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Dear CIGAs,
The CCI is knocking on the door of the 50% retracement level – the reflation effort by the Fed has hot money pouring into that sector to the extent that it has recaptured half of its losses from July 2008, when the fallout from the credit meltdown began in earnest and the
Continue reading Hourly Action In Gold From Trader Dan
October 18, 2009, at 8:36 pm by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This Post
Jim,
Officials admit that THE FDIC bank fund is to stay in the red until 2012.
They are rather optimistic, evaluating bank failure costs to reach only $100 billion over the next four years.
Best regards, Christopher
FDIC bank fund in the red until 2012 Even as regulators try to replenish deposit insurance fund,
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October 18, 2009, at 8:31 pm by Jim Sinclair in the category In The News | Print This Post | Email This Post
Jim Sinclair’s Commentary
Pakistan is the most serious geopolitical situation on the planet. The why and who on this one will be more than interesting.
Iran accuses Pakistan over attack
Iran‘s president has accused Pakistani agents of involvement in a suicide bombing in south-east Iran targeting a group of elite Revolutionary Guards.
President Mahmoud
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My Dear Friends,
A significant number of articles written lately, some with superb prose and many sent to me by CIGAs, would convince you that the market in gold is simply a major move in a regular market and is therefore now well priced.
What is assumed by others is that in some way
Continue reading The Real Thing
October 17, 2009, at 5:54 pm by Jim Sinclair in the category In The News | Print This Post | Email This Post
Jim Sinclair’s Commentary
The 2006 Formula of the economic downward spiral is actually only the beginning.
State Revenue Falls Most Since 1963 on Incomes, Sales (Update2) By Jerry Hart and William Selway
Oct. 15 (Bloomberg) — U.S. state tax collections tumbled the most in almost half a century in the second quarter as the
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October 17, 2009, at 5:51 pm by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This Post
Jim,
The Auld Sod seems to have succumbed as well. I guess it’s the famine all over again. Soon the IMF will be coming to Dublin. God help us. The numbers are staggering:
"Mary Harney, health minister and former deputy Prime Minister said,: ‘We’re spending € 500 million a week more than we’re raising."
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October 16, 2009, at 9:21 pm by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This Post
Dear Friends,
Eric’s comment below is another way of saying what Martin Armstrong has said concerning the form of the market event when confidence finally breaks in a currency.
The implosion in the currency in question will be similar to the birth of a black hole.
Gold will move up at least a few
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October 16, 2009, at 9:18 pm by Jim Sinclair in the category In The News | Print This Post | Email This Post
Jim Sinclair’s Commentary
Now let’s look at 2010.
CIT is in trouble, in the least, where its ability to service their clients at comfortable costs and in comfortable amounts is concerned.
CIT is to the general economy of Middle America what Lehman was to the financial world. There are plans for a $7500 government
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