In The News Today

Posted at 2:13 PM (CST) by & filed under In The News.

Dear CIGAs,

Thinking back to the following post from April 5th:

Expect the Round Number Effect at $1500 for gold, but less severe than the battle at $1400. Angel $1650 is quickly coming into focus.

If we have learned one thing, it is not to get short term focused on this market. Stay focused on what is important and not the noise.

Think for a moment if Armstrong and Alf are right on gold. That would mean the following prices are coming:

$1650
$3000
$5000
$12,500

 

Jim Sinclair’s Commentary

See things in perspective. The close/open government game was a political show.

Look at what it all really means in the big picture. 33 billion is nothing more than crumbs.

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Jim Sinclair’s Commentary

Who benefits the most economically from the earth shaking changes in the Middle East?

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More…

Jim Sinclair’s Commentary

Following the money and political capital, Russia and Iran win on this world shaping set of events.

Dozens Dead in Yemen, Egypt, Syria as Protests Shake Region
By Peter S. Green – Apr 9, 2011 4:23 PM MT

Scores of people were killed or wounded in Yemen, Egypt and Syria, and Libyan rebels battled loyalists in three cities, as protests against entrenched regimes shook the Middle East.

Yemeni security forces fired on demonstrators in three cities yesterday, leaving many wounded, and Syrian contingents shot at a funeral for protesters killed in an earlier demonstration. Egyptian military leaders blamed “outlaws” trying to “thwart the revolution” for killing at least one person when soldiers broke up a protest in central Cairo, which also left 71 injured.

Almost four months after a 26-year-old vegetable seller set himself alight in despair over Tunisia’s social, political and economic conditions, protestors in a half-dozen countries are trying to sweep away regimes that have ruled for decades. Countries from North America, Europe and the Middle East itself are also struggling to contain Libya’s dictator, Muammar Qaddafi, and ease the transition to democracy from Egypt to Yemen.

“We’re obviously in a period of unraveling of the old, and violence is a part of that,” said Robert Danin, a senior fellow for Middle East and Africa studies at the Council on Foreign Relations inWashington. “But it’s premature to conclude that this is the new normal.”

Battle for Control

Qaddafi’s troops battled rebels for control of Misrata and Ajdabiya on the Gulf of Sidra yesterday, according to Al Jazeera and Al Arabiya television. Qaddafi forces also began shelling the city of Zantan, a spokesman for the town, Adel al-Zantani, told Al Jazeera.

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