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September 30, 2009, at 3:48 pm
by Jim Sinclair in the category In The News |  Print This Post |  Email This PostBarrick and its OTC Short of Gold Derivative Obligations: I am asked constantly how Barrick can cover all their hedges. The answer is quite simple. Barrick does not have to buy one ounce of gold. You buy your way out of hedge contracts with paper money. The simple question is what does Continue reading In The News Today September 30, 2009, at 3:10 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostHi Frank, Jim Sinclair once wrote that when we look back on gold we will see that it went up in a straight line as much as any market can. Graph these numbers and take a look: 3/31/04 – 427 6/30/04 – 392 9/30/04 – 418 12/31/04 – 437 3/31/05 – 427 6/30/05 – Continue reading Jim’s Mailbox September 30, 2009, at 1:53 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear CIGAs, It would appear that yesterday’s move higher in the mining shares as reflected by the up day for the HUI was a precursor of things to come in the gold pit. With the HUI popping back above both its 10 and 20 day moving averages, momentum buying was seen in the Comex Continue reading Hourly Action In Gold From Trader Dan September 29, 2009, at 5:36 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostDear CIGAs, Here is an unusual problem at a South African mine. No it is not a circus elephant, this is the real thing. Dear CIGAs, Ayn Rand wrote the following about those who are best described as Profiteers of Destruction: "Your laws don’t protect you against them, but protect them against Continue reading In The News Today September 29, 2009, at 3:30 pm
by Monty Guild in the category Guild Investment | Print This Post | Email This PostDear CIGAs, The end of September is here. We wish you a happy and healthy fall season in the northern hemisphere and spring in the southern hemisphere. THE G-20 MEETING Last Thursday and Friday, the G-20 meeting was held in Pittsburgh. At this meeting, it was decided that world economic power, which had been Continue reading Market Commentary From Monty Guild September 28, 2009, at 2:36 pm
by Monty Guild in the category In The News | Print This Post | Email This PostWhen you see that trading is done, not by consent, but by compulsion — when you see that in order to produce, you need to obtain permission from men who produce nothing — when you see money flowing to those who deal, not in goods, but in favors — when you see that men Continue reading In The News Today September 28, 2009, at 2:23 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostJim, Salient points: 1. All the leverage is still there (i.e. nothing has been solved). 2. Banks are hoarding taxpayers money and not lending. 3. Equities are priced for a massive recovery, which current lending implies is simply not going to happen. Here’s a link to the video… Regards, CIGA Pedro
Hi Jim, Continue reading Jim’s Mailbox September 27, 2009, at 8:42 pm
by Jim Sinclair in the category General Editorial | Print This Post | Email This PostDear Friends, I hear from so many of you. I am the focus of so many emails from you. My fax machine goes through more paper and toner than you could ever imagine. Your fear, emotions and confusion communicate to me in more ways than you know. The gold community had very little to Continue reading The Cries For Help |