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Remember To Stay Balanced

My Dear Extended Family,

Please make an effort to stay balanced. Greed is a condition of lack of balance similar to fear. Fear is being fanned from within the gold community as much or more than from outside. When people who know gold is seriously under priced talk temporary bear, they kick good people

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Annual CMRE Spring Dinner–May 17, 2012

Dear CIGAs,

I will be speaking at the following event tomorrow in New York City.

Gathering and registration begins at 3:00 in Lincoln Room

Annual CMRE Spring Dinner – May 17, 2012 The Union League Club, 38 East 37th Street New York City, NY

3:45 Bob Hoye, Financial Historian

A Preface

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In The News Today

Goldman Sachs e-mails show illegal naked short selling was bank’s policy Submitted by cpowell on 05:58AM ET Wednesday, May 16, 2012. Section: Daily Dispatches

Accidentally Released — and Incredibly Embarrassing — Documents Show How Goldman et al. Engaged in ‘Naked Short Selling’

By Matt Taibbi Rolling Stone, New York Tuesday, May 15, 2012

http://www.rollingstone.com/politics/blogs/taibblog/accidentally-release…

Continue reading In The News Today

Systemic Risk Is Everywhere

By Greg Hunter’s USAWatchdog.com

Dear CIGAs,

The $2 billion loss of JP Morgan in derivatives trading is signaling, once again, the enormous risks big banks take with taxpayer backing.  All U.S. banks are covered by the FDIC, and if a loss is big enough, it could threaten the financial system just as it did

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Jim’s Mailbox

Jim,

Regarding "Remember to Stay Balanced" today:

There’s an old gambling saying I heard from a guy from Brooklyn years ago.

"Scared money never wins."

I think that’s what you’re saying.

Regards, CIGA Pete

 

Dear LT,

Your formula has been deadly accurate. Here is a growth area in the USA. We

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In The News Today

Jim Sinclair’s Commentary

As if I do not have enough gold bears on my back as it is. Look at what came to visit my back door – a modest sized black bear.

 

Jim Sinclair’s Commentary

Here is the latest from John Williams’ ShadowStats.com.

- Core‰ CPI-U Inflation Hits Cycle High –

Continue reading In The News Today

Jim’s Mailbox

Hi Jim,

This is a very interesting and ominous scientific observation regarding derivatives and the inability of their creators to control them.

As the article states, the banksters have “created a monster they cannot control—a monetary system that operates at a level beyond human comprehension.”

It doesn’t get much scarier than that, does it?

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Embry – This is One of the Greatest Statements of All-Time

Dear CIGAs,

John Embry has paid me a great compliment. Please check out the article below.

Jim

 

Click here to read the full article on KingWorldNews.com

Embry – This is One of the Greatest Statements of All-Time

With global stock markets tumbling, along with gold and silver, today King World News interviewed John

Continue reading Embry – This is One of the Greatest Statements of All-Time