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In The News Today

Dear CIGA,

Not only were there nearly tears in the eyes of the Money Bunnies of financial TV trying to spin the Goldman Sachs news, but now they are camped out in front of Goldman Sachs’ main office commenting that the people inside are going about their business with smiling faces. Nothing could really

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Jim’s Mailbox

Dave,

I watched a piece of the video. Rather than comment on his work, I will simply say this is how I view the trading world.

My trading perspective in order: 1. Find the secular trend. 2. Trade in sympathy with the trend. 3. Leverage markets control price. Thus, to trade in sympathy, one

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Market Commentary From Monty Guild

Dear CIGAs,

WE LIKE THE WAY MANY WORLD MARKETS LOOK

We are sending a message of optimism about many markets.  We are optimistic about Asian stocks in Indonesia, Korea, Malaysia, Singapore, and Thailand.   We are also optimistic about commodity producing stocks in countries such as Canada, Australia, and Brazil.  U.S. export companies including those

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In The News Today

Trader Dan’s Commentary

I have often quipped that if some of these firms could make a profit betting against Granny’s life tenure, they would do so.

One thing about this charge is that it will open the flood gates for additional litigation against Goldman from institutions and pension funds, etc, that purchased these

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

The whooper that rocked the markets today was news of the SEC charging Goldman with fraud. That overshadowed everything else. Once Goldman’s stock led the way down, the entire financial sector was slammed and that took the entire equity market sharply lower.

It was out with risk and in with safe

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Oman Comes To An End

Dear Extended Family,

I am sorry that tomorrow our Oman visit ends.

We have been taken into the homes of these good people here. I have learned a great deal about the hearts and minds of our Oman brothers. We tend, thanks to the media, to group all peoples of this area together. As

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Morgan Stanley Fears German Exit From EMU

Dear CIGAs,

The US dollar would be measured as it used to be against the Dm and Swissy.

The USDX would become redundant.

The result will be, if it actually occurs, the strengthening of gold long term.

Morgan Stanley fears German exit from EMU Morgan Stanley has warned that the Greek debt crisis is

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Bernanke Scolds Congress/Keeps Bailouts Details Secret

Dear CIGAs,

Earlier this week, Fed Chief Ben Bernanke told Congress to basically raise taxes and cut the federal budget.  The inference was, if Congress doesn’t get its financial house in order, it will be their fault if the economy tanks.  Here is how Bernanke actually said it, “. . . Maintaining the confidence

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