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Gold and Euro Politics

Dear CIGAs,

There is a real possibility that Euroland could talk itself to death. Discussions of upcoming rescue plans, arguments against it and warnings serve to make nice opportunities for trading equity markets, but not settling the problem of debt gone wild.

The movement in gold continues and is playing quite nicely to Kenny’s

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In The News Today

Jim Sinclair’s Commentary

Very Chinese, afoot at a time when unrelentingly building both gold and the Yuan as primary currencies.

Hong Kong becomes first centre for gold trading in yuan 16 October 2011 Last updated at 21:50 ET

Hong Kong has become the world’s first place to offer gold trading in yuan, cementing its

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In The News Today

 

Jim Sinclair’s Commentary

Four bank failures this week.

Bank Closing Information October 14, 2011 These links contain useful information for the customers and vendors of these closed banks.

Country Bank, Aledo, IL First State Bank, Cranford, NJ Blue Ridge Savings Bank, Inc., Asheville, NC Piedmont Community Bank, Gray, GA

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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…

On The Road Again

Dear CIGAs,

If it is Monday, I must be on my way to Tanzania, East Africa again. Duty calls. This will be a week of negotiations and contract work.

The total trip is 19 flying hours with either a 2 or 9 hours layover in Dubai. If you must get caught in an airport

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In The News Today

 

Jim Sinclair’s Commentary

The latest from John Williams at www.ShadowStats.com.

- The Great Downturn Deepens as Household Incomes Collapse – September Retail Sales Gain Exaggerated by Poor-Quality Seasonal Adjustments – Trade Deficit Still Suggests A Positive Contribution to Third-Quarter GDP www.ShadowStats.com

 

Jim Sinclair’s Commentary

You think this is limited to Euroland?

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Jim’s Mailbox

The Difference Between Headline and Real Trends CIGA Eric

Today’s positive headline retail sales numbers could be positioned as economic strength by the various media outlets. I caution against accepting this argument.

Retail sales priced in US dollars are a nonstationary time series. That is, currency devaluation (price inflation) causes the time series to

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In The News Today

Dear CIGAs,

What does gold need? What does gold want? A return to front door QE3.

Gold will get its wish with Eurobonds leading this QE parade.

QE to Infinity looks like the following:

 

Jim Sinclair’s Commentary

This union has an interesting sense of humor.

Greek Finance Ministry Workers Block Access to

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