There was a brief flurry of excitement in Globex trading on Sunday evening’s New York open. Both gold and silver were up right out of the starting gate…silver especially so.

The U.S. bullion banks [the only ones allowed to trade at that time of day] were either going long or covering shorts. This rally continued through the Sydney open in gold…and into the beginning of trading in Hong Kong for silver. At those two points, a not-for-profit seller showed up…or the buying/short covering stopped. Those were the highs of the day in both metals. It’s quite unusual for the not-for-profit sellers/price cappers to hit the metals at two widely separated times like this. Almost without exception, they hit both metals at precisely the same time. I should quickly point out that trading volume in New York on Sunday night…and in Sydney and the Far East early Monday morning….was basically air in

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The IMF#8217;s Gold Gambit The fund#8217;s misuse of bullion reserves is crucial to its plan to use the financial crisis to expand its power. By JUDY SHELTON The International Monetary Fund (IMF) deserves credit, figuratively speaking, for cleverly manipulating the financial troubles of emerging and low-income nations to procure a fresh infusion of capital for itself. But its [...]div class="feedflare" a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=trLRyveG7Sk:0m_oJrA8iQI:yIl2AUoC8zA"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=trLRyveG7Sk:0m_oJrA8iQI:F7zBnMyn0Lo"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?i=trLRyveG7Sk:0m_oJrA8iQI:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=trLRyveG7Sk:0m_oJrA8iQI:7Q72WNTAKBA"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=7Q72WNTAKBA" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=trLRyveG7Sk:0m_oJrA8iQI:V_sGLiPBpWU"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?i=trLRyveG7Sk:0m_oJrA8iQI:V_sGLiPBpWU" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=trLRyveG7Sk:0m_oJrA8iQI:qj6IDK7rITs"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=qj6IDK7rITs" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=trLRyveG7Sk:0m_oJrA8iQI:l6gmwiTKsz0"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=l6gmwiTKsz0" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=trLRyveG7Sk:0m_oJrA8iQI:gIN9vFwOqvQ"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?i=trLRyveG7Sk:0m_oJrA8iQI:gIN9vFwOqvQ" border="0"/img/a /div

 

FEBRUARY 11, 2009, 11:02 P.M. ET

Capitalism Needs a Sound-Money Foundation Let’s give the Fed some competition. Abolish legal tender laws and see whose money people trust.

 

By JUDY SHELTON

Let’s go back to the gold standard.

If the very idea seems at odds with what is currently happening in our country — with Congress preparing to pass a

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