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October 27, 2009, at 12:10 pm
by Jim Sinclair in the category Jim's Mailbox |  Print This Post |  Email This PostJim, I agree. The time for a top in gold and a bottom in the dollar is all wrong. Multi-month trend consolidations do not end weeks after the breakout. The 2006-2007 trend consolidation lasted 16 months. The resulting breakout produced a powerful 7-month, 35%+ rally from the breakout. In comparison, the 2008-2009 consolidation lasted Continue reading Jim’s Mailbox October 26, 2009, at 11:36 am
by Jim Sinclair in the category In The News | Print This Post | Email This Post"Let China sleep, for when the dragon awakes she will shake the world." –Napoleon Bonaparte, 1803 Dear Friends, I would suggest that a dollar rally, lower euro and gold is more than just good luck with option expirations and the largest of all US Treasury auctions this week. Think CIT and Capmark before Continue reading In The News Today October 26, 2009, at 11:31 am
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostDear Mr. Sinclair, This afternoon on JSMineset you stated the following, "Stop QE and everything will all come falling down including the US dollar in an amazing flop." I know as you do that business conditions within the United States are terrible and that no meaningful Main Street led recovery is in the cards Continue reading Jim’s Mailbox October 25, 2009, at 8:31 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostJim Sinclair’s Commentary Mass customer withdrawals do not ruin a bank that wasn’t primed for ruin anyway. Whatever stopped the takeover was defined in due diligence. The financial problems of the West are not yet solved. Depositors bring down Dutch bank By Paul Lewis Customers of the Dutch bank DSB have forced it into Continue reading In The News Today October 25, 2009, at 8:30 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostJim, "Many in the gold family have their shorts in a knot concerning an article quoting Professor Roubini that unless we get extreme inflation or extreme deflation those like myself who say gold is going to $1224, $1650 and on to Alf’s numbers are wrong." "Professor Roubini did not mention gold’s role as a Continue reading Jim’s Mailbox October 24, 2009, at 4:26 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostIt is a cruel thought that, when we feel ourselves standing on the firmest ground in every respect, the cursed arts of our secret enemies, combining with other causes, should effect, by depreciating our money, what the open arms of a powerful enemy could not. –Thomas Jefferson Nouriel Roubini Saturday: Many in the Continue reading In The News Today October 24, 2009, at 4:19 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostJim, My guess is they will announce they have no more dollars to spend as they spent it all. What a shocker. CIGA BJS China Minmetals eyes gold mines in Australia, Canada 22 Oct 2009 By Rujun Shen and Joseph Chaney Chinese state-owned metals trader China Minmetals Corp. is looking to buy gold mines Continue reading Jim’s Mailbox October 23, 2009, at 2:45 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostDear CIGAs, Click the chart below to enlarge in PDF format
Jim Sinclair’s Commentary You are seeing the very fabric of the securitized investment vehicle mortgages being challenged in various ways, in various states. Here is an interesting question: Most servicers are owned by the same company that is the Continue reading In The News Today |
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