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Jim’s Mailbox

Gold Prices Surge, Top $1,270 CIGA Eric

Gold prices were popping Tuesday as investors turned to gold as safe-haven asset after a slew of disappointing economic data.

What about the dollar’s safe haven status? This gold hype will attacked by the spinsters, agnostic about gold at much lower prices, through the use of

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Whether You Like It Or Not, It Is Happening

Dear Extended Family,

Many emails have come in saying there is no way gold can go to $1650 by January. My response to those people is you are WRONG, it can.

Many emails have come in saying the dollar is a safe haven and that I am wrong, it will never see .7200 and

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US Dollar Chart From Trader Dan

Dear CIGAs,

Click chart to enlarge today’s US Dollar chart in PDF format with commentary from Trader Dan Norcini

In The News Today

Questions and Observations

Did the global financial meltdown come as a result of banks operating on too little capital or did the meltdown result in the evaporating of bank capital therein leaving the banking industry undercapitalized?

The airwaves would have you believe that OTC derivatives are innocent of causing any problems, but more so

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Jim’s Mailbox

Dear Jim,

(Product memo deleted for privacy)

Attached is a scanned letter from one of our vendors regarding price increases. Note the fact that they clearly mention global capacity restraints even in the midst of a lackluster global economy. Clearly there are issues with the supply chain that are affecting consumer prices.

Last week

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Sir George: A Thematic History Of Tanzania Through 50 Years Of Public Service

Dear CIGAs,

My close friend and person who has taken great care of me in Tanzania since the early 80s has authored a book.

As one of the key figures who oversaw the transformation of the country’s economy into a model for the entire African continent, his book is a must read.

If you

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On The Road Again

Dear CIGAs,

Today will be my last day in the office. I am off again to the Middle East and Tanzania.

Communication was very good on my last trip. I anticipate the same this time around.

Even when in camp in Tanzania where I will be spending more than a week, we have wifi

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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