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Hard Right Turn

Dear CIGAs,

My wife and I were out to lunch with a friend of ours and she asked me ,” When is the economy going to get better?” If you saw Fed Chairman Ben Bernanke’s testimony in the Senate yesterday, the answer is 2010. Of course that answer came with big caveats such as

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Gold has now switched gears once again and instead of following the Dollar up and down, after of course having moved mostly inversely to it for the larger part of the entire bull market in gold, seems to be  trading inversely to  the US equity markets. In other words, stocks go up,

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Two Items Worthy Of Your Attention

Dear CIGAs,

In case you missed seeing it at the end of Monty’s market commentary today:

"REMINDER, FOR A LIMITED TIME…

For no charge, as a service to our readers, we will be happy to examine your current investment portfolio, and explain how we might restructure it to meet your needs for income and

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Market Commentary From Monty Guild

Dear CIGAs,

A FORMER FEDERAL RESERVE CHAIRMAN AND CURRENT ADVISOR TO PRESIDENT OBAMA SPEAKS…

In a speech in Toronto last week, former Fed Chairman Paul Volcker discussed the world’s economic and banking system woes.  In our opinion, Mr. Volcker’s insights are a must-read, especially in the current environment.

Playing to an audience that

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In The News Today

Dear Friends,

Nothing has changed in the last 12 hours.

The Chairman of the Fed is speaking.

Tonight President Obama gives a major address, that is if major means to be concluded by the time involved to deliver it.

The equity market is in a deep oversold condition so a rally is not hard

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Jim’s Mailbox

Hi Jim,

The so-called "uptick rule" or "tick test" was implemented in the 1930s after the stock market crash to ensure short sellers were not alone in causing a stock price to fall.

Until a change is made the most leverage market will control price.

CIGA Eric

Dear Eric,

What makes anyone think

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

After having to listen to the long-winded Senator from Connecticut, also known as “Senator What-a-Deal I got on my Home Mortgage”, pontificating on the current economic meltdown as he chaired Fed Chairman Bernanke’s Senate hearing, I am surprised that the DOW is only trading near 7,000 instead of 4,000 and that gold

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In The News Today

Comex Gold Delivery:

The Comex loves to inform people that they will need to have their gold re-assayed by the Comex in order to sell it if withdrawn from the COMEX vault.

Hogwash.

Call Mr. Arthur Blumenthal at Stacks in New York at 212-582-2580 or visit them at http://www.stacks.com to set up your

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