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February 20, 2010, at 1:14 pm
by Dan Norcini in the category Trader Dan Norcini |  Print This Post |  Email This PostDear Friends, One of the things to bear in mind about markets is that they have a way of cutting through the BS and spin that so often passes for reality in today’s gullible world. Watching a market react to a batch of bullish news by selling off tells us one of two things: Continue reading Weekly Action In Gold By Trader Dan February 20, 2010, at 1:08 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostJim Sinclair’s Commentary Now that the snow in DC is over we are back in gear on bank failures. Bank Closing Information – February 19, 2010 These links contain useful information for the customers and vendors of these closed banks. La Jolla Bank, FSB, La Jolla, CA George Washington Savings Bank, Orland Park, IL Continue reading In The News Today February 20, 2010, at 1:05 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostGreetings Jim, We now have a slight positive divergence developing between the Gold Currency Index and gold in US dollar terms. The GCI is already testing congestion resistance near 28, while gold remains well below its equivalent resistance level in the $1,152 area. Further, GCI momentum and oscillators have both moved up to recent Continue reading Jim’s Mailbox February 19, 2010, at 5:44 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostDear CIGAs, If I had to write a novel about the recent dollar rally I would suggest the following outline: 1. The Dark Side receives information of an impending increase in the Discount Rate. 2. The MOPE for year-end is the economic recovery 3. Since the Dark Side put on the Greek OTC derivative Continue reading In The News Today February 19, 2010, at 12:08 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostDear Jim, The recent IMF and Fed announcements give me the feeling they are worried that gold is/was about to make a major up move. Their actions may have instead only fuelled this by putting "blood in the water." Sharks smell fear… Warm Regards, CIGA Lance Dear Lance, You have nailed it. The price Continue reading Jim’s Mailbox February 18, 2010, at 6:52 pm
by Jim Sinclair in the category General Editorial | Print This Post | Email This PostDear Extended Family, The final Pillar in the gold bull market is a bear market in US Treasuries. The increase in the discount rate to 0.75% is driven by market realities and a desire to be able to sell US Treasuries as foreign demand falls off. The bull market in gold moved Continue reading Fed Raises Discount Rate By Quarter Point to .75% February 18, 2010, at 5:00 pm
by Monty Guild in the category Guild Investment | Print This Post | Email This Post“He who asks is a fool for five minutes, but he who does not ask remains a fool forever.” -Chinese Proverb DEBT LEVELS IN G-7 COUNTRIES We continue to be positive on Asia. One of the major reasons we currently favor Asia is the fact that public debt in the G-7 nations (U.S., Britain, Continue reading Market Commentary From Monty Guild February 18, 2010, at 4:24 pm
by Jim Sinclair in the category In The News | Print This Post | Email This Post"The enemy has only images and illusions behind which he hides his true motives. Destroy the image and you will break the enemy." –Teacher to Lee (Bruce Lee), "Enter the Dragon," 1973.
Thoughts For The Day: 1. Judging from today’s action in gold how can you not be assured that gold is going Continue reading In The News Today |
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