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Gold Hits New All Time High In Euro Terms

Dear Friends,

This morning gold scored a new all-time high when priced in terms of Euros at the PM London Fix. The situation in Greece, as well as the smoke coming out of Italy, Spain and Portugal, has European investors rightly worried over the stability of the Euro. If you were an investor who

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In The News Today

Dear CIGAs,

Paul Volcker is correct, but being correct carries no asset value in this situation.

Wall Street owns Washington, and is not about to give up there omnipotence.

There are other discussions on this video but not of my interest.

 

Volcker says must let big financial firms fail WASHINGTON Sun Feb

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Jim’s Mailbox

Hi Jim,

The Gold Currency Index broke well above downtrend resistance today, confirming similar action in POG. Technical indicators continue to strengthen and the next objective is that congestion resistance near 28 ($1,152 for POG); a break above that level would forecast a return to the all-time high.

Best,

CIGA Erik Prometheus Market Insight

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In The News Today

Dear CIGAs,

From all of us at JSMineset, we wish our CIGAs of Chinese descent a blessed, happy, healthy and wealthy New Year.

Jim Sinclair’s Commentary

Here is a definition and argumentation for the Management of Perspective Economics:

"The conscious and intelligent manipulation of the organized habits and opinions of the [public] is

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Jim Interviewed By King World News

Dear CIGAs,

I would like to invite you to listen to my most recent interview with Eric King of www.KingWorldNews.com.

Click here to listen to the interview…

Jim’s Mailbox

Jim,

Upon reading Eric’s "Dow 10,000 is meaningless" post, I couldn’t help but think of a quote I recently read from Lord Rees-Mogg’s 1974 "The Reigning Error: The Crisis of World Inflation":

"The individualistic Capitalism of today… presumes a stable measuring rod of value and cannot be efficient–perhaps cannot survive–without one." –John Maynard Keynes,

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In The News Today

Dear CIGAs,

Rome (then the Western world) is burning!

Just like minorities did not see or wish to understand what the rise of Hitler meant to them, just like those that ran out onto the new beach revealed as the water retreated from Hawaiian beaches only to be inundated by the Tsunami, many are

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Jim’s Mailbox

Dear Jim,

Yesterday you said that BlackRock recognized the dangers inherent in a fall of Greece to the financial onslaughts as being as critical as the flushing of Lehman.

Yet in the article they are quoted as saying Greece is not Lehman.

Can you clarify?

Yours, CIGA Green Hornet

Dear Green Hornet,

Clearly BlackRock

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