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Dear CIGAs,
Friday the 13th, 2009 is the official day the American Dream died.
Friday the 13th, 2009 is the day a Federal Economic rescue Bill passed a most important vote and turned out to be a total pork barrel exercise.
Where the Hell did the American Dream of the pot of gold for
Continue reading The Day The American Dream Died
Dear CIGAs,
As I watch the News out of Washington today, I see the heads of our nation’s biggest banks being grilled in Congress on the causes of the economic problems we are facing. None of those guys can say they are there because their bank is flush with cash and great investments. The
Continue reading The Simple Truth
February 13, 2009, at 4:57 pm by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This Post
Jim,
This my view of our current set of Politicians and their banker buddies. They are stocking up on tax money for the long depressionary winter to come that they themselves caused…
Jim,
The same intellectual laziness that characterises the SEC characterises the American Public and therefore your readership. They deserve their
Continue reading Jim’s Mailbox
Dear CIGAs,
Many of you have asked how anyone can give a date and a price as if it came from throwing bones or reading tarot cards. That is not how it works.
The amount of work is mindboggling.
Before you phone, write or email asking how can anyone be so outrageous as to
Continue reading The Complex Nature Of Market Timing
Dear CIGAs,
Japanese Yen down hard; Euro up strongly; US Dollar sharply lower and Bonds absolutely obliterated – translation – risk is back in for today even with the broad equity markets down once again.. Under the current market psyche, risk being in means gold is not needed and so the usual chatter about
Continue reading Hourly Action In Gold From Trader Dan
Dear CIGAs,
It has come to our attention from some accounting professional friends that metals ETFs in general have a tax treatment that should be carefully considered. To quote from the SPDR Gold Shares prospectus, “Under current law gains recognized by individuals from the sale of ‘collectables,’ including gold bullion, held for more than
Continue reading Monty Comments On The Taxation Rate Of Metals ETFs
Dear CIGAs,
Don’t you think it is about time GLD and all the other popular international gold ETFs told its owners exactly what kind of gold they claim to own?
Can you imagine a situation where a person buys a gold ETF to own “non-gold” but finds out that they in reality own
Continue reading Where Do All The Gold ETFs Get Their Bullion From?
February 12, 2009, at 4:16 pm by Jim Sinclair in the category In The News | Print This Post | Email This Post
Dear CIGAs,
The following are two observations of mine today:
Talk about gold stocks outperforming gold on this move with charts and diagrams is on financial media and should get some attention from all those illegal, legal and pool gold share short sellers. The newest SPIN is the conversation of if the banks will
Continue reading In The News Today
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