Posted at 8:54 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

Seeing the continuing trend of major financial influence in politics present during the Obama administration while expecting something different to develop is Einstein’s definition of insanity. The picture looks good but the change escapes me. The good generals and representatives of the dark forces’ soldiers out of the evil banking sector in the new administration cabinet is quite disquieting. This is the ongoing war of light versus dark for control of the planet, nothing less.

Bankers are totally evil. Generals are both black and white. Where are the forces of light? Certainly not in the comment “torture works”, no matter how true.

Trump Team Considering Another Goldman Executive for Key Treasury Post
January 6, 2017

After tapping several Goldman Sachs Group Inc. alumni for senior economic posts, President-elect Donald Trump’s team is considering yet another for a key job at the Treasury Department.

Jim Donovan, a senior Goldman Sachs GS, +1.48% private banker, is under consideration to be the U.S. Treasury Department’s undersecretary for domestic finance, according to people familiar with the matter.

The choice isn’t yet final and could change, these people said. Attempts to reach Donovan Friday were unsuccessful. Trump’s transition team didn’t respond to a request for comment.


Posted at 12:57 PM (CST) by & filed under Jim's Mailbox.

The moment of truth approaches. Compliments of CIGA David.

Rand Paul Introduces Bill to Audit the Fed, Says it Has Trump Support
January 4, 2017

Literally nothing is going to happen here. Let’s not pretend Congress will actually pass a Rand Paul bill that simply requests for the Federal Reserve to be audited. After all, they’re the central bank for the world now, rigging markets and fixing rates almost on demand. There are a lot of people with a lot of questions for the Fed — an entity who presides over an unlimited balance sheet and the power to both print fiat currency at will and to increase the amount of interest it charges the U.S. government.

Any person or entity under the auspices of the SEC or FINRA is forced to undergo routine audits, just to make sure everything is kosher. Why isn’t the same standard used for the Fed?

Rand Paul wants to change that and he says it has the support of President elect Trump.


It’s worse than I even thought…coming on the heels of massive closures from past 18 months…shows you the bleeding…..also notice how MSM now talking about high end property crumbling….things much worse and now the admission has begun….have to wonder if things are truly changing in media….another 30 days and we will know…Obamacare going down is a start….

CIGA David

Macy’s Posts Disappointing Holiday Sales, Likely To Cut 10,000 Workers And Move Forward With Store Closures
January 4, 2017

People carry retail shopping bags during Black Friday events on November 25, 2016 in New York City.

Holiday aftermath leaves retail wreck in its wake.

Macy’s shares tumbled more than 9 percent after the market’s close Wednesday after it posted disappointing holiday sales and released the locations of 68 of the 100 stores it plans to close as it looks to turn around its performance.

Macy’s comparable sales fell 2.1 percent in November and December, which was at the low end of its previous guidance. It maintained its 2016 comparable sales guidance of a 2.5 percent to 3 percent decline, but expects full-year diluted earnings to be in a range of $2.95 to $3.10. It had previously been expecting $3.15 to $3.40.

Macy’s outgoing Chairman and CEO Terry Lundgren said the company expects “our 2017 change in comparable sales to be relatively consistent with our November/December sales trend.”


So you ruin people lives, take money from them and just pay a fine and get off the hook! “Justice” — that is funny!

CIGA Gijsbert

Jim Sinclair’s Commentary

The rule of law depends on who you are.

Jon Corzine Settles Over MF Global Collapse: Agrees To Lifetime Ban, $5 Million Fine
January 5, 2017

Three years ago, in February 2013, traders were outraged upon learning that the National Futures Association refused to ban former MF Global chief Jon Corzine from trading with other people’s money, rejecting a motion brought before that body’s board of directors to do so. The decision was a blow to a vocal group within the commodities trading world who – noting that Corzine has not been held accountable by the government for alleged crimes – wanted to see him publicly upbraided by his peers in the market.

All that changed today when Corzine agreed to pay a $5 million civil fine to settle a lawsuit by the U.S. Commodity Futures Trading Commission over the 2011 collapse of the former New Jersey governor’s brokerage, MF Global Holdings. More importantly, under the settlement disclosed on Thursday, Corzine also agreed to be barred for life and never again work for a futures commission merchant, or register with the CFTC in any capacity.

Which means Corzine’s dreams of running a hedge funds are now over.


Posted at 12:55 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

…Watch the credit markets!

