to air brush them out of important historical photographs. Today the US reported a remarkably high Non-Farm http://feedproxy.google.com/~r/JessesCafeAmericain/~3/G7yabGM9TJU/non-farm-payrolls-report-air-brushing.htmlnoreply@blogger.com (Jesse)<img src="http://feeds.feedburner.com/~r/JessesCafeAmericain/~4/G7yabGM9TJU" height="1" width="1"/>http://jessescrossroadscafe.blogspot.com/2012/02/non-farm-payrolls-report-air-brushing.html