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Hourly Action In Gold From Trader Dan

Dear CIGAs,

The 100 day moving average near the $832 level provided the overhead selling resistance in today’s gold session. The chatter was that $100 worth of gains in gold over the past three trading sessions was enough of a move to bring in some short term profit taking. That is probably true although

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Market Commentary From Monty Guild

Dear CIGAs,

WE ARE QUITE CERTAIN THAT IN THE UNITED STATES, BANK AFTER BANK WLL BE RESCUED AS CITIBANK WAS THIS WEEKEND

WHO WILL BE NEXT…BANK OF AMERICA, JP MORGAN, GOLDMAN SACHS, MORGAN STANLEY?

The surprise is not that they will be rescued, the surprise is that not enough attention is being paid

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Gold In US Dollars Is Only Part Of The Picture

Dear Friends,

Linked below are a few charts detailing the price of gold when viewed through the prism of differing major currencies. As you can see, gold in British Pound terms has notched another new all time high. So did gold priced in Canadian Dollar terms. Gold in Australian dollar terms is just a

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Free Money For The Public To Pick Up And Spend

Dear CIGAs,

Add this to the Begging Bowl Fed loan window and TARP:

Quantitative Easing

Be prepared to watch the Federal Reserve over the next 18 months as this is the last of two arrows left in the quiver. Quantitative Easing is going to look more and more attractive.

Quantitative Easing is the process

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Jim’s Mailbox

Dear Friends,

I have received close to 700 emails today. I will do my best to reply, yet at this number the task is quite overwhelming.

Truth be known, almost every question has already been answered here on JSMineset.com.

Respectfully yours, Jim

Dear Jim,

The litany of disasters continues. The Fed has only

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Something To Think About

Click images to enlarge

 

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Short term profit taking did not last very long last evening and early this morning as dip buyers wasted little time in making their presence felt. Technically, this is quite positive as it indicates growing confidence on the part of the bulls and growing apprehension on the part of the bears. Last

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In The News Today

Jim Sinclair’s Commentary

1. The bailout begging bowl program will continue to grow according to the US Federal Reserve using the plural of trillions.  2. The financially Democratic approach, which taxes the haves and uses fiscal stimulation, will be building roads, schools, and financially securing major employers. 3. The combination is out of control

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