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Happy New Year!

Dear CIGAs,

From the biggest to the littlest, all of us at JSMineset would like to wish you a very Happy New Year!

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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…

In The News Today

Jim’s Mailbox

Hi Jim,

Iran is heating up. They’re going to test fire long-range missiles tomorrow. Wonder if that’s why gold was up today?

The New Year should be quite eventful!

New Years Greetings, CIGA Black Swan

Iran to fire long-range missiles in drill-agency Fri Dec 30, 2011 9:45am EST By Parisa Hafezi

TEHRAN, Dec

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In The News Today

Dear Friends,

This is pure global QE. The Fed provides the swaps which is a form of loan for the ECB to lend to their banks who in turn buy Euro Federal paper.

The veil is so thin and the result is exactly the same as QE in this global world with the Fed

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The Depth Of Despair In The Gold Community

My Dear Friends,

Today was the first day that we got some good action in the gold price. It will be very interesting to see if sellers appear as they have been during Asian hours. Just because the manipulators use the illiquid Asian hours to paint gold do not assume it reveals the nationality

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In The News Today

Jim Sinclair’s Commentary

John Williams’ www.ShadowStats.com points out that nothing whatsoever has changed.

Commentary No. 410: Special Commentary, GAAP-Based 2011 U.S. Financial Data

- Actual 2011 Federal Deficit Topped $5.0 Trillion – U.S. Government Debt and Obligations Top $80 Trillion – Long-Term U.S. Insolvency/Hyperinflation Remain Virtual Certainty

www.ShadowStats.com

 

Jim Sinclair’s Commentary

Some

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Jim’s Mailbox

Silver From Investment Darling to Pariah CIGA Eric

The downside blowout of lease spreads reflects the invisible hand borrowing silver to ignite the cycle of panic in silver. Notice how the negative lease spreads compress as price declines (falls down the elevator shaft).

Real Silver Lease Rates (1-Month LIBOR less 1-Month SOFO) and London

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