21 March 2012

Gold Daily and Silver Weekly Charts - Heart of Gold



Anatomy of a Silver Bear Raid
- ZeroHedge






SP 500 and NDX Futures Daily Charts - Por Mi Amigos y Amigas







House Subpoenas MF Global's Assistant Treasurer O'Brien


As the article notes, Edith O'Brien oversaw the fund transfers at MF Global, and almost certainly knows exactly what transpired, and who knew what about the misuse of the customer funds.

Reports have stated that Ms. O'Brien has been refusing to cooperate with investigators unless she is granted immunity from prosecution. And as the article notes, she is likely to plead the Fifth Amendment in her House appearance.

At least we might get a look at her and find out how she came to be in such a position. Information about her has gone largely missing from the web.

But I did find her LinkedIn page in case anyone would like to hire her.


WSJ
House Panel Subpoenas MF Global's Assistant Treasurer
By JULIE STEINBERG And AARON LUCCHETTI
March 21, 2012, 2:31 p.m. ET

An MF Global Holdings Ltd. employee who oversaw fund transfers in the final week before the firm sought bankruptcy protection has been subpoenaed by a U.S. House subcommittee to testify next week about the securities firm's collapse.

The Oversight and Investigations subcommittee of the House's Financial Services Committee voted at about 2 p.m. Wednesday to subpoena Edith O'Brien, the company's assistant treasurer when it filed for Chapter 11 bankruptcy protection Oct. 31.

"Ms. O'Brien has unique, personal knowledge regarding how and why customer funds went missing," said Rep. Randy Neugebauer, the chairman of the subcommittee. "We owe it to the thousands of customers of MF Global—the ranchers, farmers and investors who lost money—to get to the bottom of how this could have happened."

Ms. O'Brien is expected to invoke her constitutional rights against self-incrimination and refuse to answer questions at the hearing next week, according to people familiar with the matter. Ms. O'Brien has so far declined to be interviewed by investigators and members of the committee...

Read the rest here.

20 March 2012

Gold Daily and Silver Weekly Charts - Classic Bang Into the Close of the Comex



Intraday commentary here.

As I said of stocks, despite their bravado, the fear runs deep in New York and Washington these days.

William K. Black has a new piece out called "The Criminogenic JOBS Act."

Apparently the only jobs that the US oligarchy can generate these days are fraud related.

And it appears that the Lady Hilary has backed off the US threat of imposing sanctions against those who continue to do business with Iran. This might be called 'saving face.'