• CFTC charges 3 firms with oil price manipulation

“. . . two young women were recently spotted exiting their local silver dealer. When asked why they were purchasing silver they responded, “Definitely it has been the Keiser Report. While Max may think that we made our purchase because of his adorable puppy dog eyes, our true hero is Stacy. She is truly our inspiration. Stacy is our personal SLA superhero and we’re investing in our future and dumping our useless fiat paper currency while we can…”

PROZZAK

• Russell – Expect $5,000 as US Has to Back Currency With Gold

• P/C Insurers Facing Record Losses from Weather

• Irish climber dies on Mount Everest

On a sunny day in Dublin a few years ago I sat down with John Delaney in a park outside the offices of his company InTrade. He shared with me his philosophy of life and his love of mountain climbing. His passion for the sport was so intense it seemed to fuse together with his spiritual and temporal beliefs to create a confidence of purpose that I had never witnessed in anyone before. Equally present in those piercing eyes, as sharp and focused as the eagles he shared the stratosphere with, was the hint of an acceptance and resignation of a test yet to come: Everest. He spoke the name in hushed tones but with such reverence I could almost see the peak myself rising before us from the black asphalt; a pool of shadows at our feet that could have swallowed us in the reflection of a dream that reached so incredibly high the sky itself preferred to sleep.

Rest in peace John on your starry perch. We down below can only dream our dreams that will forever be out of reach, while you far above shall be for eternity in the icy palm of yours.

• European Central Bank Governing Council member Christian Noyer ruled out a restructuring of Greece’s debt, calling it a “horror story” that would leave the nation shut out of financing for years.

Douchebag: Christian Noyer

• Embry – Silver Market Extraordinarily Tight, Look for $125

“But I think the most interesting comment [Max Keiser] said was, ‘You know in the long-term this move in silver will look like the blip in the ’87 stock market crash.’ Then, as you know, they killed it (stocks) in ’87 and the stock market proceeded to go up 5 or 6 fold. I think silver will do exactly the same thing. It’s irritating if you’re long on margin because you are going to get kicked out of the position, but if you know the game, it was just another opportunity to get some cheap silver.”

Hey Max,

You and Stacy need to cover this pronto! Tomorrow at 6 in the afternoon, a Tahrir Square and Puerta del Sol type gathering is happening in Constitution square. I guess it took the Spanish getting us riled up with their: “Quiet, careful not to wake the sleeping Greeks.” GIABO finally seems to be arriving here in Greece. I don’t want to get anyone’s hopes up in the fear that it may just be a brief firework, but thousands of people have already signed up through facebook.

Keep up the good work,
Mike

• $35 Billion In 2 Year Treasurys Price As Primary Dealers Take Down Half, More Retirement Funds Squeezed To Make Room Under Ceiling

• Is silver set for another run-up?

FLASHBACK!

• Schiff warns of NIA ‘pump and dump’ penny stock scam: the return of notorious Jonathan Lebed

Stacy Summary: We’ve obtained this exclusive footage of a Goldman Sachs banker churning its clients who were last month told to sell commodities and are now being told to buy those commodities back. Ca-ching! Buy! Ca-ching! Sell! Ca-ching!

• Strauss-Kahn Case May Curb Libertine Ways of France’s Powerful

“Droit de cuissage,” a feudal practice giving masters the right to have sex with female servants.