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Dear Friends,
The following chart details the Commitment of Traders report released today (Friday) which covers the market involvement of the players through Tuesday of this week.
Note that the heavy blue line, which details the NET position of the Managed Money crowd, has been steadily ramping up their purchases of gold futures. At
Continue reading Weekly Charts and COT Commentary From Trader Dan Norcini
April 30, 2010, at 6:37 pm by Jim Sinclair in the category In The News | Print This Post | Email This Post
Thought For The Day
The cost for a Greek bailout to the citizens of the US via the IMF will be $100 billion.
Now there is a nice addition to the Federal Budget Deficit.
Jim Sinclair’s Commentary
Are you joining me on the non-corporate delegation to Tanzania to examine investment
Continue reading In The News Today
Jim,
It seems that the US isn’t going to strengthen the dollar directly thru painful economic policies. Rather, we are going to destroy all the other western currencies by hedge fund/zombie bank attacks on their sovereign debt with credit default swaps.
The last man standing ploy.
CIGA Shelly W
Jim,
The jesters revealed
Continue reading Jim’s Mailbox
Dear CIGAs,
THE EUROPEAN DEBT CRISIS KEEPS EXPANDING
Greek debt has been rated as junk quality. Spanish and Portuguese debt have undergone downgrades and there are rumors circulating of a possible Italian debt downgrade.
This reminds us of the so-called Asian Contagion of late 1990’s during which bank and government debt contagion sent Asian
Continue reading Market Commentary From Monty Guild
Dear CIGAs,
A strong showing in gold today as it was able to regain its footing after yesterday’s brief setback and then take out overhead selling resistance by the bullion banks located in and around the $1172 level. Once through there, it touched off upside buy stops which resulted in a quick move higher
Continue reading Hourly Action In Gold From Trader Dan
April 29, 2010, at 9:34 pm by Jim Sinclair in the category In The News | Print This Post | Email This Post
Thoughts For The Day:
God help us if we have to listen to Frau Merkel, the mercurial political antics on the subject of Spain, Portugal and Italy.
She woke up yesterday and realized that German banks are loaded with all this debt and did her reverse moon walk. The MOPE is maddening.
If
Continue reading In The News Today
Jim Sinclair’s Commentary
Here is a very interesting comment from my former partner, Yra Harris, concerning the Russians and the IMF as it pertains to Gold.
Yra is an Uber Trader and extremely wise.
Jim,
After we wrote about all the Central Bank activity yesterday we found another CB that entered the fray. The
Continue reading Jim’s Mailbox
Dear CIGAs,
Click chart to enlarge today’s hourly action in Gold and the HUI in PDF format with commentary from Trader Dan Norcini
Continue reading Hourly Action In Gold From Trader Dan
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