If the price of gold continues to surge, will some of the entities who are over-exposed short the gold market go insolvent?

Yesterday King World News reported that a major swap dealer, who is heavily upside down on short positions in the gold market, is now in trouble. Silver had no deliveries reported, but enough movement in the warehouses to warrant a look. There was quite a bit of delivery action yesterday in gold, if delivering claim tickets for bullion of a less than transparent pedigree counts. As Reason recently highlighted in an excellent short documentary, Brazil is home to one of the fastest-growing and accomplished liberty movements in the world. Writing this week for Bloomberg, Tyler Cowan made the case that Brazil is “still the country of the future.” While I share Cowan’s optimism for the nation’s future, his focus on the country’s diversity, size, and vaguely federalized political structure overlooks the real story – that Austrian economics and libertarianism is winning the battle of ideas within the country. OLYMPICS Shaming Could Be the Best Fix for Olympic Doping … At the Olympics, we’re witnessing some serious cases of public shaming. Plenty of people find it hard to believe that such a device would be used against protesters in order to carefully control the DNC convention and make sure that it friendly for Hillary. First there were reports that the convention had installed white noise generators over the sections that were pro-Bernie states. Yet another report has emerged in the aftermath of the DNC convention alleging that staffers used sophisticated technologies to blackout negative coverage and literally drown out dissident voices. Elon Musk is to batteries what Willy Wonka was to chocolate - right down to the golden tickets and singing workers. Rough turbulence sent two dozen people on a JetBlue flight from Boston to Sacramento to the hospital on Thursday night, a spokesperson for the airline told media.

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