CFTC to Probe Speculator Role in Commodity Prices

With the Dollar in Turmoil, Two Debates on Gold Captivate Manhattan

From the NY Sun:

NEW YORK — The double-header may be an endangered species in baseball, but a double-header of a different sort last night swept Manhattan, where nearly 1,000 people swarmed into an auditorium on the Upper West Side to hear luminaries debate the question of the gold standard and across town a packed auditorium heard a billionaire investor liken fiat paper currencies, including America’s, to toilet paper.....read on

Is Increasing Prosperity Illusory Wealth?

Silver Mania?

Max Keiser on Greek TV

Greece to abandon the Euro?

From Spiegel Online:

The debt crisis in Greece has taken on a dramatic new twist. Sources with information about the government's actions have informed SPIEGEL ONLINE that Athens is considering withdrawing from the euro zone. The common currency area's finance ministers and representatives of the European Commission are holding a secret crisis meeting in Luxembourg on Friday night.
Info

Greece's economic problems are massive, with protests against the government being held almost daily. Now Prime Minister George Papandreou apparently feels he has no other option: SPIEGEL ONLINE has obtained information from German government sources knowledgeable of the situation in Athens indicating that Papandreou's government is considering abandoning the euro and reintroducing its own currency.

Alarmed by Athens' intentions, the European Commission has called a crisis meeting in Luxembourg on Friday night......read on

Weekend chillout

Well what an event packed week that was. This week I thought I would draw inspiration from the action in the Gold, Silver and US$ markets. Just because Tim is dead and the US$ is having a dead terrorist bounce it doesn't mean the war between paper and metal is over, far from it. My favourite Kiwi band of all time sum up the situation quite well.

Crowed House ~ Don't Dream its Over

There is freedom within
there is freedom without
Try to catch a deluge in a paper cup
There's a battle ahead
many battles are lost
But you'll never see the end of the road
While you're traveling with me

Now I'm walking again
to the beat of a drum
And I'm counting the steps to the door of your heart
Only shadows ahead
barely clearing the roof
Get to know the feeling of liberation and relief

Hey now, Hey now
Don't dream it's over
Hey now, Hey now
When the world comes in
They come, they come
To build a wall between us
You know they won't win

Don't let them win
Hey now, Hey now

and live in 2010:

Mohamed El-Erian, CEO of Pimco on Bin Laden, QE & Treasuries

Hyperinflation coming to the USA?

BTFD moment with Jeff Neilson