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Hourly Action In Gold From Trader Dan

Dear CIGAs,

It was another one of those mass long liquidation days by index funds and hedge funds as nearly everything that remotely resembled a commodity or was associated with commodities was jettisoned in favor of paper IOU’s (also known as US bonds). About the only commodities that I could see that were in

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How The Fed Wishes to Sterilize The New “Galaxy Liquidity”: The Plan To Force It Off Its Present Currency Destructive Planetary Killer Course

Dear CIGAs,

Hints have been dropped repeatedly about the potential of the Federal Reserve issuing Federal Reserve Bonds along with less issuing of Treasury Bonds in order to sterilize (mop up) the new wobbling, out of control, universal monetary killer of “Galaxy Liquidity” the Fed and Treasury are creating. They had no other option

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In The News Today

Jim Sinclair’s Commentary

Israel makes a major miscalculation. Pakistan goes nuclear Turkey is a victim. It is all percolating.

Cyr: Turkey at crossroads as a nation Submitted by SHNS on Tue, 01/13/2009 – 13:14.

At the start of the New Year, Russia publicly squabbles with Ukraine over the terms of shipping gas to

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The Unavoidable Face Of Hyperinflation

Dear CIGAs,

CIGA Erik shows in chart form the face of unavoidable hyperinflation – a currency event.

It is horrifying what the Fed and Treasury injected in percentage terms. A true measure of comparison can be seen in the 3 months of 2008 when the Fed accomplished more than in the 7 years from

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Have The Majors Waited Too Long?

Dear CIGAs,

The junior gold share valuations in the marketplace make many companies worth much more in parts then in their total marketplace valuations.

Maybe the majors have just overplayed their waiting hand.

Jim

From Reuters: – Says that Yamana is "on the hunt" for single-property acquisitions given how cheap exploration/development stage gold companies

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In The News Today

Jim Sinclair’s Commentary

You can be sure this is the number after being sent back 12 times for revision as unacceptably too high. This is dollar rot of the most virulent kind.

Three-month budget gap exceeds FY 2008 full year Tue Jan 13, 2009 3:23pm EST

WASHINGTON (Reuters) – The United States racked up

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Gold showed a good deal of resiliency this morning even in the face of a stronger dollar as it bounced from near the intersection of upsloping trendline support and horizontal support near the $810 level. Whether the bounce in crude oil from off of support had anything to do with its strength

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Jim’s Mailbox

Jim,

The rate of acceleration of the downtrend is historic. This is carnage. This is dangerous to the US dollar. Not much else to say.

Regards, CIGA Eric

Dear Jim,

Here is a well done summary of the virtual insanity of those who have priced bonds as if they deserved almost

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