Dark pools & Lloyds’ shorts

Posted on October 28, 2009 by stacyherbert| 88 Comments

Stacy Summary:  I’m thinking that the crisis to end all crises will emerge from one of these ‘dark pools’

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88 Responses to Dark pools & Lloyds’ shorts

  1. Richard@lattitude30N | October 28, 2009 at 1:18 pm |

    @frances snoot: well, maybe…I pay taxes on two acres ( free and clear ) in Columbia County( that the girls inherited from their mother) and it isn’t homesteaded; and my eldest daughter, now a widow, inherited a property ( with a mortgage )here in Broward when her husband passed @ age 23…she never wanted it…and so I was covering all her bills until last December…she almost had it sold but after 10 months attempting to close, the buyer just backed out the other day and moved…when I moved last Dec. I inadverdantly included her name with her sisters and had the mail forwarded to my local PObox…well the county sent out several notices since August and she apparently didn’t read them ( or respond which is why they took umbridge) because she was about to transfer title to the buyer before they were due she really didn’t care…so now…the two together: the failed closing and the county retiring her homestead exemption has put the whammy on her…fortunately she is a RN; unfortunately I am her father and may have contributed to this increase in expense rather than reducing her financial burden…well that’s my tale of whoa today…sorry Stacy…I can only hope you see this as a microcosmic view of the bankers takeover…and the failing US economy…On a lighter note: when I was a child there was a cartoon where one group of characters wore white and delivered milk bottles on animal powered carts singing “Sunshine, Sunshine we are only seeing sunshine”… as they went….the other group wore all black and big black hats and in a solemn voice said: “we are always feeling sad… over and over again” and had these pesticide spray bottles killing everything in their path..well the two met up and went to battle…when the full milk bottles struck the dark dudes well it coated them and they began to feel happy and danced and sang….in the end the two opposing groups hugged and danced together…that’s all I remember

  3. frances snoot | October 28, 2009 at 11:17 am |

    @Richard@Lat30N:

    IT SUCKS OWNING PROPERTY IN FLORIDA.

  4. frances snoot | October 28, 2009 at 11:16 am |

    The body, of course, is in reference to the pillared colosus: the Hegelian body.

  5. frances snoot | October 28, 2009 at 11:15 am |

    Dante:
    Is the right answer that the one that was sentenced leniently committed a corporate sin while the one that was committed harshly committed a corporeal sin? One sin the sin OF the body and the other the sin AGAINST the body?

    http://www.thefreedictionary.com/corporate

    http://www.merriam-webster.com/dictionary/corporeal

  6. Dante | October 28, 2009 at 10:44 am |

    Well no one said life is fair.

    Tell me what is the difference of 1 of these guys going to jail,

    Distributor of Michael Jackson memorabilia gets prison for tax evasion

    http://tinyurl.com/ygaaq9g

    and the other getting house arrest?

    UBS Client Rubinstein Gets 12 Months House Arrest

    http://tinyurl.com/yzolbeb

  7. Richard@lattitude30N | October 28, 2009 at 10:36 am |

    2Dedo: thanx….just heard from the local county Appraiser’s office that they won’t reinstate my daughter’s homestead exemption as I included her with my mail as I moved and over the last few months she didn’t bother contacting them…so now they find she is not deserving of the reduced taxes, increased from what will be below $400 2008 rate ( not certain as they lowered the assessed value by $40,000.00 just this one year from $`114,000 )to over $1400…so instead of maybe $150.00 they want nearly $1500.00 No sir no inflation here!!!!Also I had my license suspended for 30 days…and now my auto insurance is jacked 10X the prior rate( and that is to last 3 years )…no sir just 3-6% INFLATION HERE!!!!!!!!!!waiting for the weekly food tab to go up and the price of auto fuel to skyrocket ( oil to go to $100 per barrel )…..yes sir bring on the jobless recovery….and don’t forget to raise the price of everything as we go forth……………..These are the times that try men’s souls…And I can’t even get a gun…still waiting after 4 years of being on the books to have my civil rights returned…no chance there either..oh…I’m on a list….

