Predictably, they slammed on the brakes at the COMEX: CME Group Hikes Margin Requirements For Comex Gold Futures [1]. But since the physical market for gold is so strong, this move against futures trading will probably cause only a brief drop in the price of gold. The bull will resume his charge. (Thanks to Eli for the link.)
Dennis C. mentioned this editorial: Falling Bank Stocks Offer a Too-Big-to-Fail Wakeup Call [2]
John R. kindly sent a whole raft of links:
Jim Rogers: Bernanke, Geithner Leading Us Into Fiscal Armageddon (Henry J. Reske and Kathleen Walter)
The Best Looking Horse in the Glue Factory [3] (Jim Quinn)
UBS’ Andy Lees On Why The US Economy Is, All Else Equal, Doomed [4] (Andy Lees, by way of Zero Hedge)
The Elusive Abyss [5] (Neil Charnock)
S&P 500 Update – US Dollar Sacrificed [6] (Dan Norcini)
Global Grand Policy Failure: Liquidity Traps and Financial Black Holes [7] (Charles Hugh Smith)
“Europe Is On The Verge Of Collapsing” [8] (Raul de Sagastizabal)
Is This It? Or Can They Fool Us Again? [9] (John Rubino)
Ramifications of a U.S. Debt Downgrade [10] (Greg Hunter)
Did S&P Shoot Itself in the Foot? [11] (Martin W. Armstrong)
The Coming Fiscal Train Wreck — Part I [12] (Dave Cohen)
Reality Finally Hits The Morbidly Obese US Government [13] (Jeff Berwick)
Global Warning-Credit Spreads Widening [14] (Bob Hoye)
The staff of Der Spiegel asks: Is The World Going Bankrupt? [15]
Items from The Economatrix:
JPM Sees Gold at $2,500 By Year End [16]
Fed’s Low Rates are No Fix for Economy or Retirees [17]
Pension Warning Amid Market Turmoil [18]
Gold Price Soars Amid Mounting Fears Over Double-dip Recession [19]