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Foreign Central Banks Net Sellers Of US Agency Debt

Dear Friends,

Last week I reported on the fact that the Federal Reserve data concerning the Custodial Accounts had revealed a huge sale of US Agency debt of some $57 billion, the single largest one-week sale of such debt on record. The amount was so colossal, that I wondered if it might have been

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In The News Today

Trader Dan’s Commentary

If you want to read a downright fascinating and yet alarming story on a new breed of computer viruses created to be used as weapons of war, check out the following link. This article is absolutely stunning and reads like something out of a fantastic sci-fi movie..

Stuxnet malware is ‘weapon’

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Jim’s Mailbox

Jim,

Taibbi has done another great piece.

CIGA Ursel

BP’s Shock Waves How the oil giant’s catastrophic spill in the Gulf could trigger another financial meltdown By  Matt Taibbi Sep 16, 2010 11:30 AM EDT

It was sickening enough when British oil giant BP set new standards for corporate scumbaggery in the Deepwater Horizon

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Market Commentary From Monty Guild

Dear CIGAs,

THE U.S. STOCK MARKET

The U.S. stock market is rallying, and the U.S. dollar is slowly declining in value relative to a basket of other currencies.  Although inflation may not occur for another six to twelve months, an oncoming inflation will cause demand for assets that can grow, such as: income-producing real

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Mining Shares Lag Compared To Precious Metals, Perform Admirably Versus Broader Market

Dear CIGAs,

Click either chart to enlarge today’s HUI-Gold Ratio and HUI/S&P 500 Ratio action in PDF format with commentary from Trader Dan Norcini

Continue reading Mining Shares Lag Compared To Precious Metals, Perform Admirably Versus Broader Market

Hourly Action In Gold From Trader Dan

Dear CIGAs,

If the FED wanted to give the Dollar the kiss of death with yesterday’s FOMC release, they certainly managed to accomplish their task. It continued its descent which began as soon as the statement hit the wires yesterday and has not looked back since. As it has done so, it has resulted

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QE To Infinity – No Surprise There

Dear Friends,

The BIG, “no news” news of today was the release of the FOMC details concerning their view of the economy. At 1:15 PM, CST, the “news” broke that the Fed stands ready to provide further QE should the struggling economy encounter additional headwinds.

Both gold and silver shot up sharply higher and

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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