  8. frances snoot | October 28, 2009 at 10:13 am |

    If thou speak’st false,
    38 Upon the next tree shalt thou hang alive,
    39 Till famine cling thee; if thy speech be sooth,
    40 I care not if thou dost for me as much.
    41 I pull in resolution, and begin
    42 To doubt the equivocation of the fiend
    43 That lies like truth. “Fear not, till Birnam wood
    44 Do come to Dunsinane,” and now a wood
    45 Comes toward Dunsinane. Arm, arm, and out!
    46 If this which he avouches does appear,
    47 There is nor flying hence nor tarrying here.
    48 I gin to be aweary of the sun,
    49 And wish the estate o’ the world were now undone.
    50 Ring the alarum-bell! Blow, wind! come, wrack!
    51 At least we’ll die with harness on our back.
    Shakespeare–Macbeth

    http://www.clicknotes.com/macbeth/T55.html

  9. Dedo | October 28, 2009 at 9:59 am |

    @Frances,……Do you mean “happily ever after” ?

  10. frances snoot | October 28, 2009 at 9:53 am |

    Dedo:
    The gods blow the wind and man’s hubris is to believe it is for his benefit.

  11. Dedo | October 28, 2009 at 9:45 am |

    @Frances and Richard,..BTW, you’ve both bin on a roll today,.I’ve really enjoyed your posts,.thanks!

  12. Dedo | October 28, 2009 at 9:43 am |

    @Richard,..don’t kid yourself, I know plenty of financial whizz kids who haven’t got a clue, the machinations of the world of the “Real”
    It’s called “compartmentalization” so they say,..or was that Mary Poppins,.

  13. frances snoot | October 28, 2009 at 9:39 am |

    @Richard@Lat30N:
    WE are lazy and accept the pricing system and dream dreams of riches when the price itself is a mask of deception. WE are parasites of the currency of our birth and question everything except our need to faciliate a belonging, a succour, to the dollar. WE claim patriotic links to portraits of long-dead White Men hung in a White House and hung for the exacting purpose of our future enslavement.

    WE are victims by our own hands.

  14. Richard@lattitude30N | October 28, 2009 at 9:37 am |

    @frances snoot: thanx..don’t need Joshua’ s Horn as yet as long as we have Max and others on the airwaves….

  15. Richard@lattitude30N | October 28, 2009 at 9:34 am |

    @frances snoot: you are hitting on all cylinders…if we mere bloggers and amateurs see the fraud and manipulation in every aspect of the financial sector…what are the institutional investors seeing??? Is it in their best interest to remain silent and allow the bonuses and transaction fees to continue??? If the TBTF banks and others ( FANNIE, FREDDIE, AIG, GMAC, GE , Chrysler/Cerberus, Hedge Funds,etc..) were allowed to continue and the rest of us are relegated to pay ever increasing fees, fines and taxes…at this level of the economy when will teh nearly elite cry out they are being harmed???throw a dog a bone then becomes the pay raise of tomorrow….or the bone will not suffice and the pain and anguish will open the floodgate of a new round of opposition when the TBTF banks request another round of stimulus in the early Spring 2010 after the retail sales numbers reflect another lackluster Xmas season….

  16. Dante | October 28, 2009 at 9:29 am |

    For anyone that knows someone that is getting a home loan modification, I have a real estate friend in new jersey that just text messaged me he was at a short sale seminar with Wells Fargo.
    Although he’s an agent he’s also seeking modification of a loan.
    The rep stated that THEIR policy was that once they rejected a Loan Mod , that they wouldn’t consider it again….

    Also, the reason it takes so long is that the investor of the mortgage actually has to approve the loan mod

    He said that he has a feeling that ALL of this is bullshit and he is going to get denied in the end. (He has been in program since inception)

    It was ****king scary listening to this Rep

    This whole HAMP program is a stall tactic to stop the flood of
    properties from hitting the market

    So basically the modus operandi here is to fake assistance for the (m) asses.

