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Yra Harris On What December Holds

Dear CIGAs,

The end of November, the leaves are gone, the trees are bare and the markets become thinner into the holiday season of December. Now we may accept that 2+2=5 but we are not Decembrists. The markets will be wild and probably somewhat anarchical so we advise caution as we enter this, the

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In The News Today

Dear CIGAs,

Gold’s independent action among other stimulants is a product of the recognition of three factors:

1. The financial problems of the Western world have infected the imitators.

2. The solution will be the same wherever it occurs, which is Quantitative Easing.

3. There currency based inflation will not only occur but it

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Jim’s Mailbox

Jim,

Top Now? Nope!

CIGA Eric

Click charts to enlarge in PDF format

 

Dear Jim,

The following article provides an unusually forceful and specific confirmation of what contributors here have been saying regarding China’s plans to diversify its foreign exchange reserves by acquiring gold and other hard assets. An official is

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Yra Harris On Dubai

Dear CIGAs,

We open tonight’s notes with the sage words of Rudyard Kipling from the poem “IF.”

“If you can keep your head when all about you Are losing theirs and blaming it on you, If you can trust yourself when all men doubt you,” More…

“But make allowance for their doubting too.”

These

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In The News Today

Jim Sinclair’s Commentary

A view from the Asian golden bridge

China, gold, and the civilization shift By Ambrose Evans-Pritchard Economics Last updated: November 26th, 2009

Stephen Jen from the hedge fund Blue Gold Capital has a warning for those who think that gold has risen far too high, is necessarily in

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In The News Today

Jim Sinclair’s Commentary

23% of all US mortgage holders are underwater as the sale value of their property falls below the cost of settling their mortgage. That means Negative Equity.

Strategic Walk Away is becoming common.

Drain what? Are you kidding?

One in Four Borrowers Is Underwater By RUTH SIMON and JAMES R. HAGERTY

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In The News Today

Dear CIGAs,

Today’s attack on gold and buying of the dollar was like a recent polar bear attack on a tourist in Churchill, Canada’s far north.

Jim Sinclair’s Commentary

Grabbing at straws? A sign of concern? A guarantee of QE to infinity?

Federal Reserve tries theater ads to burnish its image Spots

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Jim’s Mailbox

Jim,

This article describes some flaws of the CDS contracts as well as first test settlement as companies start to have debt problems.

Best regards, CIGA Christopher

Dear Christopher,

Weapons of mass financial destruction remain weapons of mass financial destruction regardless of whether they are wearing a suit over jeans.

Regards, Jim

Default Swap

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