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Trader Dan Comments On This Week’s Action In The Continuous Commodity Index

Dear Friends,

One of the fundamental inputs in a gold bull market is a steady rise in the price of commodities. While in a bull market, gold trades primarily as a currency, its association with the commodity world cannot be neglected in the sense that commodities become an asset class that is sought out

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In The News Today

Dear CIGAs,

So far this Friday 3 banks have been closed.

Bank Closing Information – December 11, 2009 http://www.fdic.gov/ These links contain useful information for the customers and vendors of these closed banks.

SolutionsBank, Overland Park, KS Valley Capital Bank, NA, Mesa, AZ Republic Federal Bank, NA, Miami, FL

Jim Sinclair’s Commentary

The

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Jim’s Mailbox

Jim,

Marginal outflows by commercial traders in the U.S. dollar continue as the dollar rallies. Any downturn in the dollar from here would complete the bearish setup. The decline in gold will end when the weak hands are flushed.

I am watching bonds closely.

CIGA Eric

Click charts to enlarge

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

I suppose we can all rest much easier these days as retail sales numbers out this morning indicate that the economy is on the mend and it is going to be a Merry Christmas season for all the folks selling toys and RV’s. I keep reading a lot of, “better than expected”

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When The Prechterites Attack

Dear Friends,

Last night I told you the return of Mr. P was coming. Here comes the spam perfectly timed to an F-TV interview.

It is the same message that has been sent for the last many years.

During the interview the email spam came pouring into my inbox. Next came 500 emails inquiring

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Two Major Projects For The Community

Dear CIGAs,

I have been working diligently with two people that I admire to create for the community what might be considered our last great campaign to inform those we care about who are still lost in “MOPE” and accept “Pretend and Extend” as some sort of economic recovery.

Project 1 is titled “Squeeze

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In The News Today

Dear CIGAs,

Here is a warning for you this evening:

Prechter is at it again. This time he is going low budget on YouTube. Next will come spam.

 

Jim Sinclair’s Commentary

Pretend and Extend.

U.S. Foreclosures to Reach 3.9 Million in Second Record Year Foreclosure filings in the U.S. will reach a record

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Jim’s Mailbox

Harm to Americans From "Pretend and Extend" by CIGA Richard B We have been discussing Washington’s strategy of letting US banks assign their own, individually calculated values to the least wanted, least sellable “toxic” assets on their balance sheets. This was accomplished by pressuring the Financial Accounting Standards Board (“FASB”) to suspend fair value

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