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S&P Downgrades Japan’s Sovereign Debt

Dear Friends,

This morning news came down the wires that the rating agency S&P had downgraded Japan’s sovereign debt from ‘AA’ to ‘AA-‘. This is no small development.  The reality is that Japan’s finances are in even worse shape than those of the US when its overall indebtedness is compared as a percentage of

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Jim’s Mailbox

Jim Sinclair’s Commentary

Dr. Feel-Good, the Dow, has many of the recently bullish on gold establishments convinced that the statistical economy is on the mend. 12,000 is like an opiate as each time it comes into the equation glee spreads over the airwaves. The interviewers on financial TV are looking for good times just

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In The News Today

Jim Sinclair’s Commentary

It has to be the Mini Ice Age.

 

Jim Sinclair’s Commentary

Only if they are lucky and the books are cooked.

CBO: this year’s budget deficit to hit $1.5T

Washington (AP) — A new estimate predicts the federal budget deficit will hit almost $1.5 trillion this year, a stunning

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Widespread buying across the entire commodity complex was the order of the day today with the foods leading the charge higher once again. The grains were very strong with wheat charging above $8.60 as it reached its highest level since August 2008. Cotton prices continue to trade just off a 140 year

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What Gold Really Reflects

Dear CIGAs,

There is no top in gold. Tops in gold are vertical, full of flame and fury, and generally double the price in a matter of weeks.

Do you remember the Head and Shoulders in gold that broke down into a bear trap? We have seen so many bear tops in gold that

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CCI Chart From Trader Dan

Dear CIGAs,

Click image to enlarge today’s Continuous Commodity Index chart in PDF format with commentary from Trader Dan Norcini

Jim’s Mailbox

Jim Sinclair’s Commentary

The fancy song and dance manipulating every aspect of the Western financial world will come to an end.

Dear CIGAs,

So far this year, between January 7, 2011 and January 21, 2011, the FDIC has closed seven banks. Since the beginning of 2007, a total of 330 banks have been closed.

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A Decade Of Gaining 18% A Year — "Some Relic"

Dear CIGAs,

Click the link below to open John Embry’s latest article in PDF format.

A Decade Of Gaining 18% A Year — "Some Relic"