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In The News Today

Dear CIGAs,

We all know the strategy of creating a Straw Man and then Knocking him down. Well, today you witnessed the creation of a Straw Reason and then the Knocking of it down.

If you were to believe the MOPE the reason that gold was strong is because of an article on

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Jim’s Mailbox

Dear Jim,

Here comes the litigation you warned about years ago. It looks more like fraud than mismanagement and the accounting firms seem to have helped every step of the way (just like Enron and Arthur Anderson). This is going to end badly (and already is). Every book of every corporation in the West

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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

Gold/Bond Ratio Chart From Trader Dan

Dear CIGAs,

Click chart to enlarge today’s Gold/Bond Ratio chart in PDF format with commentary from Trader Dan Norcini

In The News Today

Dear CIGAs,

Bertha, my pet pig, even though waiting for me at the Golden Bridge, is I hear taking great exception to the reference of PIIGS for certain weak EU states.

Personally, I think pigs are beautiful and it is a sin to eat pork.

Bertha was leash trained, but once she moved above

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Jim’s Mailbox

Hi Jim,

The Gold Currency Index rocketed to another all-time high today, finally pulling gold in US dollar terms up to a new all-time high as well.  Technical indicators are now very bullish overall on the daily chart, indicating that the rally is likely to continue.

Best, CIGA Erik

Prometheus Market Insight http://www.prometheusmi.com

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Talk about letting the wind out of the sails of the Euro party boat – as mentioned yesterday, considering the fact that EURO-TARP was worth nearly $1 trillion, the fact that the Euro opened the Sunday-evening session on its high and then pretty much went lower from there, was a sign that

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The Multi Trillion Dollar Band-Aid

Dear Friends,

So many unprecedented events have occurred that even we are getting hardened to the economically absurd.

The Western world was once again on the brink of a financial collapse last evening. If it wasn’t, you can be assured that the Fed would not have ponied up swaps as large as they have.

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