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In The News Today

Dear Extended Family,

I believe the most important event at our Toronto CIGA meeting was the testimony of two attendees.

Two men spoke independently. One is a Canadian resident from Russia and the other from Poland.

Both said the same thing, "All the signs that preceded our inflation of more than 100% per year

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Jim’s Mailbox

Buffett Says Housing Woes to Ease Next Year, Barring Explosions CIGA Eric

“Within a year or so, residential housing problems should largely be behind us,” Buffett wrote yesterday in his annual letter to the shareholders of his Berkshire Hathaway Inc. “Prices will remain far below ‘bubble’ levels, of course, but for every seller or

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Trader Dan Comments On This Week’s COT Data

Dear Friends,

In looking over the Commitment of Traders data for this week, we find a rather sharp increase in open interest which is a healthy sign. Speculative money began rebuilding their long positions for the second consecutive week as the wholesale long liquidation which began in earnest November of last year has come

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Demand For Gold Robust Globally

Dear Friends,

Following are three charts of gold priced in terms of the Euro, the British Pound, and the Swiss Franc. The reason for the charts is to help keep us focused on what gold is doing on a global basis and not allow us to become tunnel-visioned ignoring the rest of the world

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In The News Today

Trader Dan’s Commentary

The financial health of any state is directly related to the financial health of its various cities and towns. Here is further evidence of the mounting crisis that is yet to erupt and make itself felt in the larger scheme of things.

The rating of a city’s or state’s bonds

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Jim’s Mailbox

Jim,

Tett agrees that Greece will have to be bailed out. But, we all need to consider the political ramifications of such a bailout. Merkel is toast when she does this. Who will replace her? Now boys and girls, if you will all open your history books…

CIGA Pedro

ECB keeps lid on Greek

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Market Commentary From Monty Guild

THE GLOBAL BANKING CRISIS CONTINUES…

STAGE 2: EUROPEAN SOVEREIGN DEBT UNDER ATTACK

Taken together, the Icelandic and Greek financial crises can be seen as the second stage of the larger global banking crisis.  The first stage of the global banking crisis, which began in late 2007, was centered in the European and U.S. mortgage

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Today was “Let’s buy commodities day” as fund money came back into the sector sending a large majority of the individual commodity futures higher. Copper was well bid all day as was crude oil with even natural gas getting a decent bid. The grains were all stronger as well. The culprit behind

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