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Jesse and Bert’s Corner

The result of studying is to perceive the market. To make this simple, thinking of your position should result in a feeling. Feelings lead to perceptions. Perceptions lead to profit.

Perception is the basis where traders are born, not made. That conclusion is wrong.

Think, then perception happens, then you profit consistently.

Jim Sinclair’s Commentary

When MOPE kills.

Fukushima Risks Chernobyl ‘Dead Zone’ as Radiation Soars 
By Yuriy Humber and Stuart Biggs

May 30 (Bloomberg) — Radioactive soil in pockets of areas near Japan’s crippled nuclear plant have reached the same level as Chernobyl, where a “dead zone” remains 25 years after the reactor in the former Soviet Union exploded.

Soil samples in areas outside the 20-kilometer (12 miles) exclusion zone around the Fukushima plant measured more than 1.48 million becquerels a square meter, the standard used for evacuating residents after the Chernobyl accident, Tomio Kawata, a fellow at the Nuclear Waste Management Organization of Japan, said in a research report published May 24 and given to the government.

Radiation from the plant has spread over 600 square kilometers (230 square miles), according to the report. The extent of contamination shows the government must move fast to avoid the same future for the area around Tokyo Electric Power Co.’s Fukushima Dai-Ichi plant as Chernobyl, scientists said. Technology has improved since the 1980s, meaning soil can be decontaminated with chemicals or by planting crops to absorb radioactive materials, allowing residents to return.

“We need to finish this treatment as quickly as possible, within three years at most,” Tetsuo Iguchi, a specialist in isotope analysis and radiation detection at Nagoya University in central Japan, said in a telephone interview. “If we take longer, people will give up on returning to their homes.”

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Jim Sinclair’s Commentary

Ever get the feeling that contacts have weakened and it is pile on time?

New York Fed Investigates Goldman Loan Division
By MICHAEL J. DE LA MERCED and BEN PROTESS

The Federal Reserve Bank of New York has begun an investigation into the mortgage-servicing arm of Goldman Sachs, looking at whether it systematically rejected borrowers’ efforts to lower their loan payments through government programs.

The inquiry by the New York Fed arose from a letter sent by an anonymous employee, who accused the Goldman unit, Litton Loan, of denying loans without properly reviewing applications.

The letter was brought to the Fed’s attention by The Financial Times after it received the tip.

“We are in possession of the letter and are conducting an inquiry,” a spokesman for the New York Fed said in a statement.

A Goldman spokesman declined to comment.

According to The Financial Times, the anonymous whistle-blower said he had examined loans that qualified for government modifications but were consistently denied.

The accusation against Litton is the latest headache for the unit, which Goldman is seeking to sell.

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Jim Sinclair’s Commentary

I sing because I own 75% Gold, 20% Swiss and 5% Cando.