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Monthly Gold Charts From Trader Dan

Dear CIGAs,

Click the charts below to enlarge today’s Monthly Gold and Broad Dollar Index charts with commentary from Trader Dan Norcini.

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In The News Today

Jim Sinclair’s Commentary

This is a very sad article as it speaks to the moral and ethical bankruptcy of government and finance.

Why Congress Won’t Investigate Wall Street Republicans and Democrats would find themselves in the hot seat.

The famous Pecora Commission of 1933 and 1934 was one of the most successful congressional

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A Special Congratulations To CIGA BT!

Dear CIGAs,

It can be easy to forget what is really important to us with so much happening in the world today.

We would like to take a moment to offer a special congratulations to a member of our Comrades In Golden Arms community, CIGA Big Tatanka.

He is the proud new father

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The Weight On Gold

Dear Friends,

The weight on the gold price is due to the influenza master chart painting.

The rub of this paint brush is that the COT is painting the charts repeatedly every time the word PANDEMIC is raised.

Just look at the timing of the slam down in the past week. Outstanding CRIMEX work!

Continue reading The Weight On Gold

Jim’s Mailbox

Jim,

Below is a very good interactive map of the vanishing employment across the country.

The last 6 months are SCARY.

CIGA Tom

Click image to open the interactive map in a new window.

 

Jim,

For your info.

Thanks for all you do for us!

Respectfully, CIGA Bernie

Extreme Home Makeover Depression

Continue reading Jim’s Mailbox

The Largest National Economy With The Largest Financial Problems

Dear CIGAs,

Exogenous events that cause slower economic activity of duration for any reason, be that the bankruptcy of Chrysler Motors, General Motors, or influenza results in:

The largest national economy has the largest financial problem.

Lesson here:

1. Great expenses for both Federal and State governments. 2. Drastically lower income tax receipts both

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Gold was greeted in New York with the usual selling pressure turning the daily chart pattern increasingly less friendly after bulls failed to push price above the downsloping trendline resistance shown on the attached chart. That trendline continues to dominate the daily chart technical picture and until bulls can shove prices convincingly

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In The News Today

Dear CIGAs,

This might be what the reporter thought he heard, but Volcker was specific.

Level off yes, but the crap is here to stay.

By the way, did anyone see any of that Fiscal Stimulation often discussed during the very early period of this administration?

My street still looks like the day after.

Continue reading In The News Today