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Jim’s Mailbox

Eric,

This is totally hysterical, and only something a governments and renowned experts possibly could do.

Regards,
Jim

New Lincoln penny, unveiled here, to feature union shield
CIGA Eric

The U.S. Commission of Fine Arts (a group that includes architects, art experts and others who make their livings creating pretty things) first recommended that 13 stalks of bound wheat decorate the back of the 2010 penny. Then, however, someone discovered that shafts of wheat also appeared on German coins minted during the 1920s and 1930s, the era when the German government was known as the Weimar Republic.

With history repeating, they should have went with it.

Source: http://www.sj-r.com

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Silver
CIGA Eric

Successful tape reading is a study of Force; it requires ability to judge which side has the greatest pulling power and one must have the courage to go with that side. – Richard Wyckoff

One the elite traders knew the importance of force without the benefit of computers to reveal it. The best traders simply feel it. As expected, SLV was found the gap. The force of the advance, however, was too weak to break it.

Reading the tape is a study of time and force. The trend needs time to build the energy/force necessary for a clean break of resistance.

Silver ETF (SLV)
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Source: en.wikipedia.org

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Jim Sinclair’s Commentary

MOPE is omnipresent says CIGA Down-Under.

Jim,

While the headline figures reads MOPE, the true fact was approx. 80% were part time (other words – CASUAL JOBS). Such labor output does not add value. Factor in another rate rise within next 2-4 months and Australia, the debt laden society, WIL BE FOLLOWING THE USA in its footsteps. Many think the resource sector will save Australia. Think again. 65-70% of GDP is property related, so watch what another few rate hikes in 2010 does down-under to this rate sensitive industry.

Total debt in Australia is the same at the level in US, although Australian Federal government. debt is not as high a % of GDP as in the US, UK or other Western Europe nationals.

CIGA Down Under