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Jim’s Mailbox

Dear Jim,

More unmistakable proof of The Formula in action.

Best regards, CIGA Richard B.

Soaring U.S. Budget Deficit Will Mean Billions in Bond Sales By Michael McKee

April 22 (Bloomberg) — Millions of lost jobs mean billions in lost tax revenue for the U.S. government, and billions in additional Treasury debt to fund

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Hourly Action In Gold From Trader Dan

Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini

In The News Today

Dear CIGAs,

Tore up $38.6 TRILLION in overlapping contracts?

That sound like an interesting financial transaction.

I think we need a tad more explanation of this massive disappearing act.

Credit Swaps Market Cut to $38 Trillion, ISDA Says 2009-04-22 07:59:13.968 GMT By Katrina Nicholas and Abigail Moses

April 22 (Bloomberg) — Credit-default swap dealers

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In The News Today

Dear CIGAs,

As goes Motors, so goes the USA.

GM to close down 1,700 dealerships by June 1st tryme submitted on 4/16/2009 Official AutoSpies Timestamp: 7:06:28 AM

GM has accelerated its restructuring as the impending June 1 deadline approaches along with Chapter 11 speculations.

The

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Gold Spreads: The Real Gold Market Speaks

Dear Friends,

The vast majority of those who read this site are fully aware of the shenanigans of the bullion banks over at the Comex and how they continue to bamboozle the hedge funds whose automaton-like response to momentum trading prevents them from beating this group at the paper game by standing for delivery

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IMF Gold Sales Not A Factor In Gold’s Price

Dear CIGAs,

Since there will be many statements made concerning IMF intentions and means, it is a good idea to understand what the IMF itself is saying in regards to your questions.

The IMF is not a factor in the gold price other than its value as spin. Its value as spin is limited

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Jim’s Mailbox

Dear Mr. Sinclair,

I found a particular point of interest in the following article which I have placed in bold, italic text:

“”The United States transfers dollars to the IMF under the NAB, the United States receives in exchange another monetary asset in the form of a liquid, interest-bearing claim on the IMF, which

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The Geopolitical Outlook For 2009

Dear Extended Family,

There is a great deal of importance in today’s market action of gold. I anticipate a combination of events on the 19th and a date in June to lead to the perfect turning point action in gold, even if the dates are a few days off.

June is actually much more

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