  17. frances snoot | October 28, 2009 at 9:26 am |

    http://www.daniellesplace.com/html/bible_themes_-_Joshua.html

    Richard: If you scroll down Joshua’s Lesson they have free download for Joshua’s horn! Will it get god’s attention?

  18. frances snoot | October 28, 2009 at 9:21 am |

    Why does everyone assume a collapse of the Comex market would result in a “true gold price”? Isn’t the manipulated pricing of gold through etf trades what MotherEarth meant by her assertion that gold is divorced from dollar pricing: the dollar pricing being an effect of gambling gold paper? And if there is a false reporting of volume by the HBSC, and it is tolerated, then the gold market belongs to the same people who have orchestrated the dollar collapse. How tidy.

    It is not a trust in gold that one must cultivate but a tolerance for fraud and a hope in the ‘good hands’ of the Bank of New York Mellon and HSBC. Oh and SEC, don’t forget SEC!

  19. frances snoot | October 28, 2009 at 9:14 am |

    @Richard:
    Does the price of physical gold reflect the level of activity in the ETF market? Is that the GATA message? If so, then manipulation is certain. And the manipulation, one could posit, is the REASON for the inflated price of gold.

  20. Richard@lattitude30N | October 28, 2009 at 8:59 am |

    @frances snoot: ok …thanx for the chart..as I said..gold was @ $850 sometime last January before the 15th….with GATA in direct communication with the Chinese finance officials and along with the FED audit..and a yearly call for an audit of Ft. Knox; and the building of a repository @ Hong Kong Airport and the notice that British gold doesn’t meet standards( while Brown puts the British Mint on the block )…well even the added newly mined gold reserves doesn’t mean they can answer whether all the physical gold matches the ETF amounts…that is the scandal that can be decoded faster than the derivative off books amounts or the numerous foreclosures that remain off books, or the need for GMAC to acquire yet another bailout for defaulted auto loans…and I am looking for the one element to awaken even the astute institutional investors that the system is so broken…that someone somewhere will cry out loud enough that the fixers are the problem( and have been all along )…I am reminded of the Wigand testimony that CBS nearly refused to air because they were in a takeover battle at the time and one of the players was a Tobacco company…Once again ethics be damned someone other than former SEC head Arthur Levitt has to rise up and offer not another mea culpa but an admission of fraud…Max keep blasting away on the airwaves…Joshua’s horn at Jericho might be needed….

  22. Richard@lattitude30N | October 28, 2009 at 8:39 am |

    Super WOW…just went outside and yes I can see a contrail headed atmospheric….there goes more of the O2 in the air…folks next stop..the ISS, the moon, Mars and beyond. Just kidding

  23. frances snoot | October 28, 2009 at 8:37 am |

    The difference, Richard, is that Alex calls himself the guardian index of TRUTH and refuses to listen to any theories or assertions outside his narrow corridor while the bat man is only pissed off and destroying things for his viewers and his own mutual enjoyment. One is dogmatic the other dog-gone funny. I find dogma a bore.

  24. Richard@lattitude30N | October 28, 2009 at 8:31 am |

    WOW..Livestation just alerted me that the NASA rocket is about to launch and click WATCH…t minus 1 minute……maybe they’ll alert me when the UFOs come to earth to collect me HA!!!!

