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May 18, 2010, at 2:42 pm
by Dan Norcini in the category Trader Dan Norcini |  Print This Post |  Email This PostDear CIGAs, Price capping near the $1250 level has been effective at thwarting the continued rise in gold and has resulted in new short selling by locals looking to capitalize on the backstopping of the bullion bank sell programs. I was hoping to see the longs hold steady and not run but that Continue reading Hourly Action In Gold From Trader Dan May 18, 2010, at 1:39 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear CIGAs, It doesn’t look as if the Lumber market was particularly impressed with the headline Housing Starts number – it rather appears it is focused on the Permits number instead. As mentioned before – two of the best indicators for the overall strength or weakness in the economy are the Lumber and the Continue reading Lumber and Copper: Measures Of True Overall Economic Strength May 18, 2010, at 1:32 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostDear CIGAs, The euro trading level is on the left hand side of www.jsmineset.com. The present bids on the euro have gone from $1.29, to $1.26 and now $1.2150. Below $1.2150, and Volcker looks right. The German Finance Ministry today banned the use of naked CDSs as well as share and certain bond short Continue reading In The News Today May 18, 2010, at 1:21 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostBreak down of Commercial Bank Credit CIGA Eric The real economy continues to stagnate. This is reflected by anemic loan growth of the influence business & commercial and real estate loan sectors. These two sectors represent over 50% of total bank credit within the US. Yet, despite this the lackluster participation within critical sectors, Continue reading Jim’s Mailbox May 17, 2010, at 9:59 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostThoughts For The Day The euro below $1.20 would strongly suggest Chairman Volcker is right on the subject. The euro below $1.10 would confirm that Volcker is correct. Presently there is key support at $1.2150. The euro in Asia is present selling off its high by 50 points. Volcker Sees Euro ‘Disintegration’ Risk From Continue reading In The News Today May 17, 2010, at 8:37 pm
by Jim Sinclair in the category General Editorial | Print This Post | Email This PostDear CIGAs, Tomorrow is the first day Greece receives a tranche of emergency funding which of course caused some euro short covering from below 1.2236 to the present 1.2394. Recall I gave you the 121 1/2 to 122 1/2 as support under the break of 126. The present relationship, although short term, is that Continue reading Today’s Action In Gold May 17, 2010, at 8:31 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostDear Jim, Why was silver so weak today? Regards, CIGA Green Hornet Dear Green Hornet, Silver was up strongly on the discussions of JP Morgan who we were informed had a Department of Justice examination of their activities in silver. This was reported as fact. The reports were 50% correct in that JP Morgan Continue reading Jim’s Mailbox May 17, 2010, at 2:10 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear CIGAs, The big story is once again the collapse in the Euro – it actually registered some prints BELOW the worst levels seen back in late 2008 at the height of the credit crisis inception here in the US. It looks to me like the only ones seeing “Shock and Awe” are the Continue reading Hourly Action In Gold From Trader Dan |
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