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In The News Today

Jim Sinclair’s Commentary

Stratfor outlines three lousy choices for the military of Egypt. Any one of these will serve to increase tensions.

There are 10 countries with similar problems. Saudi Arabia is not exempt.

"This now creates a massive crisis for the Egyptian military. Its goal is not to save Mubarak but to

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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

Jim’s Mailbox

Lots of Arm Waving About Jobless Claims CIGA Eric

The trend in jobless claims has little if any influence on global capital flows. A lot of arm waving for nothing. Wake me up when the cycle is over.

Average Weekly Initial Claims State Unemployment (AWIC) And YOY Change

Headline: Jobless claims drop to

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In The News Today

 

Jim Sinclair’s Commentary

The OTC derivative gang did a lot better with no risk.

Tanker with $200 million in oil hijacked off Oman Piracy ‘spinning out of control into the entire Indian Ocean,’ shipping spokesman says By Jonathan Saul and Renee Maltezou

LONDON/ATHENS — Suspected Somali pirates captured a U.S.-bound tanker carrying

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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

Market Commentary From Guild Investment

Inflation is taxation without legislation -Milton Friedman

Inflation: Say Goodbye to Buying Power

Economy watchers see its growing presence in official government statistics. Yet you won’t hear government officials admitting it. It’s too politically unpleasant — and threatening — to do so. Official spin and fantasy aside, the reality is that inflation is here

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Inflation Is Not A Problem

Dear CIGAs,

In watching the testimony and question and answer session involving Fed Chairman Ben Bernanke, (more on this later), I continue to marvel at his insistence that inflation is not a problem nor has it resulted from his Fed’s QE policies. About the same time that his Da Niles were reaching Pinnochio levels,

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China to Add Staggering 5,042 Tons of Gold for 10% Reserves

Dear CIGAs,

On the heels of the Robin Griffiths interview where Griffiths is looking for the Chinese to increase their gold reserves five-fold from 2% to 10%, King World News interviewed Dan Norcini to get his thoughts.  “Eric, if you base Chinese reserves on $2.5 trillion, for China to move from 2% to 10%

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