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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
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
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
Continue reading Jim’s Mailbox
Dear CIGAs,
Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini
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
April 14, 2010, at 2:39 pm by Daniel Duval in the category In The News | Print This Post | Email This Post
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
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
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
Continue reading Jim’s Mailbox
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