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Trader Dan Comments On The November 2008 TIC Data

Dear Friends,

Please review the following charts detailing the Treasury International Capital Flows data for the month of November 2008 along with some comments.

In the first chart shown, please note that the Treasury has two different methods for computing the net capital flows for each month. One uses only long term securities while

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The Truth Is Out

Dear CIGAs,

When the Rappers have it figured out we are getting dangerously close to the unavoidable HYPER-INFLATION, a currency event, and to serious social unrest.

Do not play this if rap is offensive to you. This is not for the kids,

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Jim Returns From RSA

Dear CIGAs,

After a long trip I am now safely at home and would like to share the following picture of myself in RSA with one of my African family. After catching up on some rest I will be back up to speed here on JSMineset.

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Jim’s Mailbox

Dear Jim,

To say that this rating agency is peopled by ignoramuses is way too kind. That goes for the other rating agencies as well. They are either completely ignorant, they are suffering from a huge conflict of interest, or both.

Respectfully yours, Monty Guild www.GuildInvestment.com

"Moody’s Investors Service announced today that it has

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Market Commentary From Monty Guild

Dear CIGAs,

The excellent Shadow Government Statistics economic service (shadowstats.com) makes the following statements today, January 16,2009 in a flash update.

“The annualized real contraction for fourth-quarter 2008 retail sales was 17.1%”

“Consistent with a still-deepening recession, fourth quarter 2008 production showed an annualized quarterly contraction of 11.5%, following an 8.9% contraction in the

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Gold was the recipient of “reflation” flows as money flowed back into the commodity sector today on news that the remaining $350 billion in the TARP was going to be released. That served to undercut safe haven flows into the dollar and definitely into the bonds, with commodities as a sector generally

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Hourly Action In Gold From Trader Dan

Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini

Jim’s Mailbox

Dear Jim,

Yikes! Why is S&P picking on Spain with these numbers coming out of the US?

Best regards, CIGA Richard B.

Treasury: deficit hits new record in just 3 months Treasury: federal deficit already totals record $485 billion in first 3 months of budget year Martin Crutsinger, AP Economics Writer Tuesday January 13,

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