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Notes From Underground: DSK Spoke in Beijing and Now His Black Book Has Replaced Mao’s Redbook

Dear CIGAs,

Dominique Strauss-Kahn delivered a speech today in Beijing, lambasting the leadership of Europe for its “state of denial” about the severity of the credit crisis. It seems that an angry DSK is speaking his mind now that he has no official capacity and can lash out at European leaders. The former IMF

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Notes From Underground: Exchange Controls Building a Stairway to Haven?

Jim Sinclair’s Commentary

Currency controls have never done anything but fail. Currency controls are quite bullish for gold.

Gold weakness is technical as people prepare for the EU to explode, not technical as in TA.

My Former Partner Yra Harris offers comments almost too smart for this market. Yra’s problem, if any, is that

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Notes From Underground: Bini Smash Resigns From ECB Executive Board … What’s It All About?

Dear CIGAs,

There is much in what Yra has outlined tonight.

My take is that the only thing that will actually move Euroland to act is a crisis of full blown proportion. The longer they wait playing their ancient games the closer the full blown crisis is.

Notes From Underground: Bini Smash Resigns From

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Notes From Underground: FOMC Minutes (Upon Further Review)

Jim Sinclair’s Commentary

As push comes to shove on the deceleration of business activity there will be NO hawks on the Fed. That you can be sure of. The following are a few comments from my former partner Yra Harris.

Notes From Underground: FOMC Minutes (Upon Further Review) By Yra

Tonight will be

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Notes From Underground: The Use of Swap Lines …HMMMM

Dear CIGAs,

After Secretary Geithner told the CNBC audience that he was going to Poland as an observer of the ECOFIN meeting on Friday, it seems he changed his mind. U.S. policymakers have woken up to the fact that the European credit crisis is the real deal and risks sending the entire global financial

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Notes From the Underground

Dear Friends,

Remember the key number is $1,764

Today the ECB launched Quantitative Easing as we all know will go to infinity. Gold got a second kick up from the combination of Moody’s recognition that an A rating has little to do with municipalities that issued structured debt and QE to Infinity via the

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Inflation Fears are Muted as a Renewed Threat of Deflation Appears on the Horizon

Dear CIGAs,

Here is the "Rock and a Hard Place." Here is how it will be resolved. Here is why gold is going to take out $1650 on its way much higher.

Here is why you must exercise discipline and keep your gold.

Only gold will insure your future financially and physically.

Here is

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Notes From Underground: CNBC- Fed is ‘Stuck’

Dear CIGAs,

Please check out the following video featuring my friend and former partner, Yra Harris.

Continue reading Notes From Underground: CNBC- Fed is ‘Stuck’