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Weekly Action In Gold From Trader Dan

Dear CIGAs,

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

In The News Today

Jim Sinclair’s Commentary

California is a functional state bankruptcy. 39 more states are right behind. It is not a question of if they will fail, but when they will admit it has already happened.

None of this is positive for the US dollar when you consider that Greece does not make up even 3%

Continue reading In The News Today

The Panic Button Has Been Pushed

Dear Friends,

This administration has its head in rarefied Wall Street air. They honestly believe the reason they lost Mass. was public anger at the banksters alone. Now they have set things in total flux both for the re-nomination of Bernanke and the loss of their bankster’s backing, but also at a time when

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Jim’s Mailbox

Dear Jim,

Did we just officially become a fascist state by allowing corporations to own the government with the courts fully behind them? Please see the attached definition.

CIGA Hen

"Fascism, pronounced /ˈfæʃɪzəm/, is a political ideology that seeks to combine radical and authoritarian nationalism[1][2][3][4] with a corporatist economic system,[5] and which is usually

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The Games Of The Paper Gold Market

Dear Friends,

Because of paper gold, market games can be played. What cannot be done is for paper gold to produce bullion.

The bullies can attack  the paper gold market in unison, but they cannot create supply in real bullion with the ease of highly leveraged paper.

The pros depend on the under-financed public

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In The News Today

Thought For The Day:

Get ready for bailouts of everything everywhere to levels beyond your wildest expectations.

Only gold can insure you against what is coming down as a product of the glib political decision made today to bury the financials in order to placate voters.

To add to the political panic in Washington

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Jim’s Mailbox

Jim Sinclair’s Commentary

Monty on Russia’s appetite for Canadian Dollars.

Hi Jim,

Check out an article in today’s FT entitled "Moscow buys Canadian dollars and bonds to diversify reserves” by Peter Graham.

A quote from the article states "Analysts said the move could be a sign of increased diversification of emerging markets central bank

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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.