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Dear Jim,
I still think the vast majority are in denial. There really does appear to be an engrained mindset that “it can’t happen here.” That no matter what, “the people in power are really smart and know these things so much better than I do so I am not worried about any sort
Continue reading Jim’s Mailbox
August 26, 2010, at 5:15 pm by Jim Sinclair in the category In The News | Print This Post | Email This Post
Jim Sinclair’s Commentary
Now tell me this chart does not look like our illustration number one, a ski jump.
How about housing’s first breakdown of strong support?
Failure to return to the support and through it is downright SCARY.
Jim Sinclair’s Commentary
The reason for this is the quiet disaster. The major
Continue reading In The News Today
Dear CIGAs,
It is generally not a good sign when a market moves lower after failing to sustain its gains on the release of “friendly” news. Such has been the case so far today with the S&P 500 as it popped higher when the unemployment numbers came in a bit less than the market
Continue reading Hourly Action In Gold From Trader Dan
August 25, 2010, at 4:25 pm by Jim Sinclair in the category In The News | Print This Post | Email This Post
Jim Sinclair’s Commentary
Governments DO NOT default, they reschedule and declare that a solution. Problem solved.
Of course that is BS, but it takes awhile for the market to figure it out.
Morgan Stanley Says Government Defaults Inevitable By Matthew Brown – Aug 25, 2010 12:10 PM MT
Investors face defaults on government bonds
Continue reading In The News Today
Jim,
Dark Pool investing is spreading to Asia – allegedly because of client demand.
The chairman of the Hong Kong stock exchange is critical of the practice because of the lack of transparency. He warned that “Financial markets face a “systemic risk” from alternative trading platforms.”
No one is listening to him.
Best Regards,
Continue reading Jim’s Mailbox
Dear Friends,
Something extraordinary is obviously occurring in silver as it continues to shrug off any selling pressure that has normally been tied to the “risk aversion” trade. This is the second day in a row in which it has moved sharply higher blowing through chart resistance levels with ease and forcing a huge
Continue reading Extraordinary Action In Silver Helping Pull Gold Higher
Dear CIGAs,
Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini
Dear CIGAs,
Click chart to enlarge today’s daily HUI action in PDF format with commentary from Trader Dan Norcini
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