Posted at 2:01 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

Sounds perfectly correct to me

John Hathaway – China Is Preparing To Radically Reprice Gold Higher As Demise Of The COMEX & LBMA Accelerates
January 12, 2017

January 13 (King World News) – Gold rose 8.5% for the year while gold-mining stocks (XAU – Philadelphia Gold and Silver Index stocks) rose 75%. On an annual basis, results were highly satisfactory. However, there was considerable drama beneath the surface that left precious metals investors in a state of anxiety by year-end. Precious metals and mining shares rose sharply through August, and then spent the rest of the year giving back much of the first-half gains. The second half downtrend accelerated into early December, following the unexpected victory by Trump and a hawkish statement after the December Federal Open Market Committee (FOMC) meeting…

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Talk Radio Hosts And Bloggers May Benefit From White House Press Move
January 16, 2017

Talk radio hosts and bloggers could be given greater access to official White House press briefings once the Trump administration takes office, under a highly irregular proposal being floated that may also remove briefings from the West Wing.

Trump’s pick for White House press secretary, Sean Spicer, said on Sunday that due to “off the chart” interest in the new administration, the president-elect was considering moving briefings from the James S Brady press briefing room, which has been used by presidents to address the media since 1970, to a venue with a greater capacity.

A report published by Esquire magazine on Saturday indicated the venue could be inside the Old Executive Office Building, just west of the White House.

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Posted at 11:28 AM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

This cartoon was in the Cedar Rapids Gazette this morning. What a pleasant surprise.

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Jim Sinclair’s Commentary

Nothing like a calm undisturbed world political situation?

The 70 Nations That Will Meet In Paris On January 15th Are Going To Publicly Commit To Dividing The Land Of Israel
January 13, 2017

A draft of the summary statement that will be released at the conclusion of the 70 nation conference in Paris on Sunday has been leaked. As you will see below, this communique is going to call for the division of the land of Israel, for the establishment of a Palestinian state, for the 1967 borders to serve as the basis for final negotiations between the Israelis and the Palestinians, and for the condemnation of any officials that refuse to support a two state solution.

Of course this comes on the heels of UN Security Council Resolution 2334, which many believe represented America’s greatest betrayal of Israel. Israeli government officials are publicly warning that there is a possibility that the principles agreed upon at this conference may form the basis for another Security Council resolution before January 20th, and this is something that we should all be watching for very closely.

Haaretz exclusively obtained a copy of a draft of the summary statement that will be released following the conference on Sunday, and you can read it for yourself right here. Reportedly, there was a major meeting of diplomats last Friday, and the latest draft reflects feedback that was received from those diplomats during that meeting…

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Posted at 11:21 AM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

Although Yellen is technically correct about higher education, it is undoubtedly a “broad” brushstroke that that misleads the public.

“Yellen sees no obstacles for U.S. economy. Yellen observed that productivity, a “key determinant” of living standards, remained at historically-low levels and noted that a greater share of income gains were going to workers with higher education levels, exacerbating income inequality in the U.S.”

Within the realm of higher education, it’s really the corporate and political elite that amass the benefits. Not the college graduate in my opinion.

CIGA Wolfgang Rech

The left goes nuts when a private company is contractually obliged to use its own money to pay off a failed CEO. But when left-wing politicians collude with their public union supporters to rack up unpayable pension bills in the trillions, we get… crickets.

Where’s The Outrage?
January 13, 2017

Whenever a failed CEO is fired with a cushy payoff, the outrage is swift and voluminous. The liberal press usually misrepresents this as a hypocritical “jobs for the boys” program within the capitalist class. In reality, the payoffs are almost always contractual obligations, often for deferred compensation, that the companies vigorously try to avoid. Believe me. I’ve been on both sides of this kind of dispute (except, of course, for the “failed” bit).

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People are usually struck by the seeming injustice of CEOs running companies into the ground and then getting paid obscene amounts in the form of “golden parachute” type good-bye presents. Often there is no other way to get rid of a bad CEO though – if his or her employment contract guarantees a large termination benefit, the company may have little choice in the matter. As a rule, private shareholders are bearing the cost of such transactions, and they are in this position voluntarily (after all, they could sell their shares or vote against generous CEO payment packages at shareholder meetings). We realize of course that in the age of crony socialism, one usually has to judge such things carefully on a case by case basis. Still, it is a far cry from the misuse of taxpayer funds, which are appropriated by coercion and offer those bearing the costs no opportunity to “opt out”.

So where’s the liberal outrage with a story like the pension swindle in El Monte, California? This is about a dying town, with a per capita income of $10,316 and a quarter of its population below the poverty line, that is paying a pension to one of its retired (at the age of 58) city managers of more than $250,000 per year. Adjusted for inflation. With medical for him and his wife. And survivorship benefits. And to which he contributed nothing.

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Posted at 12:12 PM (CST) by & filed under Jim's Mailbox.

Jim Sinclair’s Commentary

Compliments of CIGA Gijsbert.

Most Overvalued Stock Market In U.S. History – Here’s Why
January 10, 2016

I find it to be mind-blowing when financial advisors and stock market gurus get in bubblevision or write Seeking Alpha articles and assert that the stock market is good “relative” value right now. They are either dishonest, unethical or just stupid. Likely a combination of all three in varying degrees.

Here’s a chart with which everyone is familiar:

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Based on that graphic, it looks like the current stock market is only the third most overvalued in history, right? WRONG.

