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The Latest From Political Hollywood

My Dear Friends,

Here is the latest in Political Hollywood.

You can be sure there will be a deal to avoid default. You can be equally sure it will not cure the debt problem.

Regards, Jim

Leaders Reach Deal to Raise Debt Ceiling By CARL HULSE and JENNIFER STEINHAUER Published: July 31, 2011

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In The News Today

Jim Sinclair’s Commentary

The latest pseudo solution compromise on us debt from Washington.

US debt crisis: deal close to avoid default Senate due to vote at 1800 BST on compromise thrashed out over weekend before plan passes to House of Representatives Ewen MacAskill in Washington and agencies guardian.co.uk, Sunday 31 July 2011 10.33 BST

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Jim’s Mailbox

Dear Jim,

Gold stocks should explode upwards. In my opinion, they are extremely cheap versus the Gold price.

They are cheaper than 2008 because the price of gold is up 2.5 times.

Regards, CIGA Luis Ahlborn Sequeira

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In The News Today

My Dear Friends,

The two most likely resolutions to the political debate over the US debt are:

1. A compromise that does nothing meaningful to cut entitlement spending and other set government spending. 2. A downgrade of US debt by major rating agencies.

Either choice is extremely bullish for Gold

Enjoy your weekend, Jim

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Jim’s Mailbox

Hi Jim,

Many doctors are refusing to accept Medicare patients because the doctors are having problems being reimbursed by Medicare.

The current debt crisis is exacerbating that problem.

Aren’t you the one who coined the phrase “culling of the gene pool”?

Best regards, CIGA Black Swan

P.S. College students are getting a raw deal,

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KWN Weekly Metals Wrap

Dear CIGAs,

Please click the link below to listen to this week’s metals wrap up from King World News, featuring our very own Trader Dan Norcini.

Click here to listen to the weekly metals wrap up…

The Question On Everyone’s Mind

My Dear Friends,

The question in all our minds is what will the final debt compromise effect be on the price of gold?

We have written here recently and published the articles of others that state a downgrade of US Treasuries has more serious long-term implications economically than a short term technical default.

I

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In The News Today

Jim Sinclair’s Commentary

John Williams confirms the severity of the double dip.

- GDP Growth Slows Markedly – Official Downturn Much Deeper In Revision – Latest GDP No Longer Has Recovered Pre-Recession High – 2009 Annual GDP Drop Now Worst Since 1932 — Outside of World War II Production Shutdown

www.ShadowStats.com

 

Jim Sinclair’s

Continue reading In The News Today