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Updates From Oman – Day 4

Dear Friends,

Today’s meeting took place in the relaxed atmosphere of our host’s ancestral home.

We not only visited the present residence but we went to the old fort to see where he was born. All the fort’s protection was built in to protect the family as well as the residents in the area.

Continue reading Updates From Oman – Day 4

Money Without Liability

Dear CIGAs,

This is money without liability attached to it.

As paper money continues to degrade worldwide, real money will experience geometrically increasing demand.

Stay the course. Ignore the noise. Turn off financial TV.

Continue reading Money Without Liability

Jim’s Mailbox

Dear Jim,

Every month its considered a "surprise." How long does it take for a recurrent surprise to be considered the norm? At least a decade it would seem. Best, CIGA Pedro

US jobless claims make surprise rise By Alan Rappeport in New York Published: April 15 2010 14:04 | Last updated: April 15

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

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

In The News Today

Trader Dan’s Commentary

Here is another straw to pile up on the back of the struggling Euro. As mentioned yesterday, the Dollar and the Euro are vying for the “Least Despised Currency” award.

This is currently what we are seeing sorted out in the Forex markets. Dollar strength is not because traders are enamored

Continue reading In The News Today

In The News Today

Where has Jim gone?

Jim Sinclair’s Commentary

What is said here is a requiem for the dollar!

Bernanke Warns: U.S. Debt Could Balloon to More Than 100% of GDP

Jim Sinclair’s Commentary

At the time of the Lehman crisis, bailout money from the Fed could have been legally lent to banks, financial

Continue reading In The News Today

Hourly Action In Gold From Trader Dan

Dear CIGAs,

Comments out of Fed Chairman Bernanke regarding the state of the economy and the consequent need for maintaining a low interest rate environment were enough to give the Dollar the kiss of death today. It fell through its recent floor of support near 80.20 on the USDX and is very close to

Continue reading Hourly Action In Gold From Trader Dan

Jim’s Mailbox

Dear Eric,

As a precautionary note, the mark up of OTC derivatives held in inventory, compliments of the capitulation by the FASB, would appear if they occurred in trading profits.

Regards, Jim

JPMorgan Chase earns $3.3B in Q1 on strong trading CIGA Eric

JPMorgan’s results encapsulates the 2009 economic recovery.

Weak lending, decline in

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