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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini

Jim’s Mailbox

Dollar and Long Bonds Tuesday, December 22, 2009

Volume continues to shrink within gap resistance. This suggests upside force is waning.

UUP (U.S. Dollar Index ETF):

Swing high breached with volume confirmation despite the pre-holiday session. This implies lower bond prices or high yields over the short-term. The intermediate-term magnets as illustrated in

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Jim Sinclair’s Latest Interview On KingWorldNews.com

Dear CIGAs,

Please click the following link to hear Jim Sinclair’s latest interview on www.kingworldnews.com. With the gold market under pressure, it is an important listen.

Click here to listen to the interview…

Hourly Action In Gold From Trader Dan

Dear CIGAs,

There appeared to be more carry trade unwinding in today’s session with noisy chatter about the “improving” US economy engendering an interest rate hike next year. I don’t buy it but it is the current market psychology. That, in combination with the woes besetting some of the various Euro member countries, has

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In The News Today

Jim Sinclair’s Commentary

Gold is now a matter of national security in the USA.

This requires serious consideration.

Chinese Group Won’t Buy U.S. Gold Mining Concern By ERIC LIPTON Published: December 21, 2009

WASHINGTON — A company controlled by the Chinese government has notified the Obama administration that it was withdrawing its application to

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The Common Economic Union Of The States

Dear Extended Family,

I have to compliment LEAP 2020 for their astute observation that the present Management of Perspective Economics focuses on the Euro painting lesser member’s problems as a death rattle for the European common economic union. When comparing GDP of all these entities, none comes near the share of GDP that a

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Jim’s Mailbox

Dear Jim,

Inadvertent slag sales and miscounts lost 17,500 troy ounces? I suppose that’s easier than saying we found tungsten/lead filled bars.

"More than $3 million in government gold was unwittingly sold off at a fraction of its value as refinery slag, while $8 million more was miscounted and never left the Royal Canadian

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In The News Today

Jim Sinclair’s Commentary

I understand the Chinese are considering the manufacturing of OTC derivatives, Securitized Investment Vehicles and Credit Default Swaps to fall under this part of felony with similar punishment.

Woman, 28, sentenced to death for defrauding investors Xinhua, December 20, 2009

A businesswoman was sentenced to death in east China’s Zhejiang Province

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