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The New World Reserve Currency – Another Fairy Tale

Dear CIGAs,

The SDR is presently an accounting unit made up of the US dollar, Yen, Euro and the British Pound. Now how in the hell is that gang going to save the world monetary system? It is three cripples and one anti-cripple with its own problems.

Even if the SDR was expanded to

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In The News Today

Jim Sinclair’s Commentary

A 1930s type rally in general equities does not need any reason to occur. It will need the uptick rule put back in place in the USA and enforced in Canada plus action must be taken against naked shorts or the rally will not have the legs of 1930′s.

Credit Union

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Galbraith Confirms My Most Serious Concerns

Dear CIGAs,

Professor James Galbraith was interviewed early this morning on the Geithner plan for the purchase of toxic assets. This interview focused on the very subject that constitutes my most serious concerns. It was on Bloomberg TV, but I see no review of it on their website.

His analysis would confirm what I

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Jim’s Mailbox

Jim,

David Rosenberg on ML’s Squawk Box:

"Mostly everyone likes to talk about how the data have all of a sudden signaled a turn in the economy, retail sales, home sales, yesterday’s durable goods report. We advise caution here because what we have seen is a very aggressive set of seasonal factors, which have

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Not much to report on today when it comes to gold’s action. It is still range bound and appears to want to stay that way for the immediate time being. Only a strong move through $960 on the upside will get the momentum funds interested in plowing in. I do believe however

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CME To Launch New E-Mini Gold and Silver Contracts

Dear Friends;

The CME announced this morning that they will launch new e-mini gold and silver contracts. As some of you know, attempting to stand for delivery of the current Liffe’s emini gold contract is an exercise in futility since the rules were changed to disallow receiving a single 33 ounce bar with a

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In The News Today

Dear CIGAs,

The nasty, persistent and effective woodpecker is the creation of now eleven and one half trillion dollars of monetary stimulation. That is if you include the two new programs of treasury purchases and rotten leftovers of the creation of OTC derivatives known as bank holdings of toxic paper.

That is not Moses

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Jim’s Mailbox

Dear Jim,

All I can say to this is hallelujah… let’s get on with the regulation ASAP. This is actually useful information.

Respectfully yours,

Monty Guild www.GuildInvestment.com

Subject: FW: Gremlins & Soros-interesting write up from our rates strategy team From Patrick Perrett-Green: Citi Strategy Team

This is a piece that has been sitting in

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