Bitcoin Explodes Higher As Chinese Interbank Liquidity Freezes; Overnight Yuan Rate Hits 45%
January 4, 2017

As one veteran trader noted “something is very broken.” After a massive short-squeeze sent the offshore yuan soaring during the US day session, overnight yuan deposit rates have exploded 31.5 percentage points higher to 45% – just shy of the record highs – as China’s interbank liquidity crisis is front-and-center. At the same time, coincidence or not, Bitcoin denominated in yuan has gone vertical, smashing through previous record highs.

Continuing the recent trend of demonstrably withdrawing liquidity, the People’s Bank of China injected a paltry CNY10 billion via seven-day reverse repos and skipped both 14-day and 28-day reverse repos at its open-market operations Thursday, according to traders. The moves resulted in a net drain of CNY140 billion for the day and a whopping CNY435 billion in liquidity at OMMOs so far this week. Yes, nearly half a trillion yuan in liquidity has been withdrawn in just the past week, a time when banks are already scrambling for every spare source of cheap funding.

As a result of this forced drain which was likely orchestrated by the central bank to crush any remaining shorts, and the utter desperation for liquidity, has prompted deposit rates to explode.


Jim Sinclair’s Commentary

Anyone want a war?

Would it not be better for all if the President retiring and President elect simply did the battle of the balls (dancing type) and “A” list entertainers?

Washington seems to be enacting The “Lord of the Flies”. (During an unnamed time of war, a plane carrying a group of British schoolboys is shot down over the Pacific. The pilot of the plane is killed, but many of the boys survive the crash and find themselves deserted on an uninhabited island, where they are alone without adult supervision).

US Special Forces Deployed At Russian Border To Defend Baltic States ‘Scared To Death’ By Vladimir Putin
January 4, 2017

US Special Forces have been deployed close to the border with Russia as part of a “persistent” presence of American troops in the Baltics.

Dozens of special ops solders are being stationed along Europe’s eastern flank to reassure Nato allies Latvia, Lithuania and Estonia.

The move will also allow the US to monitor Russian manoeuvres amid fears of further destabilisation following its annexation of Crimea in 2014.


Jim Sinclair’s Commentary

Be sure to click on bottom video as this film is being shown in Washington and Moscow tonight. Is it any wonder why the CIA is being reorganized?

B-52 loses engine over North Dakota
January 5, 2017

A B-52 Stratofortress bomber lost one of its eight engines while conducting a training flight off Minot Air Force Base in North Dakota.

“Earlier today, a B-52 dropped an engine while in flight,” a US Air Force spokesperson told in an email on Wednesday. “The aircraft landed safely with no injuries.”

The engine broke up and debris landed in an unpopulated area, the report said. No immediate information of injuries or damage on the ground was available.


Jim Sinclair’s Commentary

This world has slipped beyond all ethical boundaries. I suspect 2017 is going to be a very interesting year. Our patience will pay off big time.

WashPost Is Richly Rewarded for False News About Russia Threat While Public Is Deceived
January 4, 2017

IN THE PAST six weeks, the Washington Post published two blockbuster stories about the Russian threat that went viral: one on how Russia is behind a massive explosion of “fake news,” the other on how it invaded the U.S. electric grid. Both articles were fundamentally false. Each now bears a humiliating editor’s note grudgingly acknowledging that the core claims of the story were fiction: The first note was posted a full two weeks later to the top of the original article; the other was buried the following day at the bottom.

The second story on the electric grid turned out to be far worse than I realized when I wrote about it on Saturday, when it became clear that there was no “penetration of the U.S. electricity grid” as the Post had claimed. In addition to the editor’s note, the Russia-hacked-our-electric-grid story now has a full-scale retraction in the form of a separate article admitting that “the incident is not linked to any Russian government effort to target or hack the utility” and there may not even have been malware at all on this laptop.

But while these debacles are embarrassing for the paper, they are also richly rewarding. That’s because journalists — including those at the Post — aggressively hype and promote the original, sensationalistic false stories, ensuring that they go viral, generating massive traffic for the Post (the paper’s executive editor, Marty Baron, recently boasted about how profitable the paper has become).


Posted at 3:25 PM (CST) by & filed under In The News.

My Dear Friends,

It makes me ill when I see a defense presented with its foundation based in sand.

All that needs to be done here is a discovery (a legal process which comes after the process of complain and acceptance for trial), request copies of all transactions made by the bank and subsidiaries in the FIX as well as the paper market and OTC physical market. Give them over to 6 accountants working full time to computerize all trades by day, amount and price on the same spread sheet.

