Mar
20th
Sat
20th
Get Updates
About
tito -AT- titocosta.com
Tito on the web
Tito on Twitter
Tito on Friendfeed
Tito on Facebook
Tito on LinkedIn
Tito's Search
Tito's News
Favorites
Slice of MIT
Baseline Scenario
Coverage on some of the history of Renaissance Technologies.
A primer on Repo 105, or how Lehman cooked the book. Plus Elliot Spitzer is back as a moralizer!
Two dates to remember: September 15th and October 7th, 2008
Gold bugs rejoice! GATA (Gold Anti-Trust Action Committee) appeals to CFTC to act against manipulative shorts:
GATA has evidence that there are enormous physical short positions in the gold and silver markets that cannot be covered. Because of the decades-long interference with the gold market, we estimate that the free-market price of gold is multiples of the current price. Growing stress caused by burgeoning physical bullion demand is threatening to lead to a price explosion, which will restore to the market the balance that regulation has failed to maintain. In our view, the Comex paper market will become dysfunctional, with “force majeure” having to be declared as the concentrated shorts are unable to deliver on their obligations.