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July 15, 2009, at 1:56 pm
by Dan Norcini in the category Trader Dan Norcini |  Print This Post |  Email This PostDear CIGAs, The combination of a sharply lower dollar and a somewhat higher-than-expected CPI reading, was enough to send gold sharply higher as it plowed into some upside buy stops that sent it into resistance centered around the $940 level. The move higher serves to confirm yesterday’s move away from $900 validating that as Continue reading Hourly Action In Gold From Trader Dan July 15, 2009, at 1:55 pm
by Monty Guild in the category Guild Investment | Print This Post | Email This PostDear CIGAs, TALK IS CHEAP Here are the numbers for the first nine months of the 2009 U.S. fiscal year, which ends September 30th. Federal receipts are down 18% from 2008 levels. Individual income tax receipts are down 22%, and corporate tax receipts are down 57%. Meanwhile, federal outlays are up…a lot. The budget Continue reading Market Commentary From Monty Guild July 15, 2009, at 1:35 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostJim, The pension problem gets more complicated while the downward spiral continues. CIGA Jeff Calpers Sues Over Ratings of Securities By LESLIE WAYNE Published: July 14, 2009 SACRAMENTO — The nation’s largest public pension fund has filed suit in California state court in connection with $1 billion in losses that it says were caused Continue reading Jim’s Mailbox July 15, 2009, at 3:46 am
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostHello Mr. Sinclair, Your "Formula" is making more sense to some hedgies. Regards, CIGA Jeff Greenlight Holds Bullion, Buys Reinsurance Stocks (Update1) By Saijel Kishan July 14 (Bloomberg) — Greenlight Capital Inc., the $5 billion hedge-fund firm run by David Einhorn, July 14 (Bloomberg) — Greenlight Capital Inc., the $5 billion hedge-fund firm run Continue reading Jim’s Mailbox July 14, 2009, at 6:44 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostDear CIGAs, The madness continues. How many of these swaps, better known as Credit Default OTC derivatives, do you really believe are properly hedged or just ratio hedged? Ratio hedge is a nice way of saying not hedged. There is very little difference between how MBIA guaranteed against financial failure (which was a cartoon) Continue reading In The News Today July 14, 2009, at 1:28 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This Post"It is better to approximately right than precisely wrong." – Fortune Magazine, 1994 Chairman Jim, The de-leveraging and default of the Formula is absolutely inexorable, and may well accelerate with the commercials also dropping now. Housing is hopeless. Medium and small banks are toast. CIGA Ursus Terribilis. July 13, 2009, at 5:29 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostDear CIGAs, The following is a link to my interview on the Summit Business News Channel. Click it to view the video. http://www.summit.co.za/video/face2face/20090710 Views from Joberg 1. Bloomberg says that Bernanke may give his blueprint for how to withdraw the enormous monetary stimulus injected into the world economy. Since there is NO practical Continue reading In The News Today July 13, 2009, at 1:53 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear CIGAs, It is amazing what one little ol’ analyst can create with a “buy” recommendation on Goldman Sachs. That is exactly what happened this morning to lift the US equity markets higher after they were down sharply overnight in the futures markets on the news concerning CITI. That was all promptly forgotten after Continue reading Hourly Action In Gold From Trader Dan |
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