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Jim Sinclair’s Commentary

The irreplaceable ShadowStats.com. This is a by subscription service that is essential today.

- Ski-Jump-Shaped Depression  – May Retail Sales Drop: Tentative Confirmation of  Intensified Business Downturn  – April Trade Deficit: A Negative for Second-Quarter GDP

"No. 302: Retail Sales, Trade Deficit" http://www.shadowstats.com/

 

Jim Sinclair’s Commentary

Since there has not

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In The News Today

Jim Sinclair’s Commentary

Sprott does a great job documenting some of the major reasons to own gold.

Click here to read the article in PDF format…

Jim Sinclair’s Commentary

Dean Harry Schultz, my dear friend for more than 40 years, says it as it is, always.

This is a community read. God Bless

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Today’s Euro/US Dollar Action

Dear CIGAs,

Click chart to enlarge today’s Euro/US Dollar action in PDF format with commentary from Jim Sinclair

Jim’s Mailbox

U.S. Economy: Trade Deficit Widens as Imports, Exports Decline CIGA Eric

Once you dig through the MOPE the truth is not inviting.

Jim,

The trade deficit in the U.S. widened in April to the highest in more than a year as exports and imports both declined.

The gap grew 0.6 percent to $40.3 billion,

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

News that China’s exports rose 48.5% in May and their imports increased 48.3% gave investors cause for lessening concerns over the fallout from Europe’s woes (a tip of the hat here to our own Monty Guild who has been consistently correct about China) and that sent money back into stocks during the

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Acceleration Of QE Across Western Nations All That Has Changed

Dear Friends,

1. The euro is stronger this morning on debt sales by weaker euro countries and the German high court permitting bailouts. As I see it this was the use of emergency funds via beards that is as effective QE as if they were bought directly by the ECB and the Fed.

2.

Continue reading Acceleration Of QE Across Western Nations All That Has Changed

In The News Today

Dear CIGAs,

The ratio spread is limited in time. The ratio spread of short gold shares and long gold futures will end when the spread and results thereof go negative.

Do you have any idea what $1200 means to gold producers at all levels? As the impact of gold at these levels filters through

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Jim’s Mailbox

Jim,

Bernanke said:

“So gold is out there doing something different from the rest of the commodity group.”

“There is a great deal of uncertainty and anxiety in the financial markets right now,” “Some people believe that holding gold will be a hedge against the fact that they view many other investments being risky

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