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February 25, 2010, at 3:48 pm
by Dan Norcini in the category In The News |  Print This Post |  Email This PostDear Friends, A tip of the hat to CIGA “MD” who supplied this link to the English version of Russia’s Pravda. I have no way of confirming the accuracy of the report but perhaps this is what put such a fire under the gold market today. It does seem strange to me to read Continue reading In The News Today February 25, 2010, at 2:41 pm
by Dan Norcini in the category In The News | Print This Post | Email This PostTrader Dan’s Commentary One has to wonder as the betting casino “boldly goes where no man has gone before” where the madness will eventually stop. These people would run a derivatives pool gambling on the day of their grandmother’s demise if they thought they could make money out of it. It took 10 Continue reading In The News Today February 25, 2010, at 2:07 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear CIGAs, You have to be really impressed by gold’s performance today. It had three, no, make that four, strikes against it. First, the equity markets dropped sharply. Second, bonds ran strongly higher in a flight to safety. Thirdly, the Dollar was marginally higher. Fourthly, crude oil dropped nearly $3.00 barrel while copper was Continue reading Hourly Action In Gold From Trader Dan February 24, 2010, at 1:49 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear CIGAs, The big chatter of the day was Fed Chairman Bernanke’s comments up on Capitol Hill where he admitted the obvious – interest rates would need to stay low for an “extended period”. He also remarked that inflation would remain subdued. Couple that with new home sales data that was abysmal and that Continue reading Hourly Action In Gold From Trader Dan February 24, 2010, at 12:40 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This Post5 Year Auction Results CIGA Eric The percentage of competitive tenders coming from direct bidders continues to rise not only in the 5-year but also across the yield curve. This only raise the question of who and why now? It would be naive to think that credit problems are limited to Greece and the Continue reading Jim’s Mailbox February 24, 2010, at 11:36 am
by Jim Sinclair in the category General Editorial | Print This Post | Email This PostDear CIGAs, Good Morning from Toronto! For those that think the Greek situation is a typical slow motion process of the European debating society, you need to focus on the fact that Greece will be out of money most likely in the next six weeks. Since there was a failure to float a debt Continue reading Greece Just Weeks Away From Bankruptcy February 24, 2010, at 12:57 am
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear Friends, The following article, compliments of our friend and ever vigilant internet researcher, JB Slear, is yet another ugly fact that the spinmeisters and “jobless recovery” gang would ignore. The numbers in the story are a sobering dose of reality and this only deals with the residential real estate market – the commercial Continue reading Jobless Recovery Gang Ignores Sobering Reality February 23, 2010, at 9:09 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostDear CIGAs, The media can play all the games they wish. Just keep firmly in mind that: 1. Towns are broke. 2. Cities are broke. 3. States are broke. 4. Main Street is in dire pain. 5. The apparent improvement in the financial industry is accounting smoke and mirrors. 6. Most corporate improvements are Continue reading In The News Today |
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