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Dear CIGAs,
Tanzania is a country that is growing significantly.
Tanzania expects sovereign rating in 7-8 months Mon May 31, 2010 11:35am GMT By Martina Fuchs and Moira Sidoti
DUBAI (Reuters) – Tanzania plans to issue a debut Eurobond soon after it gets a sovereign rating in the next seven to eight months, the
Continue reading In The News Today
Dear LT,
It is kind of a lopsided cup but it puts 1650 or so in range very soon.
What are your thoughts on the formation?
Best, CIGA BT
Dear BT,
The price is right at $1650.
The time is on or before January 14th 2011 or as Armstrong says, June of 2011.
Continue reading Jim’s Mailbox
Dear CIGAs,
We would all like to think the U.S. will not suffer the same problems as Greece. I am talking about drastic spending cuts to just about everything. Teachers, police pensions and social programs are all going to take big cuts whether the Greeks like it or not. It is not just the
Continue reading The Same Big Fat Greek Problems are Coming to America
Jim Sinclair’s Commentary
Not exactly a bad idea except for the fact that the drachma would be blasted to oblivion.
This is a typical not-practical academic solution that would fail.
Greece urged to give up euro Robert Watts May 30, 2010
THE Greek government has been advised by British economists to leave the euro
Continue reading In The News Today
Dear LT,
You know it’s bad when Wal-Mart has to drop prices to lure back shoppers!
This has your Formula written all over it.
Best, CIGA BT
Dear CIGA BT,
All downward spirals go to zero unless interventions take place at the cause point. The cause point is OTC derivatives for which nothing
Continue reading Jim’s Mailbox
Greetings Jim,
The Gold Currency Index continues to hold near all-time highs and probabilities still favor a period of consolidation following the recent surge from late March. Technical indicators are slightly bullish overall on the daily chart, so for now the uptrend remains in control. Looking ahead, if the short-term correction from earlier this
Continue reading Jim’s Mailbox
Dear CIGAs,
David Rosenburg, an investment analyst out of Toronto, was featured on Bloomberg today until he made a gold price prediction of $3000 which he classified as most likely too conservative.
The interviewer made the mistake of asking him why. His answer was immediate and surgical.
You should have heard their attempt to
Continue reading In The News Today
Dear CIGAs,
Fitch’s downgrade of Spain pushed the equity markets over the cliff after yesterday’s big relief rally on the news that the Chinese were going to stay with the Euro (what did people think they were going to say? “Oh yes – we are going to dump all of our Euro denominated debt
Continue reading Hourly Action In Gold From Trader Dan
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