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March 23, 2009, at 9:30 pm
by Jim Sinclair in the category General Editorial |  Print This Post |  Email This PostDear CIGAs, Is it a new well planned State initiative or a leap in the dark? Do values hide in the details? What kind of business model will the banks have on the day after Toxic Assets? How many banks will there be in 2011? As it appears now the Treasury will provide up Continue reading The Geithner Plan March 23, 2009, at 9:28 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostJim, In the same day of the announcement to buy one trillion OTC derivatives from the banks, they are already asking for more than one trillion. CIGA BJS Dear CIGA BJS See the Krugman comments earlier. The problem globally is over one quadrillion. Sure they need more money. Regards, Jim Toxic asset mountain Continue reading Jim’s Mailbox March 23, 2009, at 7:13 pm
by Jim Sinclair in the category General Editorial | Print This Post | Email This PostDear Friends, Referring back to my recent Bloomberg radio interview, the rally at this time is no surprise. In order to have legs in this rally there must be immediate and significant action on two items – the uptick rule on short sales and the practice of naked short selling. Without immediate and real Continue reading A Rally Now Is Not A Surprise March 23, 2009, at 5:43 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostDear CIGAs, A comment on today’s Treasury plans for financing private investments in defunct OTC derivatives: "Giving money and power to government is like giving whiskey and car keys to teenage boys." – P.J. O’Rourke, Civil Libertarian Jim Sinclair’s Commentary Sorry Paul, There is no practical solution Having paid out OTC derivative winners Continue reading In The News Today March 22, 2009, at 5:00 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostDear Friends: The Federal Reserve moves to self financing by buying tons of US Treasury instruments in a clear message that: Inflation = Good Deflation = Bad Therefore: Higher price of Gold = Good Lower price of Gold = Bad Which also infers that: Higher dollar = Bad Lower dollar = Good. This simple Continue reading In The News Today March 22, 2009, at 4:57 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostJim, This reverse head and shoulders continuation pattern yields a target of 1300 based on the upside down head at 700 and the neck line at 1000. That difference of 300 added to the neckline yields a pattern based target of 1300 minimum. Thanks to philbond007 for the chart. CIGA Ken Dear Continue reading Jim’s Mailbox March 20, 2009, at 11:20 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostDear CIGAs, I would like to send a special thank you out to the following: CIGA Green hornet CIGA Arlen CIGA Jeff CIGA Dr. Bob CIGA Rusty Bayonet CIGA Omid CIGA Eric CIGA Annette CIGA Salim Your help is deeply appreciated. Sincerely, Jim
Jim Sinclair’s Commentary Dean Harry speaks to us. His great Continue reading Jim’s Mailbox March 20, 2009, at 11:13 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostDear CIGAs, The Death of the Dollar is set in cement. $1 trillion deficits seen for next 10 years By ANDREW TAYLOR WASHINGTON (AP) — President Barack Obama’s budget would generate deficits averaging almost $1 trillion a year over the next decade, according to the latest congressional estimates, significantly worse than predicted by the Continue reading In The News Today |
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