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In The News Today

Dear CIGAs,

I finally got tired of asking Victoria and Mario for a tow off the lake.

If the main impeller quit, the electric engine should get me home. It would also be suitable for a quiet Saturday afternoon.

 

Jim Sinclair’s Commentary

For once relax. Gold is doing well. The rumor that

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Jim’s Mailbox

For once relax CIGA Eric

For once relax. Gold is doing well. The rumor that Prechter had become a gold bull is false.

Jim,

It sure is.

A test of the 5/12 highs simply does not have enough energy (force) to break through on a sign of strength today. This is illustrated by REV(E)

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Trader Dan Comments On The Declining Trust In Paper Assets

Dear Friends,

Trust in paper assets continues to decline as evidenced by the Dow Jones-Gold ratio and the Gold-Bonds ratio.

I do not have a chart of gold compared to the Euro bond but I would venture that its chart is even more impressive.

Click chart to enlarge in PDF format with commentary from

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

A warning from rating agency Fitch concerning the state of the UK’s finances rekindled investor fears towards Europe and was the catalyst for a push into a new all time gold not only in US Dollar terms but also in terms of both the Euro and the British Pound. All three notched

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In The News Today

Dear CIGAs,

Outside of MOPE the so called recovery was a putrid reaction to all the funds injected.

The US rescue plan was focused on Wall Street. The Chinese rescue program was focused on Chinese non-financial business. One flopped while the other had an impact.

China also unloaded on Goldman today at a spiritual

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Jim’s Mailbox

Jim,

As all fiat dollars burn a hole in the pockets of those who see its true value and rush to the exits in mass, the paper shareholders of USA Corporation will soon scream for a new Breton Woods in a form you have told us about as the Federal Reserve Gold Certificate Ratio.

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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

Return Of The Hedgies And Dirty Tricksters

Dear CIGAs,

This missive was originally posted and eblasted June 1st. Please review once again.

Dear Comrades In Golden Arms,

The hedgies and dirty tricksters are back.

Frustration goes both ways. The price of gold has been a disappointment to the gold bears. The action in the HUI (AMEX Gold Bug Index) has posed

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