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Dear Friends,
This past week’s Commitment of Traders report shows what pretty much can be expected when it comes to gold although with one minor exception.
The Producers/Merchants/Processors/Users category continues to increase their net short position to a record level while the managed money and the other large reportables, along with the general public,
Continue reading Trader Dan Comments On Last Week’s COT Data
Dear CIGAs,
CIGA Eric makes an excellent point. Think about the process and understand there has never been a more powerful tool to manipulate markets than the invention of the OTC credit default swap.
Fiat currencies will always be with us, but gold stands heads above paper money in the coming generations.
"Germany pulls
Continue reading In The News Today
Jim,
Perhaps many intelligent German people studied the history of Weimar hyperinflation that occurred in 1923. The printing presses like those today went out of control sending the price of gold to the stratosphere as paper dollars became useless!
CIGA "The Gordon"
More…
Jim,
This will not be unfamiliar to you
Continue reading Jim’s Mailbox
Jim Sinclair’s Commentary
Four so far this week.
Bank Closing Information – May 14, 2010 These links contain useful information for the customers and vendors of these closed banks.
Midwest Bank & Trust Company, Elmwood Park, IL Southwest Community Bank, Springfield, MO New Liberty Bank, Plymouth, MI Satilla Community Bank, St. Marys, GA
http://www.fdic.gov/
Continue reading In The News Today
Greetings Jim,
The Gold Currency Index weekly chart closed at another all-time high yesterday, and the rally continues to strengthen as technical indicators such as momentum and oscillators trend higher. Gold in US dollars also moved up to a new all-time high, confirming the long-term breakout that occurred last week.
Best, CIGA Erik
Prometheus
Continue reading Jim’s Mailbox
Dear CIGAs,
The joke of the day was nailed by Yra Harris when he said:
"Trichet said today that the ECB purchasing of European sovereign debt was not quantitative easing. Our only response is similar to Bill Clinton’s indiscretion is not sex."
Jim Sinclair’s Commentary
Please support John’s excellent service.
- Retail Gain
Continue reading In The News Today
Dear CIGAs,
Recent headlines coming out of the financial world have been jaw dropping. Here are a few: US faces same problems as Greece, says Bank of England (The Telegraph), World markets rattled by Goldman fraud (The Economic Times), Goldman Sachs faces criminal investigation (Guardian UK), Government Probe into Wall Street Sales Widening
Continue reading Is The Financial System Corrupt?
Jim,
The very temporary MOPE illusion right now is that the most stable base of currencies in the pyramid scheme collapse is the US dollar and therefore where you should flee for safety. Unfortunately the sheeple who fail to study history don’t understand that gold is the only currency that has no liability and
Continue reading Jim’s Mailbox
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