Jim’s Mailbox

Posted at 3:22 PM (CST) by & filed under Uncategorized.

Jim,

The graphical representation of the Formula illustrates an accelerating down trend. Yet despite this fact gold investors, possibly CIGAs, continue to display fear and lack of conviction. It is this fear and disorganization that allows bullion banks to pick our pockets regardless of the fundamentals. Anger turned inward makes for easy prey. Anger turned outward creates formidable opposition.

You two are the conduit for turning that anger outward. I just handle the Z scores.

Have a nice evening,
CIGA Eric

Click charts to enlarge in PDF format

November1408-Eric1

November1408-Eric2

Dear Mr. Sinclair,

Is this at all possible? Could you comment please?

Thank you,
CIGA N

The G-20’s Secret Debt Solution
by Larry Edelson   11-13-08

If you think this weekend’s G-20 meetings in Washington are only about designing short-term fixes to the financial system and regulatory reforms for banks, hedge funds, brokers, mortgage companies and investment banks … think again.

Behind the scenes, a far more fundamental fix is being discussed — the possible revaluation of gold and the birth of an entirely new monetary system.

I’ve been studying this issue in great depth, all my life. And given the speed at which the financial crisis is unfolding, I would be very surprised if what I’m about to tell you now is not on the G-20 table this weekend.

Furthermore, I believe the end result will make my $2,270 price target for gold look conservative, to say the least. You’ll see why in a minute.

First, the G-20’s motive for a new monetary system: It’s driven by and based upon this very simple proposition …

“If we can’t print money fast enough to fend off another deflationary Great Depression, then let’s change the value of the money.”

More…

Dear CIGA N,

Maybe not in this form, but at some time this will happen. Gold will basically be a control factor. That is a form of FRGCR.

I rather doubt that the G20 will do much other than yell and scream at each other for more Quantitative Easing from Washington in their area of economic concern.

I have learned never to say never with respect to other’s opinions.

I doubt it, now.

Regards,
Jim