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Jim’s Mailbox

Greetings Jim,

Gold closed moderately higher today, moving up to a new short-term high for the developing reaction from late January. Technical indicators are now moderately bullish overall on the daily chart, supporting a continuation of the advance.

Technical indicators are strengthening on the Gold Currency Index (GCI) daily chart as well, indicating

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In The News Today

Dear CIGAs,

There is a reasonable argument that North America should stay out of the political affairs of other cultures. There are examples today of beneficent dictatorships that have delivered good and plenty to their nation.

The view of the Egyptian situation varies from the US to Asia and the Middle East.

Democracy was

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

Today’s big news once again came out of China, which announced yet another rate increase in what has now been a series of hikes over the last several months. In what has to be a significant development, gold, which initially dipped lower upon the news, ricocheted higher, surging through overhead resistance just

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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

In The News Today

Jim Sinclair’s Commentary

Regulatory bodies and FBI wonder why anyone would hack the NASDAQ.

The answer is simple: for nefarious profits.

 

Jim Sinclair’s Commentary

The media’s take on Egypt is:

1. The present situation is a process whereby a permanent democracy will be born. 2. Because the media is totally convinced a new

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Jim’s Mailbox

Gentlemen,

Looking at the long term long bond interest rate chart, I wanted to bring to your attention some salient features. This may be the beginning of the end of the long bond bull market in interest rates. This chart is presenting some nice time/price moves along its length/height. Of particular interest is

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9% Unemployment Rate is a Statistical Lie

Courtesy of Greg Hunter’s USAWatchdog.com

Dear CIGAs,

The Bureau of Labor Statistics (BLS) released the latest unemployment figures last Friday.  There was a stunning drop to 9% from 9.4%.  How did that happen?  Is the economy really getting better or is the government up to its old statistical tricks.  According to the mainstream media,

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In The News Today

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.

 

Jim Sinclair’s Commentary

Here we go again.

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