Jim Sinclair’s Commentary
Only one so far this weekend
Bank Closing Information
Updated Feb 24, 2012 17:02:28 EST
These links contain useful information for the customers and vendors of these closed banks.
Central Bank of Georgia, Ellaville, GA
Jim Sinclair’s Commentary
Here is the latest from John Williams’ www.ShadowStats.com.
- Monetary Base Surge to Record High Suggests Intensifying Systemic-Solvency Crisis
- January Home Sales Numbers Continued Bottom-Bouncing
- Unstable Seasonal Adjustments in Existing Home Sales?
No. 420: Monetary Base, January Home Sales
www.ShadowStats.com
Jim Sinclair’s Commentary
This will have a meaningful impact on the cost of Tanzanian electrical power as gas generation powers the national expanding grid.
Statoil: Tanzania gas find significant discovery
By Katarina Gustafsson
Norwegian oil and gas giant Statoil ASAFriday said its Zafarani gas find offshore Tanzania is a significant discovery and its fifth largest find in the past 12 months.
Last Friday Statoil said the company, together with its partner ExxonMobil Corp had encountered indications of natural gas in the Zafarani exploration well in the block 2 license offshore Tanzania.
Drilling is ongoing and the company said Friday that the discovery has so far proved up to 5 trillion cubic feet of gas in-place, making it Statoil’s fifth biggest discovery in the last 12 months.
"The well has encountered 120 meters of excellent quality reservoir with high porosity and high permeability," Statoil said.
The water depth at the well location is 2,582 meters and the well itself will be drilled to reach an expected total depth of around 5,100 meters.
Jim Sinclair’s Commentary
I love the video, but turn the sound down low or off.
Jim Sinclair’s Commentary
QE makes equities a better buy on breaks than a short for investment at some point considered overvaluation.
S.&P. 500 Index Closes at Highest Level Since June 2008
The Standard & Poor’s 500-share index on Friday finished at its highest point since 2008, extending a climb that began in November.
But in a generally lackluster trading day, the Dow Jones industrial average ended the day flat, failing again to close above 13,000 points. The Nasdaq ended 0.2 percent higher.
The S.&.P. closed at about 1,365 points. The last time it was higher was in June 2008, before the worst of the financial crisis.