In The News Today

Posted at 11:20 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

The following chart is of the USA’s economic recovery. The only thing recovering is economist bliss due to the Dow 1200 happy pills.

The fact that equities are being pushed by the same mechanism, QE, that pushes gold is lost on them.

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Jim Sinclair’s Commentary

Here we go again. We have been in Yemen for quite awhile. All this costs lives and money.

Senior US Marine Says "Multiple Platoons" Are Headed To Egypt
Nicholas Carlson         | Feb. 5, 2011, 11:42 PM

A senior member of the US Marine corps is telling people "multiple platoons" are deploying to Egypt, a source tells us.

There is a system within the US Marines that alerts the immediate families of high-ranking marines when their marine will soon be deployed to an emergency situation where they will not be able to talk to their spouses or families.

That alert just went out, says our source.

This senior Marine told our source that the Pentagon will deploy "multiple platoons" to Egypt over the next few days and that the official reason will be ‘to assist in the evacuation of US citizens."

Our source was told that "the chances they were going over there went from 70% yesterday to 100% today."

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Jim Sinclair’s Commentary

The oldest occupation on earth, politics, certainly pays well.

Mubarak family fortune could reach $70bn, say experts
Egyptian president has cash in British and Swiss banks plus UK and US property
Phillip Inman – Friday 4 February 2011 17.58 GMT

President Hosni Mubarak’s family fortune could be as much as $70bn (£43.5bn) according to analysis by Middle East experts, with much of his wealth in British and Swiss banks or tied up in real estate in London, New York, Los Angeles and along expensive tracts of the Red Sea coast.

After 30 years as president and many more as a senior military official, Mubarak has had access to investment deals that have generated hundreds of millions of pounds in profits. Most of those gains have been taken offshore and deposited in secret bank accounts or invested in upmarket homes and hotels.

According to a report last year in the Arabic newspaper Al Khabar, Mubarak has properties in Manhattan and exclusive Beverly Hills addresses on Rodeo Drive.

His sons, Gamal and Alaa, are also billionaires. A protest outside Gamal’s ostentatious home at 28 Wilton Place in Belgravia, central London, highlighted the family’s appetite for western trophy assets.

Amaney Jamal, a political science professor at Princeton University, said the estimate of $40bn-70bn was comparable with the vast wealth of leaders in other Gulf countries.

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