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Dear CIGAs,
Back in the old days when charts were kept in caves and we wore animal skins going to Wall Street, aka my time, the type of a formation in gold is exactly like a step ladder known then to us as a Swiss Stair.
It was rare and had to have a
Continue reading Comments on Today’s Chart From Trader Dan
Dear CIGAs,
The fallout from the G20 summit over the weekend was sharp and predictable – in the absence of any comments about the level of the US Dollar, currency traders began to beat it with an ugly stick within mere moments of the opening of the Forex markets. In the process traders drove
Continue reading Hourly Action In Gold From Trader Dan
November 9, 2009, at 2:12 pm by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This Post
Jim,
This recent segment from "60 Minutes" is a must-see for anyone concerned with cyber attacks and threats to our national security.
If the power grid on the East Coast was sabotaged in a cyber attack, the ensuing chaos would make 9/11 look like mere child’s play. Our adversaries apparently have the capability and
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November 9, 2009, at 12:23 am by Jim Sinclair in the category In The News | Print This Post | Email This Post
Jim Sinclair’s Commentary
Clearly the nukes are at risk, but so are those with the knowledge and the means of production.
The anti-Americanism is high in Pakistan and many will see this as an invasion of sorts.
US, Pakistan negotiate nuke security deal: report
WASHINGTON — The United States has been negotiating highly sensitive
Continue reading In The News Today
November 9, 2009, at 12:00 am by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This Post
Dear Jim,
A century ago Rudyard Kipling wrote a poem that foresaw the decline of the empire of his country, Great Britain. Kipling’s poem attributed this decline to the loss of the old virtues, the virtues that were listed at the top of the pages in the special notebooks, called "copybooks," that were given
Continue reading Jim’s Mailbox
My Dear Friends,
I have spent this afternoon attempting to formulate an article on the junior gold shares with something new to tell you.
This has not proven easy.
It might be because I have given so much of myself to a project where I have had to fight my way past those who
Continue reading Gold Attracting A New Class Of Investor
November 7, 2009, at 8:43 pm by Jim Sinclair in the category In The News | Print This Post | Email This Post
Jim Sinclair’s Commentary
This one is a humdinger.
Note the letter from CIGA Richard B who looked at all five from Friday in light of an undercapitalized FDIC. Drain liquidity or reduce QE? You have to be kidding.
Apparently they waited to announce the fifth failure of the week! Based on the size of
Continue reading In The News Today
November 7, 2009, at 8:34 pm by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This Post
Dear Jim,
The FDIC closed another five banks on Friday 11/6/09. I find the details of the closings more interesting than the number of banks closed, though both figures are quite sobering.
The largest bank closed was United Commercial Bank of San Francisco, California, which had (according to the FDIC’s Press Release) 63 branches
Continue reading Jim’s Mailbox
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