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Market Commentary From Monty Guild

Dear CIGAs,

AS WE EXPECTED, THE WORLD STOCK MARKETS BEGAN A SUBSTANTIAL RALLY

It should continue for at least another few weeks, possibly for a few months.  It is typical of major bear markets to have major rallies.  Initially, we chose to participate in this rally by buying some of the heavily shorted stocks

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Reuters carried a news flash that turned the currency markets inside out, upside down and topsy turvy this morning. I give it to you in the same exact form that it flashed across my screen…

REUTERS  DOLLAR TRADES AT SESSION LOW VS EURO AFTER GEITHNER SAYS OPEN  TO MOVING TO SDR-LINKED CURRENCY

Continue reading Hourly Action In Gold From Trader Dan

Demand Side Of Gold Will Carry The Day

Dear CIGAs,

Has it ever struck anyone that 1.1 billion dollars in today’s world is chump change? When the time comes, demand for gold will smash through a modest one point one billion dollar hole "in the dyke" wall of a quadrillion plus dollar problem. You are giving the supply side of gold banks

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The Universal Call For The SDR Is A Universal Dismissal For The US Dollar And A Call for Gold

Dear CIGAs,

The Noise on Special Drawing Rights is getting so loud that you might as well anticipate this call for inaction will result in a displacement of the dollar for all the same reasons it was first called for and then all but abandoned.

You could take comfort if some previous action was

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In The News Today

Dear CIGAs,

1. Manufacture a Straw-man. 2. Accuse the Straw-man of Wrong Doing. 3. Knock down the Straw-man, thereby diverting attention from the real problem to the manufactured problem which you now have solved. 4. Take a deep bow to the applauding audience.

Jim Sinclair’s Commentary

I believe I wrote this one

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Jim’s Mailbox

Dear Mr. Sinclair,

Our Chinese friends do not like the "Dollar Stranglehold."

Here is the original essay from the People’s Bank of China website your posting made reference to.

Best regards, CIGA Annette

Reform the International Monetary System Zhou Xiaochuan

The outbreak of the current crisis and its spillover in the world have confronted

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

There wasn’t much in the way of supportive factors for gold in today’s trading session as the Dollar was higher, crude oil was lower and bonds were lower. Equities were a tad weaker but after yesterday’s monster rally, the thinking in many quarters is that global stock markets have bottomed out. That

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The Evening News Update

Dear CIGAs,

The media is rejoicing today because China likes US treasuries, but tonight they do not want the US dollar. Now there is a contradiction in terms.

The West will never learn that the East will always speak obligingly when they cannot oblige. The Western Media insists, consistently, on making fools of themselves

Continue reading The Evening News Update