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Jim’s Mailbox

The Guise of Deflation CIGA Eric

The Fed is "worried" about deflation that doesn’t seem to manifest its anywhere. This worry is comparable to a gambler “worried” about winning too much money. It’s a ruse.

Spot Commodity Prices: CRB Spot Index (1947 – Present); 16-Raw Industrial Spot Price (1935-1947); Great Britain Wholesale Price of

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In The News Today

Jim Sinclair’s Commentary

The US paper gold market will not defeat the international physical market.

Gold is going to $1650 and higher.

Gold ‘biscuits’ selling like hotcakes in Mumbai With jewellers offering gold accumulation schemes Indian consumers are tuning into gold bars as an investment opportunity and prefer to take delivery of physical gold

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Jim’s Mailbox

Jim,

As you’ve been predicting, the U.S. media is waking up to the fact that the financial crisis in the US is almost identical to the crisis in Europe as evidenced by this article entitled, "Illinois: Our Very Own Greece?".

Among other drastic measures, Illinois is planning to turn to the debt markets to

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What Is Wrong With Our Financial Markets

Dear CIGAs,

Here is a perfect example of what has gone wrong with our financial markets and why they are becoming irreparably destroyed as an indicator of true value. As I have said repeatedly, the influx of hedge fund money under the control of black box algorithms instead of providing liquidity as they falsely

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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

Weekly Dollar Action From Trader Dan

Dear CIGAs,

Click chart to enlarge in PDF format

Analysis of Week’s Bank Closings

Dear CIGAs,

Last Friday, July 9, 2010, the FDIC announced four more bank failures, bringing the total so far this year to 90. These were all relatively small banks.

Collectively, they had assets of $1.13 billion and deposits of $1.03 billion. Their failures cost the FDIC an estimated $160 million.

Once again,

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Media Spin Will Not Stop the Coming Downturn

Dear CIGAs,

There is hardly a day goes by I don’t hear some spin about the economy and how the so-called “recovery” is progressing.  Last week’s job numbers is a classic example.  It seems the jobless claims fell to an eight week low.  Here’s how the Washington Post reported the news, “The number of

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