  25. Richard@lattitude30N | October 28, 2009 at 8:27 am |

    @frances snoot: no not necessarily….the blog was posted last January…I am not certain..would have to refer to the annual chart ..but as Stacy points out the January 2010 date is inaccurate on my part…yet the reminder that China has already signaled it is ready to buy the gold may forecast the price later on in 2010…Regardless, as I have stated before, gold is way too political..and I remain in the silver camp for now

  26. Richard@lattitude30N | October 28, 2009 at 8:20 am |

    http://www.youtube.com/watch?v=KWu-efNN8PM

    I just realized why I like this guy so much…put a AJ mask on him…and Stacy: one that protects him from the chemicals/fumes.
    Isn’t that the “bull dog” attitude we associate with AJ..even though he is by far a very personable and educated/informed person??? But it’s his upbringing…far from Larchmont, NY; and his seemingly redneck expressions( presentation??) that offend some folks…even though his it the focus of a rather broadbased truth/pro-constitutionalist movement??

  27. TJ | October 28, 2009 at 8:17 am |

    Yup, that toxic dust is nearly as dangerous as GMO food.

  28. frances snoot | October 28, 2009 at 8:16 am |

    @Richard@Lat30N:

    Could the fact that the IMF says in their documents that the price of 850$ is necessary to support their crack-dealing to the poor countries stand as a “put” under gold until the program is completed?

  29. stacyherbert | October 28, 2009 at 8:15 am |

    @Richard@lattitude30N – no, the annual gold sale agreement year runs from end of september so you won’t know until next August whether the entire annual 500 tonne limit has been reached or not; in the last few years of the previous agreement the total 500 allowable was not met . . . China has already announced that they are in the market for the 400 tonnes

  30. Richard@lattitude30N | October 28, 2009 at 8:10 am |

    http://www.imf.org/external/pubs/ft/survey/so/2009/POL091809A.htm

    Ok let me get this straight..last August the IMF authorized 400 tonnes per year ( and offered 403.5 tonnnes ) to total 2000 tonnes in 5 years…well January 1st is just around the corner for another potential 400 tonne distribution…get ready…it is another way to further manipulate the gold market…and when to books show a lack of actual physical gold to back ETF numbers…there you go..a little into the future..but, somehow the physical gold will become redistributed incrimentally to the “right” people/governments

  31. stacyherbert | October 28, 2009 at 8:10 am |

    @TJ – yes, I want to advise him to start wearing a mask when he does that as I am sure in five or ten years time he will regret not having done so . . . do you see the toxic clouds of chemicals and metals in the air when he really gets going?

  32. frances snoot | October 28, 2009 at 8:04 am |

    TJ! I LOVE BASEBALL BAT MAN!!!

  33. TJ | October 28, 2009 at 7:59 am |

    Boring Boring Boring zzzzzzzzzzzzzzzzzzzzzz

    It’s time you chaps met my fy nanshal advisor.

    Maybe Max will invite him on OTE

    http://www.youtube.com/watch?v=KWu-efNN8PM

  34. Dante | October 28, 2009 at 7:47 am |

    They took street level crime and as Emeril says “kicked it up a notch” to the penthouse offices.
    Busting Out The Joint
    “Just like in GoodFellas, the gangsters have busted out the joint, and now there’s nothing left of what used to be a fine establishment.

    I remember quite clearly walking home in 1990 after seeing “GoodFellas” and wondering why such obviously clever people as the gangsters portrayed in the movie would resort to crime to get ahead. Why not just apply that cunning to legitimate work, and make a legitimate living—even a legitimate profit.

    Now I know where all the gangsters went: They went to Wall Street.

    http://www.zerohedge.com/article/guest-post-busting-out-joint

  35. alister | October 28, 2009 at 7:46 am |

    This is a very good lecture calmly explaining some important details, delivered by a quite venerable citizen of Australia. It is long and serious.

    http://www.vimeo.com/7162665

  36. dan valley | October 28, 2009 at 7:44 am |

    Why is the Trey Grayson campaign stalking Dr. Rand Paul?

    http://www.youtube.com/watch?v=Yj3emi1GlgQ&feature=player_embedded

  37. stacyherbert | October 28, 2009 at 7:43 am |

    @ItalicBold – bah, my Mac is censoring me at the moment . . . the motherboard crashed! luckily I have apple care, it’s being replaced now

  38. frances snoot | October 28, 2009 at 7:42 am |

    “Windfall profits would derive from gold sales at an average price in excess of $850 per ounce—that is the price assumed in the new income model as necessary to fund the model.”

