Archive for March, 2008
Central Banks Float Rescue Ideas: Hold on to Your Wallet
March 22nd, 2008IMF Special Drawing Rights for toxic waste mortgage backed securities? What’s described below isn’t going to happen tomorrow, but the banking elite are clearly thinking about how They can force all of us to eat this slop. In Russia, I hear there’s a saying that describes the situation with the mob at all levels of […]
Quick Note on Thursday’s Trades
March 21st, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. I took profit on my FXF (Swiss Franc ETF) trade, not so much because I believe that the current dollar rally is real, but because I want to have some dry powder on hand in case I decide to get back […]
Are Dealers Running Low on Silver?
March 21st, 2008Maybe people who are into holding physical silver can provide some reports on availability with their dealers… Via: Silver Seek: Since my email earlier tonight, where I reported that 5-6 major silver dealers (Amark, Tulving, 2 in Vancouver, my local dealer, NWT Mint) are “out of inventory”, 13 more reports came in, saying that the […]
Your Bank, a Magic 8 Ball and the Federal Government
March 21st, 2008Via: Newsweek: The Patriot Act gave the FBI new powers to snoop on suspected terrorists. In the fine print were provisions that gave the Treasury Department authority to demand more information from banks about their customers’ financial transactions. Congress wanted to help the Feds identify terrorist money launderers. But Treasury went further. It issued stringent […]
CBOT Resembles Carnival Act as Billion Dollar Black Box Operators Move In
March 21st, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. This may upset my libertarian and my commodity trader friends, at first, but I hope they hear me out. Although I’m 3/4 libertarian myself and a trader, leveraged speculation on commodities shouldn’t be allowed. Speculate on things like indexes, stocks, bonds […]
Three Large Investment Banks Tap New Fed Loans
March 20th, 2008Via: Baltimore Sun: Three of the nation’s largest investment banks said they have borrowed from a program created this week by the Federal Reserve to stimulate lending amid concern that Wall Street faced a cash shortage. “We have tested the window because we want to remove the stigma from the window,” said Morgan Stanley Chief […]
Malicious Traders in the City Try to Topple the Halifax Bank
March 20th, 2008Via: Times Online: Stock market manipulators yesterday tried to bring down one of Britain’s biggest banks by spreading false rumours through the City. The Bank of England was forced to issue an unprecedented denial that HBOS was in trouble. The Financial Services Authority (FSA) said that it would pursue traders guilty of “market abuse” by […]
Gold Correction
March 20th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. I drew a Fibonacci fan on the weekly gold chart. The fan is defined from the low on 16 August 2007 to the high on 8 November 2007. Gold has now broken down to the 50 Fibonacci fan line, exactly. Spot […]
Cryptogon Readers Send Contributions
March 20th, 2008Several generous Cryptogon readers sent contributions over the last few days. Thank you. MW $20 AS $50 JR $25 BW $20 AJ $50
Cryptogon Reader Signs Up for Hosting with Blue Host
March 20th, 2008Thanks to the owner of makomati.com for signing up for hosting with Blue Host. Cryptogon received $65!
