Market Shorter Headlines

Commentary by Chris-

This week's Keiser Report focused on “Election Tuesday” as the Tea Party candidates created a right-wing surge in the house but failed to capture the senate. Max's interview with James Scaminaci III focused on drilling down to the core of the Tea Party to find out who’s really funding this incarnation of the GOP.  

The most interesting insights hone in on how the Tea Party’s agenda was diverted from Ron Paul's grass roots libertarianism to being funded directly from the financial sector and the Koch brothers.  As we’ve seen the Tea Party revert back to the circular talking points of abortion, guns, and gays in the military associated with the political strategist Karl Rove. 

Tyler Durden on 11/03/2010 16:43 -0500

Today, in a separate lawsuit filed by Carl Loeb in the Southern District of New York, a new light on precious manipulation by the duo was shone, this time involving allegations of breach of the Racketeering Influenced and Corrupt Organizations (RICO) Act. And with the CFTC itself admitting of ongoing manipulation in the silver market, it appears this issue is not going to go away...

With the Fed announcement today and the resulting tremendous volatility in gold and silver, King World News interviewed the legendary Jim Sinclair. When asked about the action in gold Sinclair responded, “We had two periods today where the offerings were being made in huge amounts and the bids were...
***If you've been following our short list you've probably benefited from the bank scandal. Will BAC go down along with Bear Sterns and Lehman? While they're at it they need to put the zombie bank Citi out of its misery too.--Chris

FDIC Called On To Put Bank Of America Into Receivership

[William K. Black, a former regulator and white-collar crime expert who cracked down on massive fraud during the savings and loan scandal of the 1980s, and his fellow economics professor at the University of Missouri-Kansas City, L. Randall Wray, say it's time to "foreclose on the foreclosure fraudsters". (HuffPo File)]

Charging that the ongoing foreclosure fraud epidemic is the work of precisely the same unrepentant bank officers whose fraudulent mortgage schemes crashed the financial system in the first place, two leading critics of the financial industry are calling on the FDIC to put some of the nation's biggest banks into receivership -- starting with the Bank of America -- and make them clean house.

With gold correcting, in this week’s latest commentaries, the Godfather of newsletter writers Richard Russell stated, “Probably the best picture of gold is seen in the weekly chart (above). I'm using GLD as a proxy for gold. It looks to me as though gold could decline until it has reached the oversold state, hopefully above the rising blue trendline. There were just too many consecutive weeks of rise without a correction. Now we are getting the correction.”

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1 GLD 122.49
+0.62 (0.51%)    
2 INX CA$0.47
0.000 (0.00%)    

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