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March 21, 2010, at 7:35 pm
by Jim Sinclair in the category In The News |  Print This Post |  Email This PostJim Sinclair’s Commentary One way or another Greece and all the states of the USA will be bailed out. In the final analysis all these potential bankrupts can say bailout or anarchy. Markets spooked as Greek rescue plan crumbles Europe’s rescue plan for Greece appears to be crumbling after the country threatened to call Continue reading In The News Today March 21, 2010, at 7:33 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostDear CIGAs, What is clear here is the egregious OVERVALUATION of the assets of financial entities thanks to the capitulation of the FASB that allows banks and other financial entities to pick the value of their assets. This is a public disgrace that the public has no idea about. In these cases the overstatement Continue reading Jim’s Mailbox March 19, 2010, at 4:46 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostDear CIGAs, Having participated in the 1970s gold bull market, I witnessed overnight money go from under 3% to over 21% as 10 year money went from under 3% to 14 7/8 %. Gold went from under $40 to $887.50. As such, India raising its interest rate does not seem to be a reason Continue reading In The News Today March 19, 2010, at 1:50 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear CIGAs, Currency traders continue to fret over developments in Europe concerning Greece with the result that they unloaded on the Euro, the Pound and the Franc again today. That sent the Dollar moving up to the top side of its range trade as it once again pushed above 81 in the USDX. The Continue reading Hourly Action In Gold From Trader Dan March 19, 2010, at 1:46 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostDick Bove: Housing Market Will Fall 10%-15% When Fed Stops Subsidizing Home Prices CIGA Eric More Illusion versus Reality Infinite QE, or subsidization of home prices, is an important component to the management of economic perceptions. In other words, the definition of what Jim calls Management of Economic Perceptions (MOPE). This tactic comes straight Continue reading Jim’s Mailbox March 18, 2010, at 5:29 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostThoughts For This Morning: Greece has woken up to the implications of their financial problems towards the other EU member states. This is the background to their statement today giving one week for an agreement between the EU and Greece for a bailout rescue program. Note the potential involvement of the IMF if an Continue reading In The News Today March 18, 2010, at 2:23 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear CIGAs, There is not much to say about gold today other than what has been said repeatedly now for some time – it is stuck in a range trade with a bit of a higher bias to it as downside support thus far remains firm with the upside continuing to be capped by Continue reading Hourly Action In Gold From Trader Dan March 18, 2010, at 12:45 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostJim Sinclair’s Commentary Politically if you cannot stop something, adopt it. Canada Plays Down Concern as Dollar Approaches Parity CIGA Eric Canadian Prime Minister Stephen Harper’s government is shifting its rhetoric on the Canadian dollar and playing down concerns about the currency’s gains in a bid to brace companies and consumers for parity with Continue reading Jim’s Mailbox |
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