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CIT to Carpet Bomb Middle American Business

Dear CIGAs,

The so called quick surgical bankruptcy of CIT will result in a company that will only be able to provide 20% of its previous level of financial services to Middle America according to Friday’s Wall Street Journal.

Any institutions replacing these services will have:

1. Higher levels of credit worthiness to be

Continue reading CIT to Carpet Bomb Middle American Business

In The News Today

To the CIGAS all round the world:

In times of change, learners inherit the earth, while the learned find themselves beautifully equipped to deal with a world that no longer exists. –Eric Hoffer – Longshoreman, Philosopher

My Dear Friends,

The upcoming legislation defining the powers of the Federal Reserve as the umpire

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Jim’s Mailbox

Jim Sinclair’s Commentary

Here is an important opinion that should be given serious consideration.

Dear Jim,

I doubt the Chinese will allow meaningful appreciation of their currency under the current dollar system. I propose that they are way too smart to do that. Revaluation of the Renminbi forces the Chinese to bear the brunt

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Monthly Charts From Trader Dan

 

Click here to view this month’s action in Continuous, Euro, Japanese Yen, British Pound, Australian and Canadian Dollar Gold with commentary from Trader Dan Norcini

Jim’s Mailbox

Jim,

In response to Ira’s comments…

The US devalues, which in essence devalues the Renminbi. This leaves the European exporters bearing the brunt of the dollar devaluation.  As their slice of the exporting pie begins to shrink, they naturally complain. Rumblings about competitive Euro devaluation begin to emerge. Even if a Euro is weakened,

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In The News Today

"It feels so good to be in gold" –CIGA JB Slear & accomplice

Jim Sinclair’s Commentary

There is no question that we are headed for a second lock up in credit.

We are headed for a second round of bail outs.

When CIT stops middle America stops. It makes you wonder if

Continue reading In The News Today

Hourly Action In Gold From Trader Dan

Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini

Yra Harris Speaks On The Action In The Euro

Jim Sinclair’s Commentary

My former partner Yra Harris, a man married to no singular market, speaks of the proceedings in the euro today and it implications across the board. Read Yra not for the penchant of minute to minute madness, but for his enlightened outlook on what this all means to the US dollar

Continue reading Yra Harris Speaks On The Action In The Euro