15 December 2011

US MORTGAGE MEMO: NY Fed Buys $7.55B MBS In Week Ended 12.14

https://mninews.deutsche-boerse.com/content/us-mortgage-memo-ny-fed-buys-755b-mbs-week-ended-1214

PARIS (MNI) - The Eurozone economy has no doubt already begun to contract and should shrink further at the start of next year before stabilizing in spring, the French national statistics institute said Thursday.

https://mninews.deutsche-boerse.com/content/insee-eurozone-heading-shallow-recession-4q-1q

"Today the lease rate for one month lease on gold went to negative 1/2%. In other words, the central bank pays the bullion bank to borrow gold. With cheap gold and silver (also negative lease rate) the bankers raided gold and silver. The real reason was the fact that Europe again after just two weeks of huge dollar swaps, have run out of dollars again." Harvey Organ's Dayly Gold & Silver Report

http://harveyorgan.blogspot.com/2011/12/negative-lease-rates-continuegold-and.html

$1 million gold bet draws no takers

http://blogs.marketwatch.com/thetell/2011/12/15/1-million-gold-bet-draws-no-takers/

Follow up blog:
http://www.grandich.com/2011/12/follow-up-to-1-million-offer/

Draghi Says Short-Term Contraction in Euro Area Unavoidable Amid Austerity

http://www.bloomberg.com/news/2011-12-15/draghi-says-short-term-contraction-in-euro-area-unavoidable-amid-austerity.html

Journalist Nomi Prins Reports on Jon Corzine Congressional Testimony Over MF Global Collapse

Dec. 13 (Bloomberg) -- Nomi Prins, senior fellow at Demos and former managing director at Goldman Sachs Group, talks about the exposure of U.S. banks to Europe's sovereign-debt crisis. Nomi speaks with Erik Schatzker and Stephanie Ruhle on Bloomberg Television's "InsideTrack."

Iran reports all its nuclear installations now underground

http://www.debka.com/article/21569/

The world economic outlook is not particularly rosy, it is quite gloomy, says Christine Lagarde

http://www.bi-me.com/main.php?c=3&cg=4&t=1&id=55767

Analysis: Assessing foreign intervention in Syria

http://www.bi-me.com/main.php?c=3&cg=4&t=1&id=55759

Morgan Stanley to cut 1,600 jobs

http://www.reuters.com/article/2011/12/15/us-morganstanley-idUSTRE7BE17R20111215?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28News+%2F+US+%2F+Business+News%29

Fitch Downgrades Ratings on Five Major European Banks (Banque Federative du Credit Mutuel, Credit Agricole, Danske Bank, OP Pohjola Group & Rabobank Group).

http://www.cnbc.com/id/45674156

France's Credit Agricole to quit commodities trading. The French bank has announced plans to stop trading commodities and cut down on commodities trade financing as it struggles to cope with a credit crunch.

http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=141747&sn=Detail

Gold - 2006 Similarities and Correction Over?

http://www.safehaven.com/article/23666/gold-2006-similarities-and-correction-over?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+safehaven%2Fall-articles+%28Safehaven+-+Most+Recent+Articles%29

These Charts Say It All: Gold Is Still a Buy

http://www.safehaven.com/article/23669/these-charts-say-it-all-gold-is-still-a-buy?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+safehaven%2Fall-articles+%28Safehaven+-+Most+Recent+Articles%29

Bargain Time In Gold and Silver

http://www.safehaven.com/article/23668/bargain-time-in-gold-and-silver?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+safehaven%2Fall-articles+%28Safehaven+-+Most+Recent+Articles%29

Gold Silver Market Morning Julian Phillips

https://docs.google.com/viewer?url=http://blog.bmgbullion.com/PDFs/Gold%2520%2520Silver%2520Market%2520Morning%2520December%252015%25202011.pdf&hl=en_US&pli=1&chrome=true

Capital Account: Chris Martenson on the Money System and Exponential Resource Depletion (12/14/11)

The Truth About The Partner 'Exodus' At Goldman Sachs

http://www.businessinsider.com/why-are-so-many-partners-leaving-goldman-sachs-2011-12?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29

Corzine Just Named Two Names In His Hearing, So They're Probably Calling Their Lawyers Now

http://www.businessinsider.com/corzine-named-edith-obrien-and-laurie-ferber-in-hearing-2011-12?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29

Dissolve the EU and let free market decide: Marc Faber

http://www.commodityonline.com/news/Dissolve-the-EU-and-let-free-market-decide-Marc-Faber-44446-3-1.html

Iran will reduce crude oil exports to China by 30% in January 2012

http://www.commodityonline.com/news/Iran-will-reduce-crude-oil-exports-to-China-by-30-in-January-2012-44440-3-1.html

"Gold’s price fall reflect dollar, global economic outlook" Ross Norman

http://www.commodityonline.com/news/golds-price-fall-reflect-dollar-global-economic-outlook-44449-3-1.html

"Silver still to hit $75/oz by 2012 year end" David Morgan

http://www.commodityonline.com/news/Silver-still-to-hit-$75-oz-by-2012-year-end-44428-3-1.html

Silver Update 12/14/11 Takedown By Brother JohnF

Exclusive: Regulators know where MF Global funds went. Let me guess JP Morgan/Goldman Sucks...

http://www.reuters.com/article/2011/12/14/us-mfglobal-cftc-idUSTRE7BD20L20111214

Richard Russell - Gold Trading Above $1,500 is Bullish Action

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/15_Richard_Russell_-_Gold_Trading_Above_$1,500_is_Bullish_Action.html

Embry - This Gold Smash Will Pass, the Case for Fiat is Zero

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/15_Embry_-_This_Gold_Smash_Will_Pass,_the_Case_for_Fiat_is_Zero.html

Jim Sinclair - Why Gold Was Smashed Today (14/12) & What’s Next

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/14_Jim_Sinclair_-_Why_Gold_Was_Smashed_Today_%26_Whats_Next.html