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Pretend and Extend: The Reason Gold Will Reach $1650 And Beyond

Dear CIGAs,

In my opinion there are two reasons why gold will, without any reservation, trade at $1650 after which it will seek both Alf and Martin’s price objectives.

For those with ears to hear it was outlined this morning in an interview with the top man of Starwood Real Estate on, of all

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Jim’s Mailbox

Dear Jim,

I’m left without words reading the original sales price for these properties and the amount they just sold for at auction.  Isn’t it surprising how F-TV doesn’t discuss this?

CIGA Marc77

Another Conservatory Lot and a Ginn-Developed Hammock Beach Condo Sold at December Tax Deed Sale Several properties scheduled to be sold

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Profit Centers Too Big To Fail

LETTERS TO THE EDITOR – Profit centers too big to fail. By YRA HARRIS.

30 August 2002 Financial Times From Mr Yra Harris.

Sir, John Plender ("How banks got in a mix", August 21) correctly identifies the systemic dangers that accompanied the passage of the Graham-Leach-Bliley act. The repeal of Glass-Steagall has pushed the

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In The News Today

Dear CIGAs,

Being in gold is not for the faint of heart. Very soon we will be going the other way.

Jim Sinclair’s Commentary

Under the concept outlined to you this AM of "PRETEND and EXTEND," the following guarantees a gold price of $1650 on its way to Alf and Martin’s numbers.

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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

Yesterday In the Dollar And Gold

Dear CIGAs,

1. A $150 million dollar reverse repo called a ‘test’ is a joke. This is not a tool that is capable of draining international liquidity and the Fed has made their position clear. The US dollar will remain the carry trade currency of choice more than likely into 2012.

N.Y. Fed accepts

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In The News Today

Jim Sinclair’s Commentary

You wonder why Greece has financial problems?

Jim Sinclair’s Commentary

This world has its head buried so deep in the ground that some honestly believe OTC derivatives have some redeeming features.

They do not, not one.

If a clearing house is ever formed to clear credit default swaps,

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Jim’s Mailbox

Greetings Jim!

Below is the latest Gold Currency Index daily chart.  The correction following the essentially parabolic move from late October is progressing as expected, and we are now approaching uptrend support.  We’ll probably experience relatively violent chop over the next several weeks as the uptrend consolidates before ultimately moving up to new highs.

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