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September 24, 2009, at 6:30 pm
by Jim Sinclair in the category In The News |  Print This Post |  Email This PostDear CIGAs, Below are the FDIC numbers. There is no practical means of draining liquidity from the monetary system of the West. Absolutely none! The FDIC had $10.4 Billion in its fund at the end of June. These funds are there to protect more than $6.2 trillion in member bank deposits. Some well respected Continue reading In The News Today September 24, 2009, at 6:29 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostJim, "Whatever OTC derivatives do not do to them, business conditions and litigation will." –Jim Sinclair CIGA BJS Major Bear Stearns investor files fraud lawsuit Thu Sep 24, 2009 7:04pm EDT NEW YORK, Sept 24 (Reuters) – One of Bear Stearns Cos’ largest former investors has sued JPMorgan Chase & Co (JPM.N), two former Continue reading Jim’s Mailbox September 24, 2009, at 2:15 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear CIGAs, There appears to be a deadly contest occurring in the Dollar market over the 76 level on the USDX. As I have mentioned in my prior commentary, a closing downside breach of 76 and the USDX will promptly drop to 74. That will be enough to allow gold to shoot to $1,030 Continue reading Hourly Action In Gold From Trader Dan September 23, 2009, at 8:36 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostJim, I’ve bought the compendium so I hope you can steer me in the right direction if you cannot answer the question. I understand that derivatives (cds and other derivatives) is a huge market with many old contracts outstanding. I understand they are not transparent. I understand counter-party risk. I understand that they were Continue reading Jim’s Mailbox September 23, 2009, at 5:59 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostDear CIGAs, There are a number of important points to be made here: 1. Similar decisions have occurred in other states. 2. This is extremely important, but not necessarily a landmark. 3. The attempt at appeal will be backed by unlimited funds because of the serious ramifications in this state. 4. State by state, Continue reading In The News Today September 22, 2009, at 1:57 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear CIGAs, “Kerplunk” – that awful sound was the Dollar wiping out the all the meager gains of the previous two trading sessions and then some. It managed to avoid crashing through the low from Thursday of last week but just barely. Should that level give way on a closing basis, it is very Continue reading Hourly Action In Gold From Trader Dan September 22, 2009, at 1:48 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostJim Sinclair’s Commentary The concept utilized by the BIS to value OTC derivatives is "value to maturity," a computer program. Now consider when evaluating a SIV backed by a mix of mortgages determined by the computer program. What will value to maturity REALLY be worth 5 or even 10 years from today? It isn’t Continue reading In The News Today September 21, 2009, at 7:55 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostJim Sinclair’s Commentary This is an article written by Ron Paul that fits in nicely with our discussion this evening on the USA’s need for China and if the Administration’s advisors can see that need is as critical as it is. The Wall Street types who have no economic plan for the USA even Continue reading In The News Today |