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Jim’s Mailbox

Jim,

S&P 500 and the VIX Commercial Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest:

Interesting COT F&O outflows in the VIX.

Regards, CIGA Eric

Jim,

Board of Governor Monetary Base, Adjusted for Changes in Reserve Requirement:

Change in the quantity of the

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In The News Today

Dear CIGAs,

Note that the talk of regulation on over the counter derivatives now speaks of a clearinghouse for standardized derivatives. Someone just recognized that all the previous derivatives written cannot be cleared because they are almost a transaction without standards. That means all those transactions outstanding are still weapons of mass financial destruction

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Jim’s Mailbox

Dear CIGAs,

Please note the open interest in the December $1000 calls.

Click chart to enlarge

Jim,

Break Down of Total Bank Credit Growth: Year-over-Year Growth for Total Loans, Business Loans, Real Estate Loans, Home Equity Loans, Consumer Loans, and Cash Assets for Commercial Banks in the US:

Comments:

The crisis intensifies

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Alf Fields and Martin Armstrong Will Be Proven Correct

My Dear Friends,

I have a great deal of certainty that both Martin Armstrong and Alf Fields are going to be proven 100% correct in their predictions that gold finds or has found its low in this month to be followed by a dynamic move to the upside.

This move will not be modest

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TIC Charts From Trader Dan Norcini

 

Click here to view today’s Balance of Trade, Treasury Holdings, Foreign Treasuries, Notes and Debt Purchases, Foreign Net Stock and Foreign Purchases of Bonds charts with commentary from Trader Dan Norcini

Gold and Dollar Market Summary

Dear CIGAs,

The raging Dollar provided the impetus for a wholesale algorithm-generated disposal sale across the entire commodity complex in today’s session. One of the concerns I have voiced as recently as last week has been the fact that price is no longer being set for many commodities in the arena between end users

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In The News Today

Dear CIGAs,

To sum up the day, there is no question that the Fed hit the panic button as the long bond fell to the 28 year up trend line. The reason the bonds came apart testing that level was the statement by Russia, China and Brazil that they wished to switch US Treasuries

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Lawyer Talk From Russia’s Finance Minister

Dear Friends,

Today is made up of lawyer talk from Russia’s Finance Minister Kudin. He is calling the dollar "irreplaceable" as a reserve currency at a time when China, India and Russia have all simultaneously reported significantly REDUCING their purchases of US dollar instruments. I am sure he is talking his position while today

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