Then Michel Del Topo (Italian for Mickey Mouse) can review that information on one sheet will detect a pattern. The amount of data is so great that a pattern recognition computer program will be used, with your incontrovertible answer by pattern analysis. This article is either disinformation or simply a financial young do-it-all’s opinion on something he does not understand at all. There is a paper trail to all this available in discovery. The proof is out there.

It not only makes me ill, but also angers me in the period where law and logic mean nothing whatsoever.

This entire industry crushing fraud lies in plain view.


Market Manipulation Is Not Price Suppression
January 3, 2017

One of the most annoying claims made by manipulation-focused gold-market commentators is that evidence of market manipulation constitutes evidence of long-term price suppression. The claim is annoying not so much because it is obviously false, but because many people get fooled by it even though it is obviously false.

Experienced traders are well aware that banks and other large-scale operators regularly attempt to shift prices one way or the other in most financial markets to benefit their own bottom-lines. It has always been this way and it always will be this way. As I mentioned in previous blog posts (here, here and here, for example), when news emerges that banks have been caught manipulating prices in a market it isn’t really news at all.

Sometimes the manipulation is unethical and/or illegal (what’s illegal and what’s unethical aren’t always the same), but a lot of the price manipulation attempted by private operators in the financial markets is neither illegal nor unethical. A lot of the time it is a legitimate business practice.


Posted at 1:46 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

It is unprecedented that such Herculean act that could redrawn the Middle East is engineered and accepted by the United State this late in a lame duck administrations life. We seem so anxious for war almost anywhere and right away.

Column One: Obama And Israel, Strike And Counter-Strike
December 29, 2016

Resolution 2334 asserts that Israel has no right to any of the lands it took control over during the Six-Day War.

UN Security Council Resolution 2334 was the first prong of outgoing President Barack Obama’s lame duck campaign against Israel.

US Secretary of State John Kerry’s speech on Wednesday was the second.

On January 15, stage 3 will commence in Paris.

At France’s lame duck President François Hollande’s international conference, the foreign ministers of some 50 states are expected to adopt as their own Kerry’s anti-Israel principles.


Jim Sinclair’s Commentary

Some of the strictest anti gun laws are in Chicago. Look what happened when Nanny government makes it illegal for us to defend ourselves.

Trump Blasts Chicago Mayor Rahm Emanuel For Record-Setting 762 Homicides And 4,331 Shooting Victims In 2016 And Says He ‘Must Ask For Federal Help’ If He Can’t Fix Windy City
January 2, 2017

Donald Trump used his Twitter bully pulpit on Monday to blast Chicago Mayor Rahm Emanuel for allowing his city’s murder and firearms shooting rates to spiral out of control.

‘Chicago murder rate is record setting – 4,331 shooting victims with 762 murders in 2016,’ Trump tweeted.

‘If Mayor can’t do it he must ask for Federal help!’

2016 was one of the most violent years in Chicago history with the most homicides in two decades – more than New York and Los Angeles combined.

The nation’s third largest city also saw 1,100 more shooting incidents last year than it did in 2015, according to data released Sunday by the Chicago Police Department.


Assange To Hannity: Source For WikiLeaks Was Not Russian Government
January 2, 2017

In an exclusive interview with FOX News Channel’s Sean Hannity the founder of WikiLeaks Julian Assange said Russia was not the source for the DNC and John Podesta hacks.

HANNITY: Can you say to the American people, unequivocally, that you did not get this information about the DNC, John Podesta’s emails, can you tell the American people 1,000 percent that you did not get it from Russia or anybody associated with Russia?

JULIAN ASSANGE: Yes. We can say, we have said, repeatedly that over the last two months that our source is not the Russian government and it is not a state party.


Bill Holter’s Commentary

Otherwise known as “Truth Bombs”…?

Wikileaks Vows To ‘Blow You Away’ In 2017 ‘Showdown’
January 3, 2017

WikiLeaks has promised 2017 will be an even bigger year for leaks than 2016, which saw the whistleblowing site publish thousands of documents exposing US political secrets, covert trade deals and private communications from global leaders.

“If you thought 2016 was a big WikiLeaks year, 2017 will blow you away,” WikiLeaks tweeted on Monday, giving no hints as to what may be in store.

The tweet also included a link to its website’s donation page so people can help the site “prepare for the showdown.”


Posted at 1:26 PM (CST) by & filed under Jim's Mailbox.

I like this gold chart expressed in Canadian dollars — the only currency gold is still kind of depressed in is the US dollar!

CIGA Gijsbert