  39. ItalicBold | October 28, 2009 at 7:39 am |

    http://www.ft.com/cms/s/0/dbc22bfe-aa02-11de-a3ce-00144feabdc0.html

    Wow, what a great way to censor the internet. Watch out Max, they may decide your site is not fit for family viewing!

  41. frances snoot | October 28, 2009 at 7:35 am |

    (well, not recent, interesting that the coots did it before) here’s now:

    http://www.imf.org/external/pubs/ft/survey/so/2009/POL091809A.htm

  42. dan valley | October 28, 2009 at 7:34 am |

    Gold to Rise to $2,000 Amid ‘Massive’ Inflation, Superfund Says

    http://www.bloomberg.com/apps/news?pid=20601082&sid=aIGhSsRwtkoE

  43. frances snoot | October 28, 2009 at 7:31 am |

    “But over the course of the past year, many are beginning to question this reputation as the fund has shied away from its classic tightening policies to a number of more expansive stimulus policies that have provided for the input of an increasing number of countries in the decision-making process.”

    I don’t think the schoolteacher in the Ukraine are wondering whatzup. They know what is going on:

    http://online.wsj.com/article/BT-CO-20091027-719950.html

    And the IMF is currently manipulating gold to serve as interest on their f*cking loans:

    “The contributions by the IMF amount to SDR 2.4 billion (“as needed”), and of this amount, the bulk of the financing comes from off-market gold transactions, which amount to up to 14 million ounces of gold.”

    http://www.imf.org/external/np/tr/1999/tr990927.htm

  44. frances snoot | October 28, 2009 at 7:24 am |

    “Criticism of the organization has ranged from conspiracy theories holding that the organization is a sinister neo-colonialist tool used by a few Western countries to keep the poor down and make the rich richer”

    You don’t say?! Unfair rhetoric: down with the peasants!?

  45. frances snoot | October 28, 2009 at 7:20 am |

    Dedo:

    ” Two Central Banks tried to assist including the Bank of England but the Bank of England’s gold bars did not meet industry standards.”

    Either that is a pathetic truth or a pathetic lie.

  46. Dedo | October 28, 2009 at 7:19 am |

    Oh oh,..I’ve just got to share this one,.
    http://www.sundayszaman.com/sunday/detaylar.do?load=detay&link=188832&bolum=106
    Love how they deflect their real agenda with the ole “conspiracy theory” rhetoric,..priceless!!

  47. frances snoot | October 28, 2009 at 7:19 am |

    @Dedo:

    Maybe somebody naked shorted suit contracts, and the minions grabbed all available suits to fulfill the obligation. The Emperor decided a la buff was fancy free and has been prancing about ever since.

    Are you interested in gold? Here’s an amazing dialogue:

    https://www.kitcomm.com/archive/index.php?t-32655.html

  48. Richard@lattitude30N | October 28, 2009 at 7:17 am |

    @Mongo; I was asked by the AOCS officer just after I purchased silver @ $16.46( last Sept ) from him whether I thought that it might go to $15.00….I said YES…yet my inquiry had to do with the accounting after each quarter ( next one of course 12/31 ) when it might appear again that the numbers don’t line up with physical gold on account and the vast ETFs….as for silver well that’s another matter even though it generally follows the fluctuations in gold….I believe that I am understanding silver as a currency yet to be exploited..and even though it is an industrial metal as well…that is the area I find inviting and so I became a currency officer to promote an alternative structure to the fiat based economy recently

  49. Mother earth | October 28, 2009 at 7:17 am |

    Transparency is bad for conartists..

  50. WL | October 28, 2009 at 7:13 am |

    BREAKING NEWS

    Irish Cut Beer Prices After Left ‘High and Dry’ by Pound Slide

    http://www.bloomberg.com/apps/news?pid=20601109&sid=aHiNwJTXCNvU

  51. PatrickEA | October 28, 2009 at 7:12 am |

    It will be a Grey Swan event. Predictable but unexpected.

