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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (18850)	12/17/2004 10:59:13 AM
From: Knighty Tin	Respond to of 116555

License? I don't gotta show you no stinking license. <G> I wonder if they're counting those things they drive at car races and that we look at at The Harrah's Museum? Also, cop cars and govt. vehicles can't be employed for private use. <VBG>

To: ild who wrote (18850)	12/17/2004 6:23:20 PM
From: mishedlo	Respond to of 116555

Thoughts on Gold vs Silver Mish: small spec silver players INCREASED their bets (not by much but I am surprised that they went up) gold not nearly as bad as there is significant short interest even though it is in the minority. Gold looks better to me than silver in this respect. cftc.gov Heinz: definitely. in fact, the gold CoT report looks pretty encouraging - since about 60-80,000 contracts of the big spec gross long position and about 35,000 of the small spec gross long position are in the hands of position traders that tend to roll them over for the past few years and tend not to get shaken out in the downdrafts. so there's not a lot of 'fickle' money left in that market. that said, one must always consider that those position traders might change their mind at some point. however, now is probably not yet the time. i'm staying away from silver - i like gold better, since it encapsulates a 'safe haven' aspect that is lacking in silver. silver does better when perceptions of economic growth seem to be fine , but when those perceptions change, gold comes to the fore.

To: ild who wrote (18850)	12/17/2004 7:03:02 PM
From: mishedlo	Respond to of 116555

Stockbroker Accused of Stealing $4.1 Mln December 17, 2004 5:35:00 PM ET NEW YORK (Reuters) - A New York stockbroker was indicted on Friday on charges of stealing more than $4.1 million from three Wall Street firms, prosecutors said. Calvin Darden Jr., 30, of Glen Cove, New York, who worked as a stockbroker at Merrill Lynch, Smith Barney, Wachovia Securities and AIC Ltd., faces charges of grand larceny, criminal possession of stolen property, falsifying business records and scheming to defraud. The indictment accuses Darden of fraudulently inducing Smith Barney in 2001 to hire him and give him a loan of $344,000 based on his alleged prior lucrative client list, according to the office of Manhattan District Attorney Robert Morgenthau. It was revealed the list was altered and fabricated, prosecutors said. Two years later, Darden misrepresented the records of his clients' assets and induced Wachovia Securities to give him a loan of more than $600,000, according to prosecutors. Six months later, he used phony documents claiming he had a $1.2 billion book of business with clients that included Hollywood celebrities and professional sports stars and obtained a loan of almost $3.2 million from AIC Ltd., a Canadian mutual fund firm, prosecutors said. Darden was arraigned before Manhattan Supreme Court Justice Brenda Soloff, who gave him until Tuesday to post $1 million cash bail or bond. He faces up to 25 years in prison if convicted of the top count of first-degree grand larceny. Civil suits against Darden were filed earlier this year by AIC and Wachovia accusing him of not repaying his outstanding loans. news.moneycentral.msn.com