Why gold is suddenly trading at incredible volumes. This image of Comex gold sales volumes is from Kitco.com. It is part of a technical analysis chart service. As I've noted before, I am clueless over most of the "technical" precious metals analysis techniques, but this caught my eye because it is such a divergence from the norm (click to enlarge) -
Is this good or bad? I dunno. Seems odd, though... You can see the technical charts each day by going to this site, and clicking Gold2 at the bottom of the page. Silver2 and Platinum2 will give you similar data, but for those metals.
As noted in the last post, the SEC is now exempt from Freedom of Information Act requests. In scanning all of the major online news services, I am unable to find a single article on this subject written since early this week.
Why isn't the press in general going bat dung crazy over this? Not just the financial press, but ALL of the press. Don't they see this as setting a precedence that when one government agency gets granted super-secret cloaking powers, other agencies are likely to jump on the bandwagon?
Seriously, all of the American press should be rioting over this. Yet they're quiet as church mice. Why dat?
Bloomberg financial press is unable to find the resources to report on the SEC getting granted secrecy powers, but they DO find the resources to write a story about the wife of an ex-employee of the NY Mets baseball team -
The owners of the New York Mets should be responsible for reimbursing more than $16 million in pension benefits invested on behalf of their workers in Bernard Madoff’s Ponzi scheme, according to a lawsuit filed by the widow of an employee.It sucks to be this woman, but does it justify an article in Bloombergs? Really? Maybe they could do a hard-hitting story about how the lady's pet poodle has been forced to eat canned dog food as a part of their forced austerity plan.
Elyse S. Goldweber, the beneficiary of her late husband’s 401(k) plan, filed suit yesterday against Sterling Equities Inc., which owns the Major League Baseball team, in the U.S. District Court in Manhattan. The lawsuit, which also named Mets Chief Executive Officer Fred Wilpon, said most of the couple’s $280,420 retirement fund was “wiped out.”
Hey wait a minute. Isn't the SEC the governmental agency that was given detailed information about the Bernie Madoff scheme WAY before it blew up? Hmmmm. I wonder if they would have had to disclose their incompetence if this story broke today...
Why doesn't Arizona just tell the federal government to "shove it" and take matters into their own hands? They passed a law, go ahead and enforce it.
What will the feds do? Arrest the whole state? Perhaps the whole executive office of the state government?
Go ahead, punk. Make my day...
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