“Gold has only enriched those who have known when to sell it to a greater fool.”  (FT also Bloomberg Businessweek)

What does an investment in gold really represent?  (Crossing Wall Street)

Gold vs. Silver:  the chart.  (Bespoke)

Positive earnings revisions proliferate.  (Bespoke contra The Money Game)

Advisers are more bearish than a week ago.  (Marketwatch also Pragmatic Capitalism)

Should the rest of the world fear the drop in the Shanghai index?  (Trader’s Narrative)

Is the Aussie dollar at risk of a reversal of the Yen carry trade?  (FT Alphaville also The Money Game)

Using IBM (IBM) as a market bellwether.  (Derek Hernquist)

More on the case for applying fundamental indices to bonds.  (ROI)

Are lower lumber prices forecasting another leg down in housing?  (Pragmatic Capitalism)

How to play America’s discordant energy policy.  (Jubak Picks)

The CME (CME) vindicates itself for the flash crash.  (FT Alphaville also The Big Money)

The mystery trader in e-mini contracts identified.  (Reuters)

Weak hands and the risk of a liquidity crisis.  (Charts and Coffee)

Regulators should just follow the geeks.  That is where the next spot of trouble will arise.  (FT)

Floyd Norris, “If your machine makes a mistake that the dumbest human would never make, then maybe you don’t have a very good machine.”  (NYTimes)

Times must be good.  Employee poaching is back on Wall Street.  (Deal Journal)

Leveraged loan lunacy, redux.  (peHUB)

The Feds are now investigating muni bond CDS.  (WSJ)

Is a fix for the ratings agencies finally here?  (Big Picture, WSJ)

The move to oust GDP as the measure of economic progress.  (NYTimes)

A “reasonably strong” retail sales report.  (Calculated Risk, EconomPic Data)

The number of people with underwater mortgages is staggering.  (Calculated Risk)

Yet another chance to refinance your mortgage at less than 5.0%.  (WSJ)

Are Americans waking up to the potential for inflation?  (DJ Market Talk)

How the Euro went from a “club for Europe’s strongest economies” into something unenforcable.  (Bloomberg also FT Alphaville)

The story of Greece in a couple of graphs.  (EconomPic Data)

The math behind how all those structured mortgage products blew up.  (Marginal Revolution)

Investors need standardized, plain English “nutrition labels” for financial products.  (Economist’s View)

How much information is enough?  (the research puzzle earlier Abnormal Returns)

On the use of the term “quants” to describe Wall Street’s rocket scientists.  (NYTimes)

In search of an everything ETF.  (Felix Salmon)

For traders the future is all that matters.  The past is past.  (Kirk Report)

Why are the Brits such reluctant financial bloggers?  (Reuters)

Simon Johnson reviews The Quants and The Big Short.  (TNR)

The advantage of small VC funds.  (peHUB also DealBook)

Can social networking sites like Facebook escape the view that they are “utilities”?  (FT)

“Wall Street:  Money Never Sleep” garners positive reviews in its debut at Cannes.  (Bloomberg, Variety, Vanity Fair, Cinematical, Showbiz411)

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