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February 23, 2010, at 2:44 pm
by Dan Norcini in the category Trader Dan Norcini |  Print This Post |  Email This PostDear CIGAs, The Conference Board released its index on US Consumer Confidence this morning and that sent a shot across the bow of the equity bulls’ parade boat. The index plunged more than 10 points to 46.0. The expectation had been closer to 55.5. That was all that was needed to send the “risk Continue reading Hourly Action In Gold From Trader Dan February 23, 2010, at 1:56 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostDear Jim, Now that it has some breathing room under the debt ceiling, the government is boosting the Supplementary Financing Program back up to $200 billion from $5 billion in order to shore up the Fed’s balance sheet, at least for now: CIGA John Treasury to expand Supplementary Financing program Feb. 23, 2010, 12:01 Continue reading Jim’s Mailbox February 23, 2010, at 1:31 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear Friends, The following article speaks directly to comments made yesterday about unemployed and underemployed workers and their effect on the US consumer driven economy. It also confirms the results of a Gallup poll released this AM which shows the effects of underemployment on national spending. Click here to view the Gallup poll… That Continue reading The Effects Of Unemployed And Underemployed Workers On The US Economy February 22, 2010, at 5:24 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostDear Friends, I am off to Toronto tomorrow. I prefer to drive rather than be groped by inspectors at airports. I will only fly when there is no other alternative because of the dehumanizing, meaningless, procedures at airports. I need no hands-on convincing that Uncle is protecting me. Thanks to modern communication technology, I Continue reading In The News Today February 22, 2010, at 3:16 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear Friends, Gold ran higher last evening in Asia notching a price above $1130 before moving lower as it came into New York. There it encountered further sell pressure ( Groundhog Day still abides) until dip buyers came in making their presence felt near the $1,110 level. There wasn’t any particular catalyst that I Continue reading Hourly Action In Gold From Trader Dan February 22, 2010, at 1:27 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostFinancial stocks underperform CIGA Eric The United States primary export is debt and paper. The financials remain the primary conduit of that export. If the economic recovery is robust enough to withdrawal stimulus, why are the financial stocks lagging so badly during the equity rally? Financials to S&P 500 Ratio: Financials to Gold Continue reading Jim’s Mailbox February 21, 2010, at 8:38 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostJim Sinclair’s Commentary If there is any truth to this the novel looks accurate. Fed’s Bernanke to Assure Congress Higher Rates Not Imminent By Craig Torres and Jerry Hart Feb. 20 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke will probably assure Congress that the central bank is mindful of the lack of job Continue reading In The News Today February 21, 2010, at 8:29 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostFederal Budget: A study of history CIGA Eric As a student of history, I will say that those exposed and leveraged to the U.S. dollar, most of the public, it is and will continue to be far rougher than officially advertised. It’s difficult to appreciate what "rougher" means without a historical reference, so let Continue reading Jim’s Mailbox |