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November 6, 2009, at 10:20 pm
by Jim Sinclair in the category In The News |  Print This Post |  Email This PostJim Sinclair’s Commentary The score for this Friday is 4 broken banks so far at 8 PM this evening. Bank Closing Information – November 6, 2009 These links contain useful information for the customers and vendors of these closed banks. Gateway Bank of St. Louis, St. Louis, MO Prosperan Bank, Oakdale, MN Continue reading In The News Today November 6, 2009, at 10:17 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostJim, More and more countries are getting frustrated with the U.S. U.S. international influence is losing ground very, very quickly. After Pakistan, Israel, Japan, China, now we have the Arab league. And at a certain point Europe (disagreement on financial regulation and executive bonuses). The reasons for this frustration are various: economical, financial, geopolitical. Continue reading Jim’s Mailbox November 6, 2009, at 2:55 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear Friends, By now the government’s data release of this morning’s unemployment number is already baked into the market cake. The crummy news served to reinforce the notion, that helicopter Ben and company will continue their mission of protecting us all from global warming by filling the air with so many scraps of paper Continue reading Hourly Action In Gold From Trader Dan November 6, 2009, at 12:23 pm
by Jim Sinclair in the category General Editorial | Print This Post | Email This PostDear Friends, Gold traded above $1100 this morning. The US dollar is not a safe haven regardless of what F-TV tells you. Gold is headed to $1224, $1650 and then on to Alf’s numbers. Shorts still attempting to hold down juniors will fail. Majors with huge short of gold derivative losses have endangered their Continue reading Shorts Have Limited Lifespan Left November 5, 2009, at 9:00 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostDear CIGAs, Martin Armstrong has written a new article titled "Is America On The Verge Of Another Bank War? Should We End The Fed Or Goldman Sachs?" The subject is something we have spoken about here. The Fed is under political pressure not to SAY or DO anything that would be perceived by the Continue reading In The News Today November 5, 2009, at 7:47 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostDear Jim, How do the majors seem to survive covering short of gold derivatives without going broke? Why did they wait so long? CIGA Arlen Dear Arlen, Have you not seen that each of the majors experiencing this do two things: 1. They sell everything they have that is not in full production. 2. Continue reading Jim’s Mailbox November 5, 2009, at 2:59 pm
by Jim Sinclair in the category General Editorial | Print This Post | Email This PostDear CIGAs, GDP Analysis: PCE Unbelievably, PCE/GDP continues to expand despite the evolving financial crisis. What this suggests is that the stimulus/bailouts have done little to shift the U.S. away from a consumption-centric economy. As long as excessive consumption relative to investment exists, the U.S. structural deficits will worsen in the future. GDPI Consumption Continue reading GDP Breakdown and Commentary November 4, 2009, at 8:54 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostDear CIGAs, Today’s major event was FOMC’s unanimous decision to keep "Interest rates exceptionally low" for an "extended period of time." This means that US dollar will remain the carry trade currency of choice as we transit to new ground with a major reserve currency as a carry trade currency. There are no rules Continue reading In The News Today |
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