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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
October 31, 2009, at 2:13 pm by Jim Sinclair in the category In The News | Print This Post | Email This Post
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
Continue reading In The News Today
October 31, 2009, at 1:50 pm by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This Post
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
Continue reading Jim’s Mailbox
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
October 30, 2009, at 5:27 pm by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This Post
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,
Continue reading Jim’s Mailbox
October 30, 2009, at 5:19 pm by Jim Sinclair in the category In The News | Print This Post | Email This Post
"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
Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini
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
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