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In The News Today

Jim Sinclair’s Commentary

This is the ultimate national disgrace brought about by OTC derivatives and OTC derivatives only.

A four year normal mild recession with a corrective mechanism of free markets would have been the extreme of this experience.

The greed of sociopath Wall Streeters has destroyed the system. They do not give a

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Jim’s Mailbox

Greetings Jim,

Today’s breakout was a significant technical development that forecasts substantial gains. Gold closed sharply higher today, moving well above the previous all-time high near $1,256 on the daily chart and reconfirming the long-term uptrend.

We have been monitoring the development of a bullish consolidation formation in gold and the Gold Currency

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Gold/Bonds Ratio Chart From Trader Dan

Dear CIGAs,

Click chart to enlarge in PDF format

Central Banks Dump $57 Billion Of US Agency Debt

Dear Friends,

Although I have not posted any charts of the Custodial Holdings at the New York Federal Reserve in some time, I have been monitoring it for any signs that foreign Central Banks are balking at buying US government or government-sponsored debt. Such a development would have a big impact on US interest

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In The News Today

Trader Dan’s Commentary

Note the conclusion drawn to this bit of news – “preparation for a long period of yen-selling intervention,”

That is indeed correct as Japan’s monetary and political leaders are under increasing pressure to derail the Yen rally as it has sucked the life out of their export sector, a sector that

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Yesterday’s pause in gold gave way to renewed buying this morning as fund money came pouring back into the market driving it past its recent record high price posted in this Tuesday’s trading. The result was another record high settlement price! Enthusiasm to own the metal is evident in the price action

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In The News Today

Jim Sinclair’s Commentary

Just an observation – my email inbox has exceeded 20,100 for 2010

 

Jim Sinclair’s Commentary

They know the problem but still have no answers.

EU Proposes Legislation To Reduce Risks In Derivatives Trading SEPTEMBER 15, 2010, 5:30 A.M. ET

BRUSSELS (Dow Jones)–The European Commission Wednesday proposed two pieces of

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International Demand For Gold Evident

Dear CIGAs,

I just arrived in Dubai and am expecting to attend a meeting later today only one inviting hour from Oman.

It is 7am and already the gold store here is three deep with clients. The demand for gold is international with a superior understanding of its status as the currency of last

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