Jim Sinclair’s Commentary

The net result of Euromortus will be gold at $4500.

The Entire European Summit In One Genius Venn Diagram
Joe Weisenthal | Dec. 8, 2011, 4:31 PM

Tomorrow, European leaders are supposed to cook up their solution to the European crisis. Sadly, this Venn diagram, posted on twitter by the brilliant @pawelmorski, is all you need to know.

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Jim Sinclair’s Commentary

You must own gold if return of capital means anything to you.

MF Global and the great Wall St re-hypothecation scandal
12/7/2011
By Christopher Elias (UK)

(Excerpts from article)

Engaging in hyper-hypothecation have been Goldman Sachs ($28.17 billion re-hypothecated in 2011), Canadian Imperial Bank of Commerce (re-pledged $72 billion in client assets), Royal Bank of Canada (re-pledged $53.8 billion of $126.7 billion available for re-pledging), Oppenheimer Holdings ($15.3 million), Credit Suisse (CHF 332 billion), Knight Capital Group ($1.17 billion),Interactive Brokers ($14.5 billion), Wells Fargo ($19.6 billion), JP Morgan($546.2 billion) and Morgan Stanley ($410 billion).

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