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In The News Today

Dear CIGAs,

Due to the Republican victory in Massachusetts yesterday, the general commentary on F-TV is that the USA looks really good. The MOPE on Greece is going wild.

The dollar is no safe haven and will not guarantee the maintenance of buying power.

The large purchases by non US entities of US Treasuries

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Jim’s Mailbox

Jim,

I will add only one observation to today’s maelstrom of press releases and market gyrations concerning Chinese loan/interest rate decisions: Who is now controlling whom? Do we need to know anything else? They pip – we squeak. We are living through a momentous change in world history.

Sincerely, CIGA Pedro

 

Jim,

The

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Trader Dan Comments On China’s Credit Tightening

Dear Friends,

As you know by now, China announced last evening that they intended to tighten credit availability in an attempt to stave off “overheating” in their economy. The markets today interpreted this event as evidence that inflation fears are unwarranted. Thus the bids beneath the gold market evaporated, allowing the bears to push

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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.

Trader Dan Comments On November’s TIC Data

Dear Friends,

The Treasury International Capital Flows data covering November 2009 (remember it is about two months behind the current month) reveals a huge surge in capital flows predominantly as a result of a massive buying binge in US Treasuries. I keep data going back to 2005 and November’s Treasury buying was the largest

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In The News Today

Final Thought For Today:

Assuming the report below of a Republican win in Massachusetts is correct, there are two things you can be absolutely sure of.

1. A total panic over unemployment with untold amounts of dollars being thrown at the economy.

2. If "BB" Ben Bernanke moves one inch off the "QE to

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Jim’s Mailbox

Dear Mr. Sinclair;

This afternoon I met with the salesperson for one of our regional suppliers who specializes in importing their own line of hands tools.  He informed me that they are seeing price increases on a number of items due to the rising cost of raw materials such as steel, oil, aluminum and

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The MOPE Light That Shines On The Dollar

Dear Extended Family,

The only light shining on the dollar is the shadow cast by a barrage of MOPE over the implications of Greece and the weaker members of the euro financial problems, and now the discovery that the economic recovery in Euroland is nothing to write home about.

By comparison, there is total

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