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Posted at 12:20 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Sadly Mr. Salinas Price is correct as he expands on what I meant when writing I “feared Mr. Trump would make a policy mistake”. Nationalism and “America first” was embraced and a key reason Mr. Trump won the election. Starting a trade war has precedent, please google “Smoot-Hawley” trade tariffs. As I have said before, no one can fix the problems created from what has already been done (think existing debt). He will simply preside over a bankruptcy …which will result in a reset of all values.

Trump’s Ignorance
January 10, 2017

The president elect of the US, Mr. Trump, does not know what he is doing when he proposes protectionist measures to encourage the reindustrialization of the US and bring home again, the American industry that emigrated to foreign lands.

The US lost their industry as a result of the Bretton Woods Agreements, which were signed (under pressure) by representatives of the allied countries and of the countries conquered by the US in World War II. Those Agreements established the world’s monetary system for the post-war world, after the victory of the Allies, which was already in sight in 1944.

The monetary system was to be based on gold, which would be the world’s reserve currency, supplemented by the American dollar, which was to be considered “as good as gold”. So the world’s monetary system was founded upon a lie: that a promise can be as good as the physical thing it promises.

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Jim Sinclair’s Commentary

The lastest from John Williams’ www.shadowstats.com

- November Trade Deficit Widened Sharply, Setting the Stage for the Worst Quarterly Real Merchandise Trade Deficit Since 2007, and Taking a Large Chunk Out of Fourth-Quarter 2016 GDP Growth

- Nonsense Employment Detail: Payrolls Rose 156,000 in December, Gained 703,000 in Last Four Months, but

Full-Time Employment Rose 35,000 in December, Flat (-8,000) in Last Four Months

- Annual Growth Rates in December Payroll and Full-Time Employment Fell Sharply, to Multi-Year Lows; Nonfarm Payrolls at Weakest Growth Since Exiting the Recession

- Household Survey Revisions Were Minimal for Widely Followed Details, yet January Unemployment Data Face a Series Break, while the Payroll Survey Faces Net Downside Benchmark Revisions Next Month

- December 2016 Unemployment Rates Mixed: U.3 Rose to 4.7% from 4.6%, U.6 Eased to 9.2% from 9.3%, ShadowStats-Alternate Rate Eased to 22.7% from 22.8%

- Despite a Monthly Nominal Gain and Downside Prior-Period Revisions, Real Construction Spending Remained Down by 22% (-22%) from Recovering Its Pre-Recession High

- December M3 Annual Growth Notched Higher to 3.9% Versus an Upwardly Revised 3.8% in November; Still Down from 4.5% in June

“No. 860: December Labor Conditions, November Trade Deficit and Construction Spending”

www.shadowstats.com

The Deep State Goes to War with President-Elect, Using Unverified Claims, as Democrats Cheer
January 11, 2017

IN JANUARY, 1961, Dwight Eisenhower delivered his farewell address after serving two terms as U.S. president; the five-star general chose to warn Americans of this specific threat to democracy: “In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.” That warning was issued prior to the decadelong escalation of the Vietnam War, three more decades of Cold War mania, and the post-9/11 era, all of which radically expanded that unelected faction’s power even further.

This is the faction that is now engaged in open warfare against the duly elected and already widely disliked president-elect, Donald Trump. They are using classic Cold War dirty tactics and the defining ingredients of what has until recently been denounced as “Fake News.”

Their most valuable instrument is the U.S. media, much of which reflexively reveres, serves, believes, and sides with hidden intelligence officials. And Democrats, still reeling from their unexpected and traumatic election loss as well as a systemic collapse of their party, seemingly divorced further and further from reason with each passing day, are willing — eager — to embrace any claim, cheer any tactic, align with any villain, regardless of how unsupported, tawdry and damaging those behaviors might be.

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Posted at 1:56 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

“Peace in our time,” except nobody signed the Iran Nuclear Treaty. Iran did however confirm getting the shrink wrapped blocks of $100 bills.

U.S. Says Navy Ship Fired Warning Shots At Iranian Vessels
January 9, 2017

WASHINGTON (Reuters) – A U.S. Navy destroyer fired three warning shots at four Iranian fast-attack vessels after they closed in at a high rate of speed near the Strait of Hormuz, two U.S. defense officials told Reuters on Monday.

The incident, which occurred Sunday and was first reported by Reuters, comes as U.S. President-elect Donald Trump prepares to take office on Jan. 20. In September, Trump vowed that any Iranian vessels that harass the U.S. Navy in the Gulf would be “shot out of the water.”

The officials, speaking on the condition of anonymity, said the USS Mahan established radio communication with the Islamic Revolutionary Guard Corps boats but they did not respond to requests to slow down and continued asking the Mahan questions.

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Posted at 1:50 PM (CST) by & filed under Jim's Mailbox.

Jim Sinclair’s Commentary

Once again Barry is making good on his pledge to release all Gitmo detainees to the detriment of most of the US citizens.

Compliments of CIGA Larry.

EXCLUSIVE: At Least 18 MORE Guantanamo Detainees To Be Freed Within Days As Obama Starts Mass Transfer Of Fanatics Who Have Threatened To Bomb And Behead Americans
January 5, 2017

President Obama is planning to transfer at least 18 more Guantanamo Bay detainees within days after announcing that four prisoners are being sent to Saudi Arabia, DailyMail.com has learned.

The group being released will be drawn from those held at Guantanamo – who include an accused senior al Qaeda bomb-maker, the terror group’s top financial manager, and two intended 9/11 hijackers, who have all been held in the Cuba-based U.S. detention facility for more than a decade.

According to a military source briefed on the process, as total of 22 detainees are being prepared for transfer out of the camp, also known as Gitmo, before January 20.

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