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"The deterioration of every government begins with the decay of the principles on which it was founded." –Charles-Louis De Secondat(1689-1755) Baron de Montesquieu – Source: The Spirit of the Laws, 1748
Thoughts For The Morning:
EU bank stress tests are a pile of garbage when the Western world allows financial institutions to value
Continue reading In The News Today
Dear Jim,
You have been telling us for years that IMF and Central Bank gold sales never see the open market, and that announcements of IMF gold sales always coincide with major gold bull markets.
Best regards, CIGA Richard B.
IMF Gold Holdings Declined 15.25 Tons in May as Russia’s Assets Advanced By Nicholas
Continue reading Jim’s Mailbox
Dear CIGAs,
Equity markets are sharply lower, the Euro is sharply lower, commodities are under significant pressure. Gold opens lower and recovers $16 from the low to be up on the day.
1. The type on inflation being discounted by Gold requires business activity to be putrid. 2. This type of inflation is hyperinflation,
Continue reading Markets Make A Definitive Statement
"It is the common fate of the indolent to see their rights become prey to the active. The conditions upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitude is at once the consequence of his crime, and the punishment of
his guilt." –John Philpot Curran
Continue reading In The News Today
Jim,
Strengthening economy??? I don’t think so…
CIGA Ian
Prepare for Cliff-Edge, ‘Monster’ Money Printing: RBS CIGA Eric
Monster quantitative easing, suggesting higher gold prices, and higher yields, essential major loss of confidence in fiat.
‘Monster’ Quantitative Easing Coming
Roberts is predicting the central banks are going to have to start pumping
Continue reading Jim’s Mailbox
Dear CIGAs,
Yesterday (Monday) we had a carbon copy repeat performance of the previous Monday’s price action in gold – a move resulting in a bearish downside reversal day on the price charts. Today (Tuesday) we have a carbon copy repeat performance of the previous Tuesday’s price action – a move lower in follow
Continue reading Hourly Action In Gold From Trader Dan
Dear Friends,
If the market for gold had not done its runaway/runaway common to overleveraged long morons, it would have broken out of the neat cup and handle formation going on to $1650. It will definitely break out of that formation.
The short term bullies that manipulated today’s market cannot manipulate the reality of
Continue reading Debt Crisis Cannot Be Manipulated Away
Dear CIGAs,
Monday must now be the new “Friday” when it comes to gold. Those of you who have been watching the gold price action over the last decade know what I am referring to. For those of you who are a bit newer to the gold game, Fridays, particularly after a payrolls report,
Continue reading Hourly Action In Gold From Trader Dan
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