  52. Dedo | October 28, 2009 at 7:11 am |

    @Frances,..Don’t be silly, even though the emperor has no clothes, all he has to do is point his guards in the direction of the slaves, and hey presto!,..brand new suit,. works every time,..or is that anytime,.hmm

  53. Mongo | October 28, 2009 at 7:08 am |

    Ah.. with the dollar rally silver will probably go down for a while to.. look ad BDY!.. also going down, should mean (perhaps not for silver though) that demand is going down.

    If silver goes below $14 then its a BUY BUY!

  54. frances snoot | October 28, 2009 at 6:56 am |

    What the f*ck?

    ” Two Central Banks tried to assist including the Bank of England but the Bank of England’s gold bars did not meet industry standards.”

    Jolly ole England!

  55. frances snoot | October 28, 2009 at 6:53 am |

    Richard:
    Naked shorting is shorting a contract on a commodity you know doesn’t exist. The shorts were called by the Asians and drove up the gold price. It’s a game.

    http://www.pinnacledigest.com/blog/frank-tabbert/emperor-banks-has-no-clothes-im-talking-naked-shorts

    The HSBC can call any contracts it wants and no one checks.

  56. Richard@lattitude30N | October 28, 2009 at 6:52 am |

    @frances snoot: Yes that’s a clue…

    http://seekingalpha.com/article/128092-where-does-the-gold-etf-get-its-gold

    folks might deduce that just maybe HSBC should be audited or at best a FOIA inquiry if that is permissible in private institutions… to uncover the data…but even Congress is attempting to audit the FED..and we might ask: to what avail…which auditor would actually know where to look after 50+ years without an audit…Remember C.A.Fitts when @ HUD asked for the books and was told that it was not in her pay grade..or that the accountants reported to another Ass’t. Secr…….so cook the books, hide the entrails, hell that one ( FED audit ) could take years…and the one from HSBC might take longer…to track the ETF gold deliveries ( or determine whether the transactions are legitimate )

  57. frances snoot | October 28, 2009 at 6:47 am |

    “ETFS Services USA LLC is the sponsor of the Trust (“Sponsor”), The Bank of New
    York Mellon is the trustee of the Trust (“Trustee”)10, and HSBC Bank USA, N.A. is the custodian of the Trust (“Custodian”).11″

    http://www.sec.gov/rules/sro/nysearca/2009/34-59895.pdf

    cool. no, not cool.

  58. Bonn | October 28, 2009 at 6:44 am |

    And the worst part is these white collar criminals dont Die they fuckin live till they are 100
    At Least Alexander died at 33 after messing up peoples lives for a shortlived 20 odd years

  59. frances snoot | October 28, 2009 at 6:43 am |

    HSBC is the backbone of the paper gold market???

    Get me a glass of water!

  60. Richard@lattitude30N | October 28, 2009 at 6:42 am |

    @frances snoot: ok…naked short selling…feel better

  61. frances snoot | October 28, 2009 at 6:42 am |

    This guy says it is like e-verify going through HSBC bank: (the paper trades)

    http://seekingalpha.com/article/128092-where-does-the-gold-etf-get-its-gold

  62. Richard@lattitude30N | October 28, 2009 at 6:41 am |

    @frances snoot: “welfare cheeeese”..oh yes remember the US commodities well…my neighbor actually carried the 5 lb. blocks to the neighborhood Winn-DIxie to have them slice it on their machine…Was I supposed to have been online to respond to your salisbury steak offer???

  63. frances snoot | October 28, 2009 at 6:38 am |

    Naked shorting?

  64. Richard@lattitude30N | October 28, 2009 at 6:36 am |

    @frances snoot: “leverage a strategic metal”….I might have written that as a reference to the inequality between the amount of actual physical gold to the amount of ETFs traded globally…maybe that’s not leveraging…but what should I have called it:FRAUD?!!

