Posts Categorized: Jim’s Mailbox

Jim’s Mailbox

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Jim/Bill, When considering the fate of Puerto Rico’s bonds, you must consider the fate of the entire Muni market. “Responding to whether or not Trump would bail out Puerto Rico as president of the United States… “No I don’t believe they should, and I think frankly Puerto Rico is better if they don’t because they’ll… Read more »

Jim’s Mailbox

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Jim/Bill, This is very bullish for gold going forward. Kneejerk reaction by weakening of Euro. In reality, the less currencies for income to hide, the greater the value of gold as a proxy. (Actually, currencies are a proxy for gold!) CIGA Wolfgang Rech The War On Paper Currency Officially Begins: ECB Ends Production Of €500… Read more »

Jim’s Mailbox

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Jim/Bill, Can someone enlighten me, please. Euro traded up, with 1.16 handle overnight Yen traded up, with 105 handle overnight. Although the Aussie Dollar got hit, it didn’t affect those currencies. Gold traded again over $1,300. DXY broke 93 support and traded at 92.40. This is all VERY bullish for gold and silver. Then NY… Read more »

Jim’s Mailbox

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Jim, And the beat goes on. China is forcing the US to consider whether or not it has the right to take their ships around the world and dock them where they want. It is definitely a new world. CIGA Larry C. China Blocks U.S. Navy Flotilla’s Visit to Hong KongBy MICHAEL S. SCHMIDT and… Read more »

Jim’s Mailbox

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DEFINITION of ‘Panic Buying’ A type of behavior marked by a rapid increase in purchase volume as the price of a good or security increases. Panic buying has the effect of reducing the supply of the good or security, while at the same time driving the price up even higher. This type of behavior is… Read more »

Jim’s Mailbox

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Dear F, The industry has been destroyed. This is first time there is an admission of guilt by the party involved. Up until now all these actions have been settled as neither are admitting nor denying guilt. This now is an open door to drive through to get a ball rolling towards the real perpetrators… Read more »

Jim’s Mailbox

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Jim/Bill, The minute NY opens, someone (Fed?) sells $2 billion on paper contracts… to stem a MASSIVE overnight rally that took gold up $23 and Silver up $ .70. The danger in that play is… they have to buy back the shorts at some point! If the price recovers later today on bargain hunting, you… Read more »

Jim’s Mailbox

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Jim, When I read these headlines it scares me, but I take comfort in knowing I took your advice years ago in protecting my children’s future and wealth to the extent I can. It just a matter of time for the ripples to reach our shores. Thank youCIGA Perry Perry, When you deposit your money… Read more »