09 « September « 2014

“There Were No Convictions of Bankers for Good Reason” is the headline of a post by Mark F. Pomerantz, a lawyer and retired partner at Paul, Weiss, Rifkind, Wharton & Garrison in the New York Times’s Room for Debate discussion:

The reason that senior bankers did not face charges, even though investigators interviewed countless witnesses and pored over truckloads of emails and other documents for many years, is that the executives running companies like Bank of America, Citigroup and JP Morgan were not engaged in criminal acts.

At least that is why according to Pomerantz. It should surprise no one that a lawyer who spent much of his career representing financial institutions and their executives wouldn’t see any prosecutable crimes. Fortunately, it is easily refutable, which is our task for today and tomorrow.

UK’s 310-tonne gold reserves in limbo if Scotland becomes independent

Posted by ipso facto @ 10:29 on September 9, 2014

If Scotland becomes independent it will be interesting to see how fast they come into possession of their share of the UK “gold reserves.” Will it be sent a ton here and a ton there over a number of years?

UK’s 310-tonne gold reserves in limbo if Scotland becomes independent

When I watch stocks like SLW trade

Posted by eeos @ 10:27 on September 9, 2014

I can’t wonder why it trades at 100 share increments? I swear the action we see is simply machines. There are no people trading stocks like this anymore. Oh wait a goldbug just bot 443 shares a minute ago. One in a hundred I swear. There’s a 372 share purchase. Do I suppose to believe people just buy nice round numbers of stock? Yes eeos. This is b/c people buy and sell lot by lot silly. Yea sure I really buy that argument

Psssss! Are we making one of those ragged, tentative looking bottoms in gold as I type on my trusty old Underwood?

Posted by Richard640 @ 10:05 on September 9, 2014

They are always made this way-and they keep everyone standing around the station wondering….as the train slowly pulls out.

Egypt understands–and it ain’t rocket science! Saddam Hussein-The Shah of Iran-Tito-Assad-they all “got it”, too.

Posted by Richard640 @ 9:59 on September 9, 2014

Egypt court sentences Brotherhood leader, cleric to 20 years in jail

Tue Sep 9, 2014 10:17am GMT

Hundreds of supporters of Brotherhood, an international movement and once Egypt’s most organised political group, were killed and thousands were arrested or forced into hiding after Mursi was toppled following mass protests against his rule.

http://af.reuters.com/article/worldNews/idAFKBN0H40WK20140909

Good morning Oasis – you too eeos, samb

Posted by Buygold @ 9:59 on September 9, 2014

eeos – quarantine ebola patients within the white house and congress is a great idea!

samb – you are not the only one bearish on the board, perhaps maybe you have been more vocal about your SLW position which is a good thing IMHO. I have it on good authority that another smart regular here is cleaning up on GDX puts with you.

I just didn’t see why you needed to slam talking about Putin or Shakespeare or anything else for that matter. We’ve always had a variety of topics on the board.