Tuesday was the third day in a row that gold and silver got sold off as soon as trading began in the Far East…and as I write this, Wednesday morning in Asia is shaping up the same way. Gold was down about $15 when the Comex opened in New York on Tuesday…and a ferocious $25 rally (tech funds?) got stopped dead in its tracks at precisely 9:00 a.m. Eastern time…the second day in a row it didn’t get past $830 the ounce. Silver’s fate was similar. Both sold off from there and both finished basically unchanged from Monday. The HUI traded as low as 218…but managed to tack a 5% gain onto that number to close in slightly positive territory for the day.

Monday’s open interest numbers were interesting. Gold open interest fell 5,533 contracts to 282,978…another new low. One would think that it should have gone up with the gold

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Hedge Funds in New JerseyNew Jersey Hedge Fund Guide | 1 PagerHere is a short collection of articles on the hedge fund industry in the New Jersey. I am always looking for more valuable online tools and resources to add to these geographical hedge fund guides. If you have a white paper or PowerPoint that I can include here please send me an email and I will post it for everyone's benefit.Resource for Hedge Fund related jobs in New JerseyThe U.S. Commodity Futures Trading Commission (CFTC) announced today that on April 22, 2008, a federal court in New Jersey entered a statutory restraining order against defendant Robert J. Sucarato d/b/a New York Financial Company (NYFC), freezing assets under Sucarato’s control, prohibiting the destruction of documents, and requiring Sucarato ...

The commodity correction continues. And it's getting more painful by the minute as big trading houses like Lehman and Merrill Lynch go belly up or are forced into mergers. I think we're seeing a margin call on a global scale. The good news is it should bring incredible opportunities for long-term investors. The bad news is we could see a lot more pain before this is over. A "margin call" is when an investment, bought with borrowed money, decreases in value past a certain point, and an investor either has to put up more money or sell the investment. And we're seeing margin calls as Lehman and others liquidate their trading books. What's more, we're seeing margin calls in oil. Speculators pushing prices down Now, here's where I eat ...