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Trade deficit shrinks as auto and oil imports drop CIGA Eric

The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery will be aided this year by U.S. sales abroad.

A country

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Hourly Action In Gold From Trader Dan

Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini

In The News Today

Thoughts For The Day

1. A curtailment of bank trading department’s activities will not impair the price of gold as the gold banks are not on the long side.

You can forget that foolish rumor. It is more likely if any bank regulation is passed that it will require short covering.

2. The

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Hourly Action In Gold From Trader Dan

Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini

Part Two Of Jim’s King World News Interview Released

Dear CIGAs,

Part two of Jim’s interview with Eric King of King World News has been released. Click the links below to listen to part one and two

 

Click here to listen to part one of the interview…

 

Click here to listen to part two of the interview…

Jim’s Mailbox

Jim Sinclair’s Commentary

The US dollar is not a safe haven.

Budget deficit sets record in February CIGA Eric

The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year’s record for the full year.

There no end to the spend,

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In The News Today

Jim Sinclair’s Commentary

Are you prepared to be taxed into the next life? There is no escape moving from broken state to broken state

QE must go to infinity or the Fed will be history.

 

Jim Sinclair’s Commentary

It is happening everywhere. There is no way out that supports political expedience other

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Gold put in an impressive performance today from where I sit battling back from a barrage of selling linked to the ridiculous story circulating around the market today that China was not interested in buying gold. That initially emboldened the raiders at the Comex and sent the lemmings packing and heading for

Continue reading Hourly Action In Gold From Trader Dan