Sunday, September 25, 2011
Protesters arrested in anti-Wall Street rally
The organiser of the demonstration, a group calling itself "Occupy Wall Street", used social media to call for peaceful protests against what they describe as corporate greed in America.
They had hoped to turn the sit-in into an American version of Tahrir Square - a reference to the centre of the largely peaceful uprising in Egypt - before they say the police cracked down.
Are we IMF'D?
With the eurozone
debt crisis continuing and persistent high unemployment plaguing the US,
much of the world is believed to be spiraling towards recession. While
global growth is expected to stall, can the International Monetary Fund
offer any solutions to this worldwide crisis? Or is the very institution
actually part of the problem? Paul Craig Roberts, columnist and former
Reagan administration official, explains to RT's Lauren Lyster.
Multi-trillion plan to save the eurozone being prepared
From the UK Telegraph:German and French authorities have begun work on a three-pronged strategy behind the scenes amid escalating fears that the eurozone’s sovereign debt crisis is spiralling out of control.
Their aim is to build a “firebreak” around Greece, Portugal and Ireland to prevent the crisis spreading to Italy and Spain, countries considered “too big to bail”.
According to sources, progress has been made at the G20 meeting in Washington, where global leaders piled pressure on the eurozone to fix its problems before plunging the world back into recession. In a G20 communique issued on Friday, the world’s leading economies set themselves a six-week deadline to resolve the crisis – to unveil a solution by the G20 summit in Cannes on November 4......read on
From: | Sep 25, 2011
Case Closed: CME Hikes Gold, Silver, Copper Margins
Sorry for being a slow on posting the story of the CME margin hikes, I do occasionally have to sleep, although by the timings of some of my posts many may wonder when.
Unlike most CME margin hikes, whilst suspect, could be argued they were in reaction to sharply rising prices in gold or silver but these particular hikes are against a back drop of a few weeks of flat prices, then of course plunging prices as those in the know got a whiff of the coming hikes seem particularly manipulative to the downside.
From Zerohedge:
And there you have it: CME just hiked gold margins by 21%, silver by 16% and copper by 18%. Mystery solved.
To paraphrase Monty Python looking at the 10 year graphs vs. the last two days moves in gold and silver...."Tis but a scratch"
From the movie The Holy Grail
Black Knight: I move for no man.
Arthur: So be it! (Arthur cuts off the Black Knight's left arm).
Arthur: Now stand aside, worthy adversary.
Black Knight: 'Tis but a scratch.
Arthur: A scratch? Your arm's off!
Black Knight: No, it isn't.
Arthur: Well, what's that then?
Black Knight: I've had worse.
Unlike most CME margin hikes, whilst suspect, could be argued they were in reaction to sharply rising prices in gold or silver but these particular hikes are against a back drop of a few weeks of flat prices, then of course plunging prices as those in the know got a whiff of the coming hikes seem particularly manipulative to the downside.
From Zerohedge:
And there you have it: CME just hiked gold margins by 21%, silver by 16% and copper by 18%. Mystery solved.
But taking a long term view the 10 year trend is still your best friend:
To paraphrase Monty Python looking at the 10 year graphs vs. the last two days moves in gold and silver...."Tis but a scratch"
From the movie The Holy Grail
Black Knight: I move for no man.
Arthur: So be it! (Arthur cuts off the Black Knight's left arm).
Arthur: Now stand aside, worthy adversary.
Black Knight: 'Tis but a scratch.
Arthur: A scratch? Your arm's off!
Black Knight: No, it isn't.
Arthur: Well, what's that then?
Black Knight: I've had worse.
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