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The End Of Securitized Mortgage Debt

My Dear Friends,

It is apparently above the head of most of the sheeple, but today the majority of OTC derivatives known as securitized mortgage debt ended.

The presence of the NY Fed in this potential litigation says that the Fed is holding paper which does not qualify for holding according to its own

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

News overnight that China’s Central Bank had raised interest rates (the first move in almost 3 years and a piddly .25% at that) in an attempt to curtail inflationary pressures developing in its economy (particularly property values) sent the foreign exchange and commodity markets into a tizzy.

Apparently China trumps the Fed’s

Continue reading Hourly Action In Gold From Trader Dan

The Height Of Nonsense

Dear CIGAs,

Today is the height of nonsense for those that understand what is in fact taking place.

The .25 increase in Chinese money costs are symbolic and their use of MOPE.

The following statement by the US Treasury is simply an answer to China’s position that the US is involved in more than

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Nice Try But No Cigar!

Dear CIGAs,

A rising stock market and rising gold price is a product of currency induced cost push inflation.

If you have eyes to see the future is hiding in plain sight.

Click image to open Martin Armstrong’s latest in PDF format

Continue reading Nice Try But No Cigar!

In The News Today

Jim Sinclair’s Commentary

This is only the beginning. It will be every state. That you can be sure of.

And Now, Here’s The First 11 State Pensions Funds That Will Run Out Of Money Gus Lubin | Oct. 18, 2010, 11:20 AM

Here’s a shocker: The most immediate state pension crises aren’t in New

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Jim’s Mailbox

Dean Harry Schultz Letter to the Editor Financial Times October 18, 2010

Letters to editor                  0ct 18, 10

Sirs; Your otherwise great AND objective newspaper continues to manifest its blind spot regarding gold. Last week you printed a columnist urging the US to dump its gold. Today you print a column calling gold a

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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

Central Banks Wake Up To Gold As A Currency

Dear CIGAs,

Central banks are quickly waking up to the fact that gold is a currency.

The other epiphany is that this time gold will, as always, be prone to reactions at key points, but this is no repeat of 1980 for reasons I have told you many times.

South Korean central bank looks

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