  65. frances snoot | October 28, 2009 at 6:34 am |

    RICHARD THAT WAS MY REPLACEMENT FOR LUNCH LADY. Times is a bit rough in America: you know that! If YOU had bought that salisbury steak….I wouldn’t be living on welfare cheeeeeeeese.

  66. larrymagicpony | October 28, 2009 at 6:34 am |

    @dedo ,it’s in french , [i don't speak a word of french but sometimes it is better when you don't speak the language ], you can just enjoy it a bit more [ its' Dumas' the French like to name their bands after writers , artists etc ] i am signing off ,good luck ! snoot & jim keep writing ! ciao !

  67. frances snoot | October 28, 2009 at 6:33 am |

    “Is it appropriate to leverage a strategic metal?”

    @Richard@Lat30N:

    Huh?

  68. Mother earth | October 28, 2009 at 6:31 am |

    All trade actions that are executed with leverage or a delay should be banned. You can do flasharbitrage, but you can’t resolve atrade instantly? That does not make any sense.

  69. Richard@lattitude30N | October 28, 2009 at 6:28 am |

    @frances snoot: wow!! are you a Megan Fox look-a-like???? just kidding…this photobucket stuff could get risque….maybe Stacy needs to set the guidelines again ( JJ column etc..)..children may be watching my dear…HA!!!

  70. Dedo | October 28, 2009 at 6:26 am |

    @larry,..what was that song about, I don’t speak Spanish?

  71. Richard@lattitude30N | October 28, 2009 at 6:25 am |

    I have been accumulating the rhetoric surrounding GS and the various statements and comments coming from their spokespeople and journalists…and it appears that underneath the surface the GS insiders are well aware that they have bambuzzled the average every investors( it’s the institutional investors who have strict fiduciary requirements; that makes me wonder what are they thinking? )…and don’t find it unusual to tell them that in very few words…to permit the Dark Pools and the Inequality of income( bonuses ), and the HFT( provided a government authored program as well ), and the naked short selling, and the volatility near the end of each trading day, and the continuance of offshore banking and non-regulated hedge funds, and a national and global Central Banking System compliant to the members wishes( including the BIS, IMF, World Bank , IM-EX Bank, the OED, the many Clearinhouses and the Swiss numbered accounts, and the placement of so many former GS execs in high government positions( in particular: why no inquiry into Mr. Hormatz’ position within the State Dept.>>>>was it to keep an eye on Hil perhaps??? Her escapade in Africa recently seemed as though she was waylayed to a distant shore for a period of time while others carried water for GS )…no need to name the other GS alumni in and out of both Washington and NYC inner circles…How is it that the term “captured” doesn’t resonate ????? as in WS ( and GS in particular) has captured DC??? Was there an invasion and no one saw the boats approaching??? I asked Phil to compile a chart showing how the gold ETF and other paper gold entities far outnumber any physical gold…shouldn’t that alone be scandalous??? Is it appropriate to leverage a strategic metal??? In the past the title of a book I read once was : None Dare Call it Conspiracy…..but today it might be None Dare Call it Treason!!!!!!!!!!!!

  73. frances snoot | October 28, 2009 at 6:17 am |

    oops, wrong thread. Well, never mind. Megan’s never a bad link.

  74. frances snoot | October 28, 2009 at 6:15 am |

    Here’s my replacement:

    http://i41.photobucket.com/albums/e257/mudburn/meganFox.jpg

    Sigh. What IS the world coming to, Dedo?

  75. Dante | October 28, 2009 at 6:09 am |

    Even the poor kitties can’t get a break from Goldman.
    Editorial

    Let us apologize for Goldman Sachs
    Before we get to the multibillion-dollar stuff, we’d first like to apologize that the firm has not yet paid a few thousand dollars of vet bills for the five kittens born in its headquarters building nearing completion in Battery Park City. In August, after our sister publication Downtown Express reported the kittens’ discovery, Goldman offered to pay the bills and encourage its employees to adopt the “BlackBerries.”

    It may be just a matter of Goldman waiting to get the vet invoices — we can’t imagine they’d stiff kittens while writing out bonus checks worth $23 billion — but the cats still need adoptive homes.

    http://www.newdeal20.org/?p=5706

    http://thevillager.com/villager_338/editorial.html

  76. Phil | October 28, 2009 at 6:07 am |

    @Bonn .. Puts and Shorts

    Both “paper” money …your Bangalore investment is probably infinitely better.

  77. Joe | October 28, 2009 at 6:01 am |

    Matt Taibbi – Taibblog – The peasant mentality lives on in America – True/Slant http://bit.ly/bF9gH

  78. Vagabond | October 28, 2009 at 6:00 am |

    If the weakness in the pound sterling was to turn into a rout at some point in the future what would that do to the price of gold, commodity etfs (which are priced in $)? Would they sky rocket or would there be something else which would keep the pricies in check?

  79. Dante | October 28, 2009 at 5:59 am |

    If you read the comments in the Taibbi article you’ll find some interesting ones. I think this comment should be looked into:

    “2:09 pm on 10/27/09
    petey
    petey

    Matt, keep digging on this issue. The rational they use to justify these Dark Pools is entirely false. Dark Pools allow for someone to trade securities while against other traders while being able to see their hand (short term trading is a zero-sum game). Instead of enhancing liquidity, it allows these guys to create arbitrage opportunities providing guaranteed profits by having an outside market to trade against.

    Another thing to look into…their relationship w/ Spear, Leeds & Kellogg. People have been speculating for years that this relationship allows them to trade against other accounts, squeeze hurting shorts, and use buying information to help their prop accounts. Chinese wall my ass…”

  80. Mike2liverpool | October 28, 2009 at 5:48 am |

    Where is the inflation?
    Mike

  81. Bonn | October 28, 2009 at 5:46 am |

    @ Phil
    i forget which ones which ?
    Puts are ? and short are ?
    I personally have invested in Land in Bangalore plus i might just inherit a lotta money if that happens i aint never gonna ever assoiciate or look at the NEWS ever again Just gonna play Golf whole Day. I personally hate technology though i am a Computer Science Grad and Swim n exersise

  83. Phil | October 28, 2009 at 5:34 am |

    @Bonn … So is Lloyds going Under ???? i wish i knew how to make money out of it if so.

    As Max says .. there is no real price-finding in the markets.

    If you could trust these markets, you would buy Puts on WFC, BAC for starters , or go short.

    But No … on this news, LLoyds will probably go UP 25% !

  84. Bonn | October 28, 2009 at 5:31 am |

    n i aint greedy i just want 4 houses in India namely Bangalore and wanna Play golf all day i dont need a private jet :-)

  85. Bonn | October 28, 2009 at 5:28 am |

    ROFL PMSL- ” Goldman argues that openness & transparency creates bad prices (Taibbi) ”
    i am 33 crap i wish i Joined the Banking Industry and crap one of my classmates Father was the Head Of SBI Bank in India shoulda done comerce graduated in 97 and joined these lunatics woulda been retired by now in the Bahamas

  86. Bonn | October 28, 2009 at 5:24 am |

    @ Staceyherbert @Max

    So is Lloyds going Under ????
    :-( i wish i knew how to make money out of it if so.

  87. Mini US | October 28, 2009 at 5:17 am |

    This guy is good.

    He talks about Options Expiry this week and what the manipulation will be doing.

    He mentions that Gold will head down towards 1030 – It just bounced of 1030 – Interesting.

    http://www.youtube.com/user/stellaconcepts#p/u/0/aVlF2LjpmY4

  88. Supergeek | October 28, 2009 at 5:16 am |

    @y’all
    Having Fun on the ONE!!!