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In The News Today

 

Trader Dan’s Commentary

The article below is a follow up to an article posted Thursday about a new breed of computer viruses to be used as weapons of war.

Tehran confirms its industrial computers under Stuxnet virus attack  Exclusive Report September 25, 2010, 6:07 PM (GMT+02:00)

Mahmoud Alyaee, secretary-general of Iran’s industrial

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Gold – An 11 Year High For 2010?

Jim Sinclair’s Commentary

Armstrong and I disagree on the fundamentals. The fundamentals can be a mixture of what he sees and what I believe as currency induced cost push inflation is inherent in his analysis. That however is not relevant to the trader or investor as it is gold that protects the investor from

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Jim’s Mailbox

Pace of new home sales second slowest on record CIGA Eric

New homes sold at the second-slowest pace on record in August, signaling that the housing market will remain a drag on the economy.

The second break in the secular downtrend within housing is a big concern for an over-leveraged, consumption-driven economy. The article

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

I wonder if Johannes Gutenberg, the inventor of the printing press, ever realized that his marvelous device which ushered in a new era of knowledge dissemination, would someday also be used to create wealth out of thin air. Apparently he did not for if he had, it is doubtful that the world

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Tanzania – A Great Stress Reliever

My Dear Friends,

I am presently at the Kigosi camp outside of Ushirombo in Tanzania. The place is simply beautiful. Two rains and the forest exploded with green grass and flowers.

I was surprised this morning while driving to the river to see a troop of baboons wishing to join us. They present no

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In The News Today

Thought For The Day

I believe that everything Dollar will top on a rising neckline head and shoulders formation. That is what I anticipate in the Long Treasury Bond.

Go back and take a look at how the USDX made its top. It is my opinion a similar chart pattern might be in the

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Jim’s Mailbox

Significant Technical Damage In The Dollar Going Unrecognized CIGA Eric

Has anyone noticed significant technical damage to the dollar amid all the election rhetoric and Administration reshuffling confusion? A weak currency is good for everyone, right? If there was a time for a "line in the sand" currency intervention, it would be now.

Gold

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Hourly Action In Gold From Trader Dan

Dear Friends,

Considering the various crosswinds blowing in today’s session, gold performed admirably, shrugging off Dollar strength and a bout of general commodity sector selling by the hedgies and their infernal algorithms. While it did not set another all time record high, it did manage a record CLOSING PRICE.

Similarly, silver’s performance was impressive

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