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Jim’s Mailbox

Hi Jim and Dan,

Did you guys discuss how just before the takeover announcement yesterday thousands of October 20th calls traded in PER when there is zero volume and open interest otherwise (in all months and strikes I might add). I am almost sure nothing will be done about this.

The craziness doesn’t end

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

The HUI has run into selling pressure centered near the 450 level and has retraced some ground finding support above the former late May/ early June top at 405. There looks to be stronger support near the 376 level should that not hold. As I write this the HUI is well off

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The US Dollar – The Carry Trade Currency of Choice.

Dear CIGAs,

In order to understand the upcoming violence in the US dollar price you need to study and consider the following.

I am going to present this as simplified as possible as it is an area not commented upon by most gold analysts, probably because they haven’t a clue.

It is vital

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Trader Dan Comments On The Condition Of The Gold And US Dollar Markets

Dear Friends,

Please review the following two charts to give a brief technical look at both gold and the US Dollar.

Speculative long positions continue to grow as they look to drive gold higher in the face of concerted opposition by the bullion banks with swap dealers also favoring the short side. The latter

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In The News Today

Dear CIGAs,

Here is the newest addition to the family. My daughter rescued this little guy from the Jack orphanage. He is the one and only “Jacket.” He is a new breed that looks a lot like a Jack Russell and a Basset Hound.

Jim Sinclair’s Commentary

This says it all.

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The WHY Of "This Is It"

Dear CIGAs,

The argument that SIVs and other mortgage based OTC derivatives, plus general loans, should not be marked to proper market values or written off assumes that these vehicles will over time regain their asset worthiness. The other assumption is that the underlying values upon which these items were contracted in the first

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The Rearranging Of Index Tracker Funds

Dear Jim,

S&P/TSX Index Tracker Funds:

When an Index Tracker Fund is the major seller of an issue because an exchange member and a representative of S&P, the bond rating agency, make this private and not transparent decision to rearrange the Index, by when must the Index Tracker Fund complete their sales?

Regards,

The

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In The News Today

Jim Sinclair’s Commentary

Think long and hard about where all the leverage has landed in the process of de-leveraging the miscreants who caused the massive Western problem. That place is the common share of this entity, the US dollar.

Uncle Sam Bets the House on Mortgages SEPTEMBER 18, 2009 BY PETER EAVIS

More than

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