The Fed

September 3, 2009

July 17, 2009

  • Don't Overestimate Gensler & "Position Limits" on Gold and Silver

    Mr. Gensler feels the need to impose position limits because he's worried that the Chinese or the Russkies might swoop in to the Crimex metal pits, buy a lot of contracts, and request actual physical delivery. This would ruin the game for Gensler's Wall Street buddies. (The darn Asians might even object to the hokey ETF physical delivery and do something unkind like sue for specific performance.) So Da Boyz have to move out in front of this problem and change the rules pre-emptively.

March 3, 2009

February 3, 2009

January 27, 2009

October 21, 2008

September 17, 2008

  • Breaking News: Lehman To Be Acquired by Tooth Fairy

    I can't improve on the sentiments of this one from www.321gold.com:
    Author - Anonymous
    Posted Sep 16, 2008
    The market responded with enthusiasm to reports that the Tooth Fairy has agreed to acquire Lehman. (…)

August 26, 2008

  • Blind Pigs and Jim Cramer

    Dear fellow investor:
    I'm not a fan of Jim Cramer on CNBC…I figure he's a high priced shill
    - to get you trading.
    However, even a blind pig gets an acorn once in a while. (…)

March 17, 2007

October 11, 2006

April 29, 2006

  • Odious to Bernanke

    The Columbia Biz School students have been busy parodying our new Fed Thief.
    The link is below. (…)

March 27, 2006

  • How Many Confessions Do You Need?

    The following public comments and quotes are loosely compiled from www.gata.org and other sources believed to be reliable.  GATA is the Gold Antitrust Action Committee started by a former commodities trader, Bill Murphy, and a newspaper guy, Chris Powell. (…)