|
|
Dear CIGAs,
My advice to gold and gold share holders is, in the vernacular of the times, to "CHILL."
Jim Sinclair’s Commentary
The G20 script caste against present circumstances.
1. EC members terrified by the power of OTC derivatives to destroy national bond markets are running scared. The strategy is twofold. Intervention
Continue reading In The News Today
Dear CIGAs,
Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini
As Goes Housing So Goes Stimulus CIGA Eric
The end of the Federal homebuyer tax credit in April slowed down Lennar Corp.’s May results and hurt fiscal second-quarter revenue, but the homebuilder reversed a year-ago loss as it cut costs.
The pressure to resume programs that support housing intensify as market trends deteriorate.
New
Continue reading Jim’s Mailbox
Jim Sinclair’s Commentary
My former Chicago Floor partner, Yra, makes some very important points here.
Notes From Underground: The Fed breaks new ground By Yra
The FOMC press release did not surprise anyone except some financial television pundits. However, there are two items that are new as we do our scatological analysis of the
Continue reading Jim’s Mailbox
Dear CIGAs,
Remember the Cinderella Economy?
The economic recovery is and has always been headed to the same place. The only beneficiary of the stimulus is the stimulation of the fat cats’ pocketbooks.
Jim Sinclair’s Commentary
Shadow Statistics is a window into REALITY.
- Census Firings Cost June Payrolls Roughly 240,000 Jobs
Continue reading In The News Today
Dear CIGAs,
Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini
Dear CIGAs,
In one of the more marvelous market displays I have seen in many years, gold was able to shrug off a major technical reversal sign and actually attract enough buying to not only minimize downside movement but actually bounce higher. Considering the extent of speculative long side exposure, and the nature of
Continue reading Hourly Action In Gold From Trader Dan
Dear CIGAs,
A bankrupt BP is worse for the financial world than Lehman Brothers was for exactly the same reason.
Pedro’s credentials in energy exceed by orders of magnitude those talking heads giving daily BP opinions. In fact, Pedro’s credentials might just be better than all of them added together.
Please read this article
Continue reading Jim’s Mailbox
|