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In The News Today

U.S. Economy Grew 2.4% in Second Quarter, Below Forecast By Timothy R. Homan – Jul 30, 2010 6:41 AM MST

Growth in the U.S. slowed to a 2.4 percent annual rate in the second quarter, less than forecast, reflecting a larger trade deficit and an easing in consumer spending.

The

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Jim’s Mailbox

Wall Street edges lower as investors mull slow recovery CIGA Eric

Stocks fell on Friday, rebounding for a second day in a row from more substantial losses, as concerns about slower economic growth held trading to a tight range.

Do not associate a technical sell-off with any significant economic conclusions. The direction for stocks,

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Market Commentary From Monty Guild

Dear Monty,

China knows the evil of over the counter derivatives. They handle substantial financial fraud as a capital crime.

Going forward, listed derivatives with a clearinghouse function, margin requirements and standardized contract points can exist without endangering either China or the world. China has no significant backlog of the OTC type weapons of

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In The News Today

Dear CIGAs,

"Currency Induced Cost Push Inflation" cannot be avoided. It will happen overnight as confidence in currency breaks. All of this has happened before.

There was a major dollar rally in 1931 as many European countries defaulted on their debt. The dollar looked outrageously bullish as a mirror image of the weak

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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

Jim’s Mailbox

The Dual Face of the Structural Trade Deficit CIGA Eric

Eric,

A big ship I would hate to try to avoid on the high seas while she was doing 30 knots. There will be three of the zapping back and forth across the Pacific 5 days each way! Wow! let’s hear it for Walmart!

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In The News Today

Though For The Day:

Wouldn’t you say it is interesting that $1156 is one of the Gold Angels?

My Dear Friends,

The following note preceding the excellent article written by Ambrose Evans-Pritchard is from the man who I consider the "Dean of Gold," Harry Schultz.

This is what the Goldmans of the world

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Banking Disaster Largely Ignored By Mainstream Media

Jim Sinclair’s Commentary

Greg Hunter is so right about the result of MOPEd details of the present time major banking crisis.

If FASB did not capitulate there would be few solvent US banks. This includes major money center banks. This means that the earning statement and balance sheets of the financial community are as

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