Here are seven (or so) links at 7AM Eastern.  Good luck out there today.

Markets

Has the fundamental picture for gold changed all that much?  (Pragmatic Capitalism)

The upside of a decline in gold.  (MarketBeat)

Is this the new normal for volatility?  (SurlyTrader)

One of these days high correlations are going to break down.  (The Source)

Finance

Jesse Eisinger, “But so far, there’s been no civil trial in a major case directly related to the biggest economic fiasco of our time: the financial crisis.”  Why?  (Dealbook)

Why Wall Street CEOs like Jon Corzine seem so out of touch.  (WSJ)

Regulators have now tracked MF Global transfers, the only question is which of them are legit.  (Reuters)

Europe

Depositors are pulling out of US branches of European banks.  (FT)

Germany has a half a trillion reasons why they don’t want the Euro to break up.  (Bloomberg)

It is still hard to see a positive outcome in Europe.  (Tim Duy)

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