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June 22, 2010, at 12:54 pm
by Jim Sinclair in the category In The News |  Print This Post |  Email This PostJim Sinclair’s Commentary Two comments: Can’t someone buy this fellow a new attaché case? This is the greatest example of closing the barn door after the horse is out, making the problems ever more serious. Britain unveils ‘unavoidable’ austerity budget By the CNN Wire Staff June 22, 2010 9:11 a.m. EDT British Chancellor Continue reading In The News Today June 21, 2010, at 6:18 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostJim Sinclair’s Commentary A sage comment from CIGA Tim: Yuan Yawn Jim, I heard a very astute comment on NPR news this morning about the Chinese announcement over the weekend. The commentator mentioned that the Chinese government official who made the announcement said it was done (and timed) to take the pressure off the Continue reading Jim’s Mailbox June 21, 2010, at 2:45 pm
by Greg Hunter in the category USAWatchdog.com | Print This Post | Email This PostDear CIGAs, Last week, three stories acted as signposts for the direction of the U.S. Dollar. The first is about a letter President Obama sent to members of the G20 (Group of 20 major industrial countries) in advance of next weekend’s meeting in Canada. The President’s letter asked members to “reaffirm our unity Continue reading The U.S. Dollar Falls by Fall June 21, 2010, at 1:52 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear CIGAs, Welcome to the first day of summer. What a start! It goes without much saying that the news out of China dominated today’s 24 hour trading period. The hedge funds went wild in the commodity complex early on with the thinking that any appreciation in the yuan will stimulate economic activity and Continue reading Hourly Action In Gold From Trader Dan June 21, 2010, at 1:28 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostJim Sinclair’s Commentary This FT article has a good comment on the implication of the larger than accepted gold reserves of Saudi Arabia. Gold at new record high after Saudi reserves double By Javier Blas in London Published: June 20 2010 21:06 | Last updated: June 21 2010 10:39 Gold prices hit on Monday Continue reading In The News Today June 19, 2010, at 11:19 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostJim Sinclair’s Commentary With a little help from their friends, who do you think bought the last Greek bond offer and this week’s Spanish offering? The answer is the "bailout money" and very little other. ECB must buy ‘hundred of billions’ of bonds to tame Europe’s debt crisis Fitch Ratings has warned that it Continue reading In The News Today June 18, 2010, at 3:17 pm
by Eric De Groot in the category General Editorial | Print This Post | Email This PostDear CIGAs, My view, and I never trade the wiggles, remains the same. The setup in the gold stocks looks solid. When the time is right, and the window has begun to open, they will take out their 30-year consolidation pattern with conviction. We might have to wait until the start of the C-wave, Continue reading A Note From CIGA Eric June 18, 2010, at 2:27 pm
by Jim Sinclair in the category General Editorial | Print This Post | Email This PostDear CIGAs, It is my feeling that gold is headed on this move to $1650 with its normal drama. Let’s think about what this means to gold producers. With gold valued at $1650 per ounce: - 500,000 ounces = $825,000,000 less the cost of mining. – 1,000,000 ounces = 1,650,000,000 less the cost of Continue reading The Move To $1650 And What It